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

Shares of QuinStreet, Inc. (NASDAQ:QNST) have earned a consensus rating of “Moderate Buy” from the five research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $29.80.

Several research firms recently commented on QNST. B. Riley reiterated a “buy” rating and issued a $34.00 price objective (up from $32.00) on shares of QuinStreet in a report on Friday, February 7th. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Lake Street Capital increased their price objective on shares of QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Friday, February 7th. Finally, Barrington Research restated an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a report on Wednesday.

Insider Buying and Selling

In other QuinStreet news, CEO Douglas Valenti sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total transaction of $250,200.00. Following the sale, the chief executive officer now directly owns 1,836,754 shares of the company’s stock, valued at $45,955,585.08. The trade was a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Gregory Wong sold 8,516 shares of QuinStreet stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total value of $194,846.08. Following the completion of the transaction, the chief financial officer now owns 337,031 shares of the company’s stock, valued at approximately $7,711,269.28. This trade represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of QuinStreet by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,002,030 shares of the technology company’s stock worth $92,327,000 after acquiring an additional 26,169 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in QuinStreet by 28.4% in the fourth quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company’s stock worth $64,312,000 after purchasing an additional 617,216 shares during the last quarter. FMR LLC lifted its stake in QuinStreet by 5.2% in the third quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock worth $42,724,000 after purchasing an additional 109,892 shares during the last quarter. American Century Companies Inc. boosted its position in shares of QuinStreet by 9.9% during the fourth quarter. American Century Companies Inc. now owns 2,228,568 shares of the technology company’s stock valued at $51,413,000 after buying an additional 201,052 shares during the period. Finally, State Street Corp grew its stake in shares of QuinStreet by 2.1% during the third quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock valued at $38,068,000 after buying an additional 41,538 shares during the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Stock Down 4.1 %

Shares of QNST opened at $17.92 on Friday. The stock has a market cap of $1.01 billion, a P/E ratio of -81.45 and a beta of 1.13. The business’s 50 day moving average price is $20.80 and its 200-day moving average price is $20.95. QuinStreet has a 52 week low of $15.20 and a 52 week high of $26.27.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. On average, equities analysts anticipate that QuinStreet will post 0.12 EPS 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.