Craig Hallum has recently raised QuinStreet Inc (QNST) stock to Buy rating, as announced on June 18, 2024, according to Finviz. Earlier, on April 19, 2024, B. Riley Securities had resumed the stock to Buy, setting a price target of $21.50. B. Riley Securities also raised Buy rating with a price target of $19. Additionally, Barrington Research raised Outperform rating on October 23, 2023, with a target price of $14. B. Riley Securities analysts, in their report published on August 29, 2023, also initiated Neutral rating for QuinStreet Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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QuinStreet Inc (QNST) Stock Trading Recap
On Tuesday, QuinStreet Inc (QNST) stock saw a modest uptick, ending the day at $21.32 which represents a slight increase of $1.12 or 5.54% from the prior close of $20.2. The stock opened at $26 and touched a low of $19.37 during the day, reaching a high of $26.27. The volume of shares traded was 3.11 million exceeding the average volume of 0.41 million.
QNST Stock Performance and Moving Averages
In recent trading, QuinStreet Inc (QNST) stock price has shown some volatility, fluctuating 10.70% over the last five trades and 13.89% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 9.73%, and it has gained 16.12% in the previous three months. Currently, QNST is trading at 9.87%, 10.63%, and 23.27% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, QNST, a Communication Services sector stock, is trading -2.60% below its 52-week high but remains 104.80% above its 52-week low. The Average True Range (ATR) (14 days) of 1.35 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
QuinStreet Inc’s Profitability and Valuation Ratios
QuinStreet Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -2.52% and a profit margin of -2.88%, with a gross margin of 9.73%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, QuinStreet Inc’s market capitalization stands at $1.20 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 19.69. Additionally, the Price-to-Sales Ratio is 1.56, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 5.45, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 6.08% of QuinStreet Inc (QNST)’s shares, while financial institutions hold 90.33%.
Notable insider trades include Wong Gregory, CFO at QuinStreet Inc (QNST), who sold 41855 shares on Sep 12 ’24, at $18.66 each, totaling $0.78 million. On Feb 20 ’24, Wong Gregory, CFO, sold 8407 shares for $15.03 each, amounting to $0.13 million. Additionally, on Dec 15 ’23, Wong Gregory sold 25865 shares at $12.85 each, generating $0.33 million.
