QuinStreet, Inc. (NASDAQ:QNST) Receives $29.00 Average PT from Analysts

QuinStreet, Inc. (NASDAQ:QNST) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are covering the stock, MarketBeat.com reports. One equities research 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 a report on the stock in the last year is $29.00.

A number of brokerages have recently issued reports on QNST. Lake Street Capital boosted their target price on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Stephens raised their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. B. Riley boosted 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. Finally, Craig Hallum upped their price target on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th.

Insider Activity

In other news, Director Matthew Glickman sold 30,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the transaction, the director now owns 113,140 shares in the company, valued at $2,560,358.20. This represents a 20.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stuart Huizinga sold 7,020 shares of QuinStreet stock in a transaction on Monday, November 25th. The shares were sold at an average price of $23.21, for a total transaction of $162,934.20. Following the completion of the sale, the director now directly owns 174,903 shares of the company’s stock, valued at approximately $4,059,498.63. The trade was a 3.86 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

Institutional Trading of QuinStreet

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE increased its holdings in shares of QuinStreet by 880.3% during the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after acquiring an additional 1,250 shares during the last quarter. Quantbot Technologies LP bought a new stake in QuinStreet during the third quarter worth approximately $29,000. Quarry LP grew its holdings in QuinStreet by 11,330.0% during the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,266 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of QuinStreet in the second quarter worth $175,000. Finally, ProShare Advisors LLC bought a new stake in shares of QuinStreet during the 1st quarter worth $188,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

QuinStreet Stock Down 0.0 %

NASDAQ:QNST opened at $22.78 on Monday. The business’s 50-day moving average price is $20.20 and its 200 day moving average price is $18.56. QuinStreet has a 52-week low of $11.02 and a 52-week high of $26.27. The firm has a market cap of $1.28 billion, a P/E ratio of -56.95 and a beta of 1.09.

QuinStreet (NASDAQ:QNST) last released its earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 125.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.19) EPS. Sell-side analysts expect that QuinStreet will post 0.15 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.