QuinStreet, Inc. (NASDAQ:QNST) Receives Average Recommendation of “Moderate Buy” from Brokerages

QuinStreet, Inc. (NASDAQ:QNST) has received an average rating of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $29.00.

QNST has been the subject of a number of analyst reports. Lake Street Capital upped their price target on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Stephens increased their target price on shares of QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Craig Hallum lifted their price target on shares of QuinStreet from $25.00 to $32.00 and gave the company a “buy” 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 research note on Friday, December 6th. Finally, B. Riley lifted their target price on shares of QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th.

Insider Buying and Selling at QuinStreet

In other news, Director Matthew Glickman sold 30,000 shares of QuinStreet 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 completion of the transaction, the director now owns 113,140 shares in the company, valued at approximately $2,560,358.20. The trade was a 20.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stuart Huizinga sold 2,980 shares of the stock in a transaction 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 sale, the director now owns 171,923 shares in the company, valued at $3,954,229. The trade was a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,000 shares of company stock worth $910,374 in the last quarter. 5.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC boosted its stake in shares of QuinStreet by 1.8% during the 4th quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company’s stock worth $601,000 after purchasing an additional 459 shares during the period. Kings Path Partners LLC boosted its position in shares of QuinStreet by 111.6% during the fourth quarter. Kings Path Partners LLC now owns 28,700 shares of the technology company’s stock valued at $662,000 after buying an additional 15,138 shares during the period. JPMorgan Chase & Co. grew its stake in shares of QuinStreet by 39.7% during the third quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company’s stock valued at $8,601,000 after buying an additional 127,689 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of QuinStreet by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company’s stock worth $24,315,000 after buying an additional 36,963 shares during the period. Finally, Barclays PLC lifted its stake in shares of QuinStreet by 149.7% during the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company’s stock worth $2,436,000 after acquiring an additional 76,389 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

QuinStreet Stock Up 1.2 %

NASDAQ QNST opened at $22.50 on Tuesday. The company has a 50-day moving average price of $22.28 and a 200-day moving average price of $20.02. QuinStreet has a 52 week low of $11.49 and a 52 week high of $26.27. The firm has a market capitalization of $1.27 billion, a P/E ratio of -56.25 and a beta of 1.07.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.07. The business had revenue of $279.22 million for the quarter, compared to the consensus estimate of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The company’s quarterly revenue was up 125.3% on a year-over-year basis. During the same period last year, the firm earned ($0.19) earnings per share. As a group, equities research analysts anticipate that QuinStreet will post 0.16 EPS for the current 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.