QuinStreet’s (QNST) Outperform Rating Reaffirmed at Barrington Research

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

A number of other brokerages have also recently issued reports on QNST. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Lake Street Capital boosted their price objective on shares of QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a report on Friday, February 7th. Finally, B. Riley restated a “buy” rating and set a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.80.

QuinStreet Trading Down 0.4 %

QNST stock opened at $18.68 on Wednesday. QuinStreet has a 1-year low of $15.20 and a 1-year high of $26.27. The business’s 50 day simple moving average is $20.89 and its 200 day simple moving average is $20.94. The firm has a market capitalization of $1.05 billion, a PE ratio of -84.91 and a beta of 1.13.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. As a group, sell-side analysts predict that QuinStreet will post 0.12 EPS for the current fiscal year.

Insider Activity

In related news, CFO Gregory Wong sold 8,516 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total transaction of $194,846.08. Following the sale, the chief financial officer now owns 337,031 shares in the company, valued at $7,711,269.28. The trade was a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $250,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,836,754 shares of the company’s stock, valued at approximately $45,955,585.08. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On QuinStreet

Hedge funds have recently added to or reduced their stakes in the business. Driehaus Capital Management LLC raised its stake in shares of QuinStreet by 28.4% during the fourth quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company’s stock valued at $64,312,000 after acquiring an additional 617,216 shares during the last quarter. Invesco Ltd. grew its position in shares of QuinStreet by 177.8% in the 4th quarter. Invesco Ltd. now owns 946,108 shares of the technology company’s stock valued at $21,827,000 after buying an additional 605,500 shares during the last quarter. G2 Investment Partners Management LLC acquired a new stake in shares of QuinStreet in the fourth quarter valued at about $7,203,000. BNP Paribas Financial Markets raised its position in shares of QuinStreet by 537.4% during the fourth quarter. BNP Paribas Financial Markets now owns 332,763 shares of the technology company’s stock worth $7,677,000 after acquiring an additional 280,554 shares during the last quarter. Finally, Oberweis Asset Management Inc. bought a new position in QuinStreet during the 4th quarter worth approximately $5,191,000. 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.