QuinStreet (NASDAQ:QNST) Receives Outperform Rating from Barrington Research

Barrington Research restated their outperform rating on shares of QuinStreet (NASDAQ:QNST) in a research report released on Friday morning,Benzinga reports. They currently have a $29.00 target price on the technology company’s stock.

Other equities analysts have also recently issued reports about the company. Craig Hallum boosted their target price on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Lake Street Capital upped their price objective on shares of QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. StockNews.com lowered shares of QuinStreet from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. B. Riley raised their price objective on shares of QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Stephens upped their target price on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, QuinStreet has an average rating of “Moderate Buy” and a consensus price target of $29.80.

QuinStreet Stock Performance

QNST opened at $24.10 on Friday. QuinStreet has a 1 year low of $13.75 and a 1 year high of $26.27. The stock’s 50 day simple moving average is $22.72 and its 200 day simple moving average is $20.58.

QuinStreet (NASDAQ:QNST) last issued its 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 4.16% and a negative net margin of 1.31%. Analysts expect that QuinStreet will post 0.15 EPS for the current fiscal year.

Insider Transactions at QuinStreet

In other news, CEO Douglas Valenti sold 10,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 1,836,754 shares in the company, valued at $45,955,585.08. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stuart Huizinga sold 2,980 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $23.00, for a total value of $68,540.00. Following the completion of the transaction, the director now directly owns 171,923 shares in the company, valued at $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. Insiders have sold a total of 50,000 shares of company stock valued at $1,160,574 in the last ninety days. 5.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On QuinStreet

Several large investors have recently bought and sold shares of QNST. Amundi boosted its holdings in shares of QuinStreet by 174.5% during the 4th quarter. Amundi now owns 26,713 shares of the technology company’s stock valued at $594,000 after acquiring an additional 16,982 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings 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 last quarter. Lisanti Capital Growth LLC bought a new stake in QuinStreet in the 4th quarter worth approximately $2,031,000. Victory Capital Management Inc. bought a new stake in QuinStreet in the 4th quarter worth approximately $225,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in QuinStreet during the 4th quarter valued at $206,000. 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.