QuinStreet (NASDAQ:QNST) Shares Gap Down – Should You Sell?

Shares of QuinStreet, Inc. (NASDAQ:QNST) gapped down prior to trading on Monday . The stock had previously closed at $19.91, but opened at $19.22. QuinStreet shares last traded at $19.68, with a volume of 7,993 shares.

Analyst Ratings Changes

A number of research analysts have recently weighed in on QNST shares. StockNews.com downgraded shares of QuinStreet from a “hold” rating to a “sell” rating in a report on Thursday. Barrington Research restated an “outperform” rating and set a $22.00 target price on shares of QuinStreet in a report on Friday, August 9th. B. Riley upped their price target on QuinStreet from $21.50 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Craig Hallum increased their price objective on QuinStreet from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, QuinStreet has an average rating of “Moderate Buy” and an average price target of $22.25.

QuinStreet Stock Performance

The stock’s 50-day simple moving average is $19.20 and its two-hundred day simple moving average is $18.06. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -34.93 and a beta of 1.09.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. The business had revenue of $198.32 million during the quarter, compared to analysts’ expectations of $186.39 million. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The firm’s revenue was up 52.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.03) EPS. As a group, research analysts predict that QuinStreet, Inc. will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On QuinStreet

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in shares of QuinStreet by 33.5% in the first quarter. BNP Paribas Financial Markets now owns 47,254 shares of the technology company’s stock valued at $835,000 after purchasing an additional 11,857 shares in the last quarter. RiverPark Advisors LLC acquired a new position in shares of QuinStreet in the 1st quarter valued at $127,000. Texas Permanent School Fund Corp lifted its holdings in shares of QuinStreet by 1.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock worth $806,000 after acquiring an additional 847 shares during the period. ProShare Advisors LLC acquired a new stake in shares of QuinStreet during the 1st quarter valued at about $188,000. Finally, William Blair Investment Management LLC increased its stake in QuinStreet by 0.8% in the first quarter. William Blair Investment Management LLC now owns 1,530,761 shares of the technology company’s stock valued at $27,033,000 after acquiring an additional 12,058 shares during the period. 97.83% of the stock is owned by institutional investors and hedge funds.

QuinStreet Company Profile

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.