QuinStreet, Inc. (QNST) Draws Bullish Attention After Forming Wedge Up Pattern

March 14, 2018 - By Louis Casey

Investors sentiment increased to 1.62 in Q3 2017. Its up 0.17, from 1.45 in 2017Q2. It is positive, as 10 investors sold QuinStreet, Inc. shares while 24 reduced holdings. 20 funds opened positions while 35 raised stakes. 28.88 million shares or 1.55% more from 28.44 million shares in 2017Q2 were reported.
Power Corporation Of Canada holds 543,293 shares. Nationwide Fund Advisors stated it has 103,603 shares or 0% of all its holdings. Wells Fargo And Mn owns 41,870 shares. State Street reported 770,835 shares or 0% of all its holdings. California-based Stepstone L P has invested 1.31% in QuinStreet, Inc. (NASDAQ:QNST). Vanguard Gp invested in 0% or 2.00M shares. Creative Planning reported 0% stake. Commercial Bank Of New York Mellon Corporation accumulated 404,367 shares. Tiaa Cref Investment Mngmt Ltd reported 0% in QuinStreet, Inc. (NASDAQ:QNST). Thrivent For Lutherans owns 21,520 shares or 0% of their US portfolio. Cornerstone Capital Ltd Liability invested 0% of its portfolio in QuinStreet, Inc. (NASDAQ:QNST). Parametric Portfolio Ltd Liability invested in 71,661 shares. Barrow Hanley Mewhinney & Strauss Ltd Co reported 48,116 shares. Moreover, Private Capital Management Ltd Liability Corporation has 6.06% invested in QuinStreet, Inc. (NASDAQ:QNST) for 5.41 million shares. Moreover, California Pub Employees Retirement Systems has 0% invested in QuinStreet, Inc. (NASDAQ:QNST).

Since December 15, 2017, it had 0 insider buys, and 4 sales for $7.55 million activity. Valenti Douglas sold $625,995 worth of QuinStreet, Inc. (NASDAQ:QNST) on Friday, February 16.

The stock of QuinStreet, Inc. (QNST) formed an up wedge with $13.88 target or 3.00 % above today’s $13.48 share price. The 5 months wedge indicates low risk for the $623.24 million company. If the $13.88 price target is reached, the company will be worth $18.70M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.37% or $0.05 during the last trading session, reaching $13.48. About 30,297 shares traded. QuinStreet, Inc. (NASDAQ:QNST) has risen 18.51% since March 14, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Analysts await QuinStreet, Inc. (NASDAQ:QNST) to report earnings on May, 8. They expect $0.05 earnings per share, up 66.67 % or $0.02 from last year’s $0.03 per share. QNST’s profit will be $2.31M for 67.40 P/E if the $0.05 EPS becomes a reality. After $0.04 actual earnings per share reported by QuinStreet, Inc. for the previous quarter, Wall Street now forecasts 25.00 % EPS growth.

QuinStreet, Inc. (NASDAQ:QNST) Ratings Coverage

Among 2 analysts covering QuinStreet (NASDAQ:QNST), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. QuinStreet had 2 analyst reports since November 28, 2017 according to SRatingsIntel. The rating was maintained by Stephens on Thursday, February 1 with “Buy”.

Another recent and important QuinStreet, Inc. (NASDAQ:QNST) news was published by Prnewswire.com which published an article titled: “Internet Stocks’ Research Reports Released on NetEase, QuinStreet, Renren, and …” on February 28, 2018.

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