B. Riley Reiterates Buy Rating for QuinStreet (NASDAQ:QNST)

QuinStreet (NASDAQ:QNST)‘s stock had its “buy” rating reaffirmed by equities researchers at B. Riley in a research note issued to investors on Friday,Benzinga reports. They currently have a $34.00 price target on the technology company’s stock, up from their prior price target of $32.00. B. Riley’s target price would suggest a potential upside of 42.65% from the stock’s current price.

Other analysts have also issued reports about the company. Craig Hallum boosted their price objective on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Lake Street Capital boosted their price objective on QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Barrington Research reissued an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a report on Friday. Stephens boosted their price objective on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, StockNews.com lowered QuinStreet from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.40.

QuinStreet Stock Performance

Shares of NASDAQ:QNST traded down $1.34 during trading on Friday, hitting $23.83. The company’s stock had a trading volume of 837,381 shares, compared to its average volume of 468,988. QuinStreet has a fifty-two week low of $13.75 and a fifty-two week high of $26.27. The stock’s 50-day moving average price is $22.72 and its two-hundred day moving average price is $20.58. The company has a market capitalization of $1.34 billion, a PE ratio of -59.53 and a beta of 1.06.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. On average, equities analysts predict that QuinStreet will post 0.15 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Stuart Huizinga sold 7,020 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $23.21, for a total transaction of $162,934.20. Following the completion of the transaction, the director now directly owns 174,903 shares in the company, valued at approximately $4,059,498.63. The trade was a 3.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Matthew Glickman sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total value of $678,900.00. Following the transaction, the director now owns 113,140 shares of the company’s stock, valued at approximately $2,560,358.20. This represents a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,000 shares of company stock valued at $910,374. 5.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On QuinStreet

Several hedge funds and other institutional investors have recently made changes to their positions in QNST. US Bancorp DE boosted its position in shares of QuinStreet by 880.3% during the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after buying an additional 1,250 shares during the period. Quantbot Technologies LP acquired a new stake in QuinStreet in the third quarter worth approximately $29,000. Arcadia Investment Management Corp MI acquired a new stake in QuinStreet in the fourth quarter worth approximately $38,000. KBC Group NV lifted its position in QuinStreet by 64.5% in the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock worth $82,000 after purchasing an additional 1,396 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in QuinStreet by 43.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock worth $88,000 after purchasing an additional 1,162 shares during the period. 97.83% of the stock is currently owned by institutional investors and hedge funds.

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.