QuinStreet (NASDAQ:QNST) Sets New 52-Week Low – Should You Sell?

Shares of QuinStreet, Inc. (NASDAQ:QNST) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $10.61 and last traded at $10.7230, with a volume of 367120 shares traded. The stock had previously closed at $11.74.

Analysts Set New Price Targets

Several brokerages recently weighed in on QNST. Weiss Ratings upgraded QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Barrington Research reissued an “outperform” rating and issued a $24.00 target price on shares of QuinStreet in a research note on Friday, February 6th. Lake Street Capital set a $15.00 target price on QuinStreet in a report on Friday, February 6th. Finally, B. Riley Financial upped their price target on QuinStreet from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.00.

QuinStreet Trading Down 7.5%

The firm’s fifty day simple moving average is $14.20 and its two-hundred day simple moving average is $14.79. The company has a market capitalization of $618.74 million, a price-to-earnings ratio of 9.98 and a beta of 0.70.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, February 5th. The technology company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. The firm had revenue of $287.85 million for the quarter, compared to analyst estimates of $275.07 million. QuinStreet had a net margin of 5.64% and a return on equity of 9.55%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 EPS. As a group, analysts forecast that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On QuinStreet

Hedge funds have recently modified their holdings of the business. Nordea Investment Management AB purchased a new position in QuinStreet during the second quarter worth about $3,439,000. Arrowstreet Capital Limited Partnership raised its stake in shares of QuinStreet by 58.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 708,367 shares of the technology company’s stock valued at $11,405,000 after acquiring an additional 261,802 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in shares of QuinStreet by 113.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 137,123 shares of the technology company’s stock worth $2,121,000 after acquiring an additional 73,021 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of QuinStreet by 35.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 247,885 shares of the technology company’s stock worth $3,991,000 after purchasing an additional 64,707 shares during the period. Finally, Geode Capital Management LLC increased its holdings in QuinStreet by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,361,252 shares of the technology company’s stock valued at $21,918,000 after purchasing an additional 29,783 shares during the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

QuinStreet Company Profile

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.