QuinStreet (NASDAQ:QNST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

According to Zacks, “QuinStreet Inc, is a provider of online direct marketing and media services. The Company offers online messaging, email broadcasting, search engine marketing, and brand management services. It caters to education, financial services, healthcare, advertising, and tourism sectors. QuinStreet, Inc. also operates web portal which offers comprehensive consumer information service and companion insurance brokerage service to self-directed insurance shoppers. The Company vigilantly manages brand and regulatory compliance using proprietary technologies and staff. It does not support or use spyware, spam, or promotions that cheat customers. QuinStreet Inc. is headquartered in Foster City, California. “

Other equities analysts also recently issued reports about the company. BidaskClub downgraded QuinStreet from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 7th. ValuEngine upgraded QuinStreet from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Singular Research reiterated a “buy” rating on shares of QuinStreet in a research report on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $18.35.

Shares of QNST stock opened at $15.72 on Thursday. QuinStreet has a twelve month low of $12.01 and a twelve month high of $20.02. The firm has a market cap of $757.30 million, a P/E ratio of 49.13, a price-to-earnings-growth ratio of 1.38 and a beta of 0.75.

In other QuinStreet news, CEO Douglas Valenti sold 32,500 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $13.06, for a total value of $424,450.00. Following the completion of the transaction, the chief executive officer now directly owns 251,250 shares in the company, valued at $3,281,325. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.50% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of QNST. Park West Asset Management LLC raised its position in QuinStreet by 104.9% in the first quarter. Park West Asset Management LLC now owns 4,202,105 shares of the technology company’s stock valued at $56,266,000 after purchasing an additional 2,151,055 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of QuinStreet by 10,010.2% in the first quarter. Victory Capital Management Inc. now owns 1,564,560 shares of the technology company’s stock valued at $20,949,000 after buying an additional 1,549,085 shares during the period. Voya Investment Management LLC increased its stake in shares of QuinStreet by 6,630.4% in the first quarter. Voya Investment Management LLC now owns 1,206,420 shares of the technology company’s stock valued at $16,154,000 after buying an additional 1,188,495 shares during the period. Bank of America Corp DE increased its stake in shares of QuinStreet by 1,443.1% in the fourth quarter. Bank of America Corp DE now owns 1,236,293 shares of the technology company’s stock valued at $20,065,000 after buying an additional 1,156,178 shares during the period. Finally, BlackRock Inc. increased its stake in shares of QuinStreet by 13.6% in the fourth quarter. BlackRock Inc. now owns 6,438,631 shares of the technology company’s stock valued at $104,499,000 after buying an additional 770,269 shares during the period. Hedge funds and other institutional investors own 95.01% of the company’s stock.

QuinStreet Company Profile

QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

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