Barrington Research Reaffirms “Outperform” Rating for QuinStreet (NASDAQ:QNST)

QuinStreet (NASDAQ:QNST)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $29.00 price objective on the technology company’s stock. Barrington Research’s target price suggests a potential upside of 55.25% from the company’s previous close.

QNST has been the topic of a number of other reports. B. Riley reiterated a “buy” rating and issued a $34.00 price objective (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Lake Street Capital raised their price target on QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a report on Friday, February 7th. Finally, StockNews.com raised QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, QuinStreet has an average rating of “Moderate Buy” and an average target price of $29.80.

QuinStreet Stock Down 0.4 %

Shares of NASDAQ QNST opened at $18.68 on Wednesday. QuinStreet has a 12-month low of $15.20 and a 12-month high of $26.27. The firm’s 50-day simple moving average is $20.89 and its 200 day simple moving average is $20.94. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -84.91 and a beta of 1.13.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. On average, equities analysts expect that QuinStreet will post 0.12 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Douglas Valenti sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total transaction of $250,200.00. Following the sale, the chief executive officer now owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Gregory Wong sold 8,516 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total value of $194,846.08. Following the transaction, the chief financial officer now directly owns 337,031 shares of the company’s stock, valued at $7,711,269.28. This trade represents a 2.46 % 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.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in shares of QuinStreet in the 3rd quarter valued at approximately $29,000. Arcadia Investment Management Corp MI bought a new stake in QuinStreet during the fourth quarter worth $38,000. KBC Group NV lifted its stake in QuinStreet by 64.5% in the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock valued at $82,000 after acquiring an additional 1,396 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of QuinStreet by 43.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock valued at $88,000 after acquiring an additional 1,162 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of QuinStreet in the 4th quarter valued at about $112,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

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.