QuinStreet (NASDAQ:QNST) Price Target Raised to $20.00

QuinStreet (NASDAQ:QNST) had its target price increased by research analysts at Barrington Research from $16.00 to $20.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Barrington Research’s target price points to a potential upside of 13.31% from the company’s previous close.

Other research analysts have also issued reports about the stock. Stephens raised their price objective on shares of QuinStreet from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. B. Riley initiated coverage on QuinStreet in a report on Friday, April 19th. They issued a “buy” rating and a $21.50 price objective for the company. Finally, StockNews.com upgraded QuinStreet to a “sell” rating in a report on Saturday, April 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.38.

QuinStreet Trading Up 2.3 %

NASDAQ:QNST opened at $17.65 on Tuesday. QuinStreet has a 1-year low of $6.79 and a 1-year high of $17.76. The business’s 50-day moving average price is $16.27 and its two-hundred day moving average price is $13.45. The firm has a market capitalization of $968.81 million, a price-to-earnings ratio of -12.26 and a beta of 1.14.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.05). QuinStreet had a negative return on equity of 32.98% and a negative net margin of 14.28%. The firm had revenue of $122.68 million for the quarter, compared to analyst estimates of $116.46 million. Sell-side analysts predict that QuinStreet will post -0.41 earnings per share for the current year.

Insider Buying and Selling at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,407 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $15.03, for a total value of $126,357.21. Following the completion of the sale, the chief financial officer now owns 295,204 shares in the company, valued at approximately $4,436,916.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Private Capital Management LLC boosted its position in shares of QuinStreet by 1.4% in the 4th quarter. Private Capital Management LLC now owns 4,503,159 shares of the technology company’s stock worth $57,730,000 after buying an additional 62,095 shares in the last quarter. Vanguard Group Inc. lifted its stake in QuinStreet by 1.2% during the third quarter. Vanguard Group Inc. now owns 3,638,715 shares of the technology company’s stock worth $32,639,000 after purchasing an additional 41,801 shares during the last quarter. William Blair Investment Management LLC increased its position in QuinStreet by 2.9% in the third quarter. William Blair Investment Management LLC now owns 2,182,365 shares of the technology company’s stock worth $19,576,000 after buying an additional 61,717 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of QuinStreet by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,866,930 shares of the technology company’s stock valued at $23,934,000 after purchasing an additional 114,980 shares during the period. Finally, FMR LLC grew its holdings in QuinStreet by 46.8% during the third quarter. FMR LLC now owns 1,814,168 shares of the technology company’s stock worth $16,273,000 after acquiring an additional 578,228 shares during the period. 97.83% of the stock is currently owned by institutional investors and hedge funds.

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.