QuinStreet, Inc. (NASDAQ:QNST) Receives $29.80 Consensus PT from Brokerages

Shares of QuinStreet, Inc. (NASDAQ:QNST) have received a consensus recommendation of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat Ratings reports. One investment 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 analysts that have issued a report on the stock in the last year is $29.80.

A number of analysts have commented on the company. Lake Street Capital upped their price target on QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. B. Riley reissued a “buy” rating and issued a $34.00 target price (up from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Barrington Research reaffirmed an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a report on Wednesday, March 26th. Finally, StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th.

Insider Buying and Selling at QuinStreet

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

Hedge Funds Weigh In On QuinStreet

A number of institutional investors and hedge funds have recently made changes to their positions in the business. 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 valued at $92,327,000 after acquiring an additional 26,169 shares during the last quarter. Driehaus Capital Management LLC increased its position in QuinStreet by 28.4% during the fourth quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company’s stock valued at $64,312,000 after acquiring an additional 617,216 shares during the last quarter. FMR LLC raised its stake in shares of QuinStreet by 5.2% in the third quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock valued at $42,724,000 after acquiring an additional 109,892 shares during the period. American Century Companies Inc. lifted its holdings in shares of QuinStreet by 9.9% in the 4th quarter. American Century Companies Inc. now owns 2,228,568 shares of the technology company’s stock worth $51,413,000 after acquiring an additional 201,052 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of QuinStreet by 2.1% during the 3rd quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock worth $38,068,000 after purchasing an additional 41,538 shares during the period. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Trading Down 4.8 %

QNST opened at $15.55 on Friday. The company’s 50 day moving average is $20.29 and its 200 day moving average is $20.88. The company has a market cap of $878.09 million, a price-to-earnings ratio of -70.68 and a beta of 0.91. QuinStreet has a 12-month low of $15.20 and a 12-month high of $26.27.

QuinStreet (NASDAQ:QNST) last issued 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 return on equity of 4.13% and a negative net margin of 1.31%. As a group, analysts predict that QuinStreet will post 0.12 EPS for the current fiscal 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.