QuinStreet (NASDAQ:QNST) Price Target Raised to $20.00

QuinStreet (NASDAQ:QNST) had its price objective boosted by Barrington Research from $16.00 to $20.00 in a report issued on Tuesday, Benzinga reports. Barrington Research currently has an outperform rating on the technology company’s stock.

A number of other equities analysts also recently issued reports on QNST. B. Riley assumed coverage on shares of QuinStreet in a report on Friday, April 19th. They set a buy rating and a $21.50 price objective on the stock. Stephens lifted their price objective on shares of QuinStreet from $17.00 to $18.00 and gave the stock an overweight rating in a report on Friday, March 15th. Finally, StockNews.com raised shares of QuinStreet to a sell rating in a report on Saturday, April 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $17.38.

QuinStreet Price Performance

NASDAQ QNST opened at $16.95 on Tuesday. The company has a fifty day simple moving average of $16.30 and a 200 day simple moving average of $13.48. QuinStreet has a 12-month low of $6.79 and a 12-month high of $17.76.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.05). The business had revenue of $122.68 million during the quarter, compared to analyst estimates of $116.46 million. QuinStreet had a negative net margin of 14.28% and a negative return on equity of 32.98%. On average, equities analysts expect that QuinStreet will post -0.43 earnings per share for the current year.

Insider Transactions at QuinStreet

In other news, CFO Gregory Wong sold 8,407 shares of QuinStreet stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $15.03, for a total transaction of $126,357.21. Following the sale, the chief financial officer now directly owns 295,204 shares in the company, valued at approximately $4,436,916.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On QuinStreet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QNST. SG Americas Securities LLC bought a new stake in QuinStreet in the 3rd quarter valued at about $127,000. SVB Wealth LLC raised its stake in QuinStreet by 44.7% in the 3rd quarter. SVB Wealth LLC now owns 162,590 shares of the technology company’s stock valued at $1,458,000 after acquiring an additional 50,229 shares during the period. Carmel Capital Partners LLC bought a new stake in QuinStreet in the 3rd quarter valued at about $34,000. Syon Capital LLC bought a new stake in QuinStreet in the 3rd quarter valued at about $105,000. Finally, Assenagon Asset Management S.A. purchased a new position in QuinStreet during the 3rd quarter valued at about $92,000. 97.83% of the stock is currently owned by institutional investors.

About QuinStreet

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.