QuinStreet, Inc. (NASDAQ:QNST) Receives $29.80 Average Target Price from Analysts

QuinStreet, Inc. (NASDAQ:QNST) has earned an average rating of “Moderate Buy” from the five research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $29.80.

Several research analysts recently weighed in on the stock. Craig Hallum boosted their target price on shares of QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Barrington Research reissued an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a research report on Friday, February 7th. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday. Lake Street Capital lifted their target price on shares of QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Finally, B. Riley reiterated a “buy” rating and issued a $34.00 price target (up from $32.00) on shares of QuinStreet in a report on Friday, February 7th.

QuinStreet Price Performance

Shares of QNST opened at $22.96 on Friday. QuinStreet has a 1-year low of $14.14 and a 1-year high of $26.27. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -104.36 and a beta of 1.06. The firm has a 50 day simple moving average of $22.76 and a 200-day simple moving average of $20.70.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.16% and a negative net margin of 1.31%. On average, equities analysts expect that QuinStreet will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Stuart Huizinga sold 2,980 shares of QuinStreet 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 transaction, the director now directly owns 171,923 shares of the company’s stock, valued at $3,954,229. The trade was a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas Valenti sold 10,000 shares of the stock in a transaction that occurred on 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 directly owns 1,836,754 shares of the company’s stock, valued at approximately $45,955,585.08. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,000 shares of company stock valued at $481,674. Insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue increased its position in shares of QuinStreet by 1.4% in the fourth quarter. State of Alaska Department of Revenue now owns 31,976 shares of the technology company’s stock worth $737,000 after acquiring an additional 432 shares in the last quarter. SG Americas Securities LLC boosted its position in QuinStreet by 1.8% during the 4th quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company’s stock worth $601,000 after purchasing an additional 459 shares during the period. Louisiana State Employees Retirement System increased its holdings in QuinStreet by 1.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 27,200 shares of the technology company’s stock valued at $628,000 after purchasing an additional 500 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in QuinStreet by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock valued at $341,000 after purchasing an additional 719 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in QuinStreet by 43.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,162 shares during the period. 97.83% of the stock is 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.