QuinStreet (NASDAQ:QNST – Get Rating) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Tuesday.
Separately, TheStreet lowered QuinStreet from a "c" rating to a "d+" rating in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $13.50.
Get QuinStreet alerts:QuinStreet Trading Down 5.6 %
Shares of NASDAQ:QNST opened at $12.55 on Tuesday. The company has a market capitalization of $687.83 million, a price-to-earnings ratio of -139.43 and a beta of 1.02. QuinStreet has a 12 month low of $8.28 and a 12 month high of $19.02. The firm's 50-day moving average is $11.04 and its 200 day moving average is $11.05.
Institutional Trading of QuinStreet
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in QuinStreet by 3.4% in the first quarter. Vanguard Group Inc. now owns 3,527,144 shares of the technology company's stock worth $40,915,000 after purchasing an additional 116,300 shares during the period. Private Capital Management LLC increased its stake in QuinStreet by 2.8% in the first quarter. Private Capital Management LLC now owns 3,220,774 shares of the technology company's stock worth $37,361,000 after purchasing an additional 88,557 shares during the period. NewEdge Wealth LLC grew its position in shares of QuinStreet by 41.5% during the 1st quarter. NewEdge Wealth LLC now owns 2,763,342 shares of the technology company's stock worth $32,055,000 after buying an additional 810,499 shares in the last quarter. Chicago Capital LLC grew its position in shares of QuinStreet by 10.8% during the 1st quarter. Chicago Capital LLC now owns 2,731,141 shares of the technology company's stock worth $31,681,000 after buying an additional 265,804 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of QuinStreet by 5.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,517,548 shares of the technology company's stock worth $25,327,000 after buying an additional 120,497 shares in the last quarter. Hedge funds and other institutional investors own 91.02% of the company's stock.About QuinStreet
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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 to its clients in the form of qualified clicks, leads, calls, applications, or customers through its websites or third-party publishers.
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