QuinStreet (NASDAQ:QNST) Downgraded by Zacks Investment Research to Sell

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QuinStreet stock has undergone multiple analysts rating changes in the recent past.  QuinStreet Downgraded by Zacks Investment Research on 10/23/2021. In a note to investors, the firm issued a new rating of Sell. The analysts previously had rating of Hold.

Shares of QuinStreet traded down -$0.47 on Friday, reaching $14.83. 429053 shares of the stock traded hands, compared to its average volume of 277939. Shares of QuinStreet were trading at $14.83 on Friday. The firm’s 50 day moving average is $17.49 and its 200 day moving average is $19.50.QuinStreet has a 12 month low of $14.80 and a 12 month high of $25.99. While on yearly highs and lows, QuinStreet’s today has traded high as $15.39 and has touched $14.80 on the downward trend. See More Analyst Rating at: RATING

QuinStreet Earnings and What to expect: 

QuinStreet last released its quarterly earnings results on August 4th, 2021. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.13. The firm had revenue of $151.20 million for the quarter, compared to the consensus estimate of $142.36 million. Its quarterly revenue was up 29.3% on a year-over-year basis. QuinStreet has generated $0.43 earnings per share over the last year ($0.44 diluted earnings per share) and currently has a price-to-earnings ratio of 33.7. Earnings for QuinStreet are expected to grow by 32.43% in the coming year, from $0.37 to $0.49 per share. QuinStreet has confirmed that its next quarterly earnings report will be published on Wednesday, November 3rd, 2021. QuinStreet will be holding an earnings conference call on Wednesday, November 3rd at 5:00 PM Eastern. Interested parties can or dial in at 719-457-0820 with passcode “5800057”.

Earnings for QuinStreet are expected to grow by 32.43% in the coming year, from $0.37 to $0.49 per share. The P/E ratio of QuinStreet is 33.71, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.18. The P/E ratio of QuinStreet is 33.71, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 42.10. QuinStreet has a P/B Ratio of 2.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

QuinStreet (NASDAQ:QNST) Moving Average Technical Analysis

5 day Moving Average is $15.51 And 5 day price change is -$2.20 (-12.92%)  with average volume for 5 day average is 517,200. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $17.02 and 20 day price change is -$3.16 (-17.57%) and average 20 day moving volume is 265,965. 50 day moving average is $17.49  and 50 day price change is -$2.19 ( -12.87%)  and with average volume for 50 days is : 266,868. 200 day moving average is $19.50  and 200 day price change is -$7.46 (-33.47%)  and with average volume for 200 days is : 289,419.

Other owners latest trading in QuinStreet :

  • On 10/22/2021 shares held by Strs Ohio were 18,100 which equates to market value of $0.32M and appx 0.00% owners of QuinStreet
  • On 10/21/2021 shares held by Hillsdale Investment Management Inc. were 43,500 which equates to market value of $0.76M and appx 0.10% owners of QuinStreet
  • On 10/19/2021 shares held by Assenagon Asset Management S.A. were 398,247 which equates to market value of $6.99M and appx 0.00% owners of QuinStreet
  • In total Institutional ownership equates to Institutional Ownership Percentage: 88.06% for QuinStreet

See More Analyst Rating at: RATING