QuinStreet, Inc. (NASDAQ:QNST) Receives $29.00 Average Price Target from Brokerages

QuinStreet, Inc. (NASDAQ:QNST) has received an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $29.00.

A number of brokerages have recently commented on QNST. StockNews.com downgraded QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Barrington Research restated an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a report on Friday, December 6th. B. Riley increased their price objective on shares of QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Craig Hallum raised their target price on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Stephens upped their price target on shares of QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th.

QuinStreet Trading Up 0.7 %

NASDAQ:QNST opened at $21.44 on Friday. QuinStreet has a 12-month low of $11.22 and a 12-month high of $26.27. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -53.60 and a beta of 1.07. The company’s 50-day moving average is $21.19 and its two-hundred day moving average is $19.06.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. The firm had revenue of $279.22 million for the quarter, compared to analyst estimates of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. QuinStreet’s revenue was up 125.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.19) earnings per share. On average, equities research analysts forecast that QuinStreet will post 0.15 earnings per share for the current fiscal year.

Insider Activity at QuinStreet

In other news, Director Stuart Huizinga sold 2,980 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $23.00, for a total value of $68,540.00. Following the completion of the sale, the director now owns 171,923 shares of the company’s stock, valued at $3,954,229. This represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew Glickman sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total value of $678,900.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,000 shares of company stock worth $910,374. Company insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System lifted its stake in shares of QuinStreet by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock worth $438,000 after acquiring an additional 600 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in QuinStreet by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 394,775 shares of the technology company’s stock worth $6,549,000 after purchasing an additional 9,537 shares during the last quarter. Rhumbline Advisers raised its position in shares of QuinStreet by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 156,530 shares of the technology company’s stock valued at $2,597,000 after purchasing an additional 1,652 shares in the last quarter. Roubaix Capital LLC boosted its stake in shares of QuinStreet by 28.3% during the 2nd quarter. Roubaix Capital LLC now owns 129,315 shares of the technology company’s stock valued at $2,145,000 after buying an additional 28,547 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of QuinStreet during the second quarter worth approximately $175,000. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

About QuinStreet

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.