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QuinStreet Inc (QNST) gets rating Upgrade from Craig Hallum

In a filing, QuinStreet Inc revealed its Director Huizinga Stuart unloaded Company’s shares for reported $68540.0 on Nov 29 ’24. In the deal valued at $23.00 per share,2,980 shares were sold. As a result of this transaction, Huizinga Stuart now holds 171,923 shares worth roughly $3.83 million.

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Then, Huizinga Stuart bought 2,980 shares, generating $68,540 in total proceeds.

Before that, Huizinga Stuart sold 7,020 shares. QuinStreet Inc shares valued at $162,934 were divested by the Director at a price of $23.21 per share. As a result of the transaction, Huizinga Stuart now holds 174,903 shares, worth roughly $3.89 million.

Craig Hallum upgraded its QuinStreet Inc [QNST] rating to a Buy from a a Hold in a research note published recently. B. Riley Securities also remained covering QNST and has increased its forecast on November 30, 2023 with a “Buy” recommendation from previously “Neutral” rating. Barrington Research revised its rating on October 23, 2023. It rated QNST as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of QNST

On Tuesday, QuinStreet Inc [NASDAQ:QNST] saw its stock fall -3.80% to $22.26. Over the last five days, the stock has lost -1.24%. QuinStreet Inc shares have risen nearly 73.63% since the year began. Nevertheless, the stocks have risen 76.53% over the past one year. While a 52-week high of $26.27 was reached on 11/05/24, a 52-week low of $11.22 was recorded on 01/10/24. SMA at 50 days reached $20.37, while 200 days put it at $18.11.

Levels Of Support And Resistance For QNST Stock

The 24-hour chart illustrates a support level at 21.71, which if violated will result in even more drops to 21.15. On the upside, there is a resistance level at 22.96. A further resistance level may holdings at 23.65. The Relative Strength Index (RSI) on the 14-day chart is 55.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.19%. Stochastics %K at 77.29% indicates the stock is a holding.

How much short interest is there in QuinStreet Inc?

A steep rise in short interest was recorded in QuinStreet Inc stocks on 2024-11-15, growing by 0.15 million shares to a total of 2.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.93 million shares. There was a rise of 7.37%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on August 29, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $10 price target.

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