QuinStreet, Inc. (NASDAQ:QNST) Given Average Recommendation of “Moderate Buy” by Analysts

QuinStreet, Inc. (NASDAQ:QNST) has been given an average rating of “Moderate Buy” by the five research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $29.00.

A number of analysts have recently weighed in on the company. Lake Street Capital increased their price objective on QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Barrington Research reissued an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a report on Friday, December 6th. Craig Hallum upped their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com cut QuinStreet from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Finally, Stephens upped their price target on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th.

QuinStreet Stock Performance

QNST stock opened at $24.70 on Friday. The firm has a market cap of $1.39 billion, a P/E ratio of -61.75 and a beta of 1.07. The firm’s fifty day moving average is $21.40 and its 200 day moving average is $19.17. QuinStreet has a 52 week low of $11.22 and a 52 week high of $26.27.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.15 by $0.07. The firm had revenue of $279.22 million for the quarter, compared to the consensus estimate of $222.68 million. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The company’s quarterly revenue was up 125.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.19) earnings per share. As a group, analysts forecast that QuinStreet will post 0.15 EPS for the current year.

Insider Buying and Selling at QuinStreet

In related news, Director Matthew Glickman sold 30,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the sale, the director now owns 113,140 shares of the company’s stock, valued at $2,560,358.20. The trade was a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stuart Huizinga sold 2,980 shares of QuinStreet stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $23.00, for a total transaction of $68,540.00. Following the transaction, the director now owns 171,923 shares of the company’s stock, valued at $3,954,229. The trade was a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,000 shares of company stock valued at $910,374. 5.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System lifted its stake in QuinStreet by 2.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock valued at $438,000 after acquiring an additional 600 shares during the period. State of Alaska Department of Revenue raised its position in QuinStreet by 2.3% in the third quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company’s stock worth $603,000 after acquiring an additional 712 shares during the period. The Manufacturers Life Insurance Company lifted its position in QuinStreet by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock valued at $341,000 after purchasing an additional 719 shares in the last quarter. US Bancorp DE lifted its position in shares of QuinStreet by 880.3% during the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after buying an additional 1,250 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of QuinStreet during the 3rd quarter valued at approximately $29,000. Institutional investors own 97.83% of the company’s stock.

QuinStreet Company Profile

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.