QuinStreet, Inc. (NASDAQ:QNST) Stock Has Average Target Price of $23.50 According to Analysts

Shares of QuinStreet, Inc. (NASDAQ:QNST) have received a consensus rating of “Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $23.50.

A number of equities analysts have recently weighed in on the company. Weiss Ratings downgraded QuinStreet from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Northland Securities set a $23.00 price target on shares of QuinStreet in a research report on Thursday, September 17th. Zacks Research upgraded shares of QuinStreet from a “hold” rating to a “strong-buy” rating in a report on Friday, August 28th. Lake Street Capital raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Friday, August 7th. Finally, B. Riley Financial reiterated a “buy” rating on shares of QuinStreet in a research note on Friday, August 7th.

QuinStreet Trading Up 0.1%

NASDAQ QNST opened at $14.99 on Thursday. The firm’s 50 day moving average price is $17.86 and its two-hundred day moving average price is $14.89. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.22 and a current ratio of 1.22. QuinStreet has a twelve month low of $10.28 and a twelve month high of $22.29. The stock has a market cap of $857.77 million, a price-to-earnings ratio of 10.63 and a beta of 0.74.

QuinStreet (NASDAQ:QNST) last released its earnings results on Thursday, August 6th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%.The company had revenue of $373.88 million during the quarter, compared to analyst estimates of $359.95 million. Equities analysts anticipate that QuinStreet will post 1.06 EPS for the current year.

Insider Buying and Selling at QuinStreet

In related news, CFO Gregory Wong sold 11,704 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $20.44, for a total transaction of $239,229.76. Following the completion of the sale, the chief financial officer directly owned 481,786 shares in the company, valued at approximately $9,847,705.84. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Valenti sold 751,631 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $20.50, for a total value of $15,408,435.50. Following the sale, the chief executive officer owned 996,278 shares of the company’s stock, valued at approximately $20,423,699. This represents a 43.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 829,631 shares of company stock valued at $16,999,952 in the last quarter. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Heartland Advisors Inc. acquired a new stake in QuinStreet in the first quarter valued at approximately $6,005,000. Legal & General Group Plc acquired a new position in shares of QuinStreet during the 2nd quarter worth $2,017,000. Pacer Advisors Inc. increased its stake in shares of QuinStreet by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 284,833 shares of the technology company’s stock worth $4,093,000 after purchasing an additional 80,862 shares during the last quarter. Summit Global Investments bought a new position in shares of QuinStreet during the 2nd quarter valued at $868,000. Finally, OP Asset Management Ltd bought a new position in shares of QuinStreet during the 1st quarter valued at $1,779,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

QuinStreet Company Profile

QuinStreet, Inc is a performance marketing and online marketplace company that connects consumers with brands in industries such as insurance, lending, credit cards, banking, and home services. The company operates digital media properties and uses technology, data, and analytics to help consumers compare products and services from participating providers.

QuinStreet’s platform supports customer acquisition through online inquiries, leads, clicks, calls, and other actions. Its products and services are designed to help businesses reach consumers who are actively researching or seeking financial and home-related services, while providing consumers with information and comparison options.

Founded in 1999, QuinStreet is headquartered in Foster City, California, and primarily serves the United States market.