QuinStreet, Inc. (NASDAQ:QNST) Receives $29.80 Consensus Target Price from Analysts

QuinStreet, Inc. (NASDAQ:QNST) has been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $29.80.

Several research analysts recently weighed in on the stock. Lake Street Capital boosted their target price on shares of QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Stephens upped their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. B. Riley reaffirmed a “buy” rating and issued a $34.00 target price (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Barrington Research reiterated an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a research note on Friday, February 7th.

Insider Buying and Selling

In related news, CEO Douglas Valenti sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total transaction of $250,200.00. Following the completion of the sale, the chief executive officer now owns 1,836,754 shares of the company’s stock, valued at approximately $45,955,585.08. This represents a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 directly owns 171,923 shares in the company, valued at approximately $3,954,229. This trade represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,000 shares of company stock valued at $481,674. 5.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QuinStreet

A number of hedge funds have recently made changes to their positions in QNST. The Manufacturers Life Insurance Company increased its holdings in QuinStreet by 3.6% in the 2nd 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. SG Americas Securities LLC acquired a new stake in shares of QuinStreet in the third quarter valued at about $490,000. Kings Path Partners LLC purchased a new stake in shares of QuinStreet during the 3rd quarter valued at about $259,000. Inspire Investing LLC acquired a new position in QuinStreet during the 3rd quarter worth approximately $817,000. Finally, Everence Capital Management Inc. purchased a new position in QuinStreet in the 3rd quarter worth approximately $303,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

QuinStreet Price Performance

QNST stock opened at $22.64 on Friday. The company’s 50 day simple moving average is $22.79 and its 200-day simple moving average is $20.74. QuinStreet has a 12 month low of $14.14 and a 12 month high of $26.27. The firm has a market capitalization of $1.27 billion, a PE ratio of -102.91 and a beta of 1.06.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.16%. As a group, sell-side analysts anticipate that QuinStreet will post 0.15 earnings per share for the current year.

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.