StockNews.com upgraded shares of QuinStreet (NASDAQ:QNST – Get Rating) from a sell rating to a hold rating in a research report report published on Wednesday morning.
Separately, TheStreet cut shares of QuinStreet from a c rating to a d+ rating in a research report on Thursday, August 4th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $13.50.
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Shares of QuinStreet stock opened at $11.70 on Wednesday. The company has a market capitalization of $624.58 million, a PE ratio of -129.99 and a beta of 1.02. QuinStreet has a 1-year low of $8.28 and a 1-year high of $19.02. The business has a 50-day moving average of $11.32 and a 200-day moving average of $11.03.
Institutional Investors Weigh In On QuinStreet
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Covestor Ltd bought a new stake in QuinStreet during the 4th quarter worth approximately $40,000. KBC Group NV acquired a new position in shares of QuinStreet in the 2nd quarter worth approximately $42,000. Lazard Asset Management LLC lifted its position in shares of QuinStreet by 54.2% in the 2nd quarter. Lazard Asset Management LLC now owns 6,189 shares of the technology company's stock worth $62,000 after purchasing an additional 2,175 shares during the period. Mutual of America Capital Management LLC lifted its position in shares of QuinStreet by 17.1% during the 2nd quarter. Mutual of America Capital Management LLC now owns 8,469 shares of the technology company's stock valued at $85,000 after acquiring an additional 1,237 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of QuinStreet during the 2nd quarter valued at $143,000. 90.62% of the stock is owned by institutional investors.About QuinStreet
(Get Rating)
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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