QuinStreet (NASDAQ:QNST) Receives “Outperform” Rating from Barrington Research

QuinStreet (NASDAQ:QNST)‘s stock had its “outperform” rating reiterated by stock analysts at Barrington Research in a report released on Friday,Benzinga reports. They currently have a $29.00 price objective on the technology company’s stock. Barrington Research’s target price points to a potential upside of 15.22% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Stephens lifted their price objective 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. B. Riley raised their price objective on QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Craig Hallum raised their price objective on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. StockNews.com cut QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Finally, Lake Street Capital raised their target price on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, QuinStreet currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

QuinStreet Price Performance

Shares of QuinStreet stock opened at $25.17 on Friday. QuinStreet has a 1 year low of $12.59 and a 1 year high of $26.27. The firm’s 50-day moving average is $22.67 and its two-hundred day moving average is $20.55. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -62.93 and a beta of 1.06.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. On average, equities analysts expect that QuinStreet will post 0.15 earnings per share for the current year.

Insider Buying and Selling at QuinStreet

In other QuinStreet news, Director Matthew Glickman sold 30,000 shares of QuinStreet stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total transaction 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. This trade represents a 20.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stuart Huizinga sold 7,020 shares of QuinStreet stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $23.21, for a total value of $162,934.20. Following the transaction, the director now owns 174,903 shares of the company’s stock, valued at $4,059,498.63. The trade was a 3.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,000 shares of company stock worth $910,374. Insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On QuinStreet

Institutional investors have recently modified their holdings of the business. US Bancorp DE grew its position 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 period. Quantbot Technologies LP acquired a new stake in shares of QuinStreet during the 3rd quarter valued at about $29,000. Arcadia Investment Management Corp MI acquired a new stake in shares of QuinStreet during the 4th quarter valued at about $38,000. KBC Group NV grew its position in shares of QuinStreet by 64.5% during the 4th 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 period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of QuinStreet during the 4th quarter valued at about $112,000. 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.