QuinStreet’s (QNST) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of QuinStreet (NASDAQ:QNST) in a research report sent to investors on Friday,Benzinga reports. The firm currently has a $29.00 price target on the technology company’s stock.

Several other analysts have also recently commented on QNST. B. Riley lifted their price target on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. 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 report on Tuesday, November 5th. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, December 2nd. Stephens upped their price objective on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Lake Street Capital lifted their target price on QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

QuinStreet Price Performance

Shares of NASDAQ QNST opened at $22.14 on Friday. The company has a 50-day simple moving average of $20.62 and a 200-day simple moving average of $18.78. The company has a market cap of $1.25 billion, a PE ratio of -55.35 and a beta of 1.07. QuinStreet has a 12 month low of $11.22 and a 12 month high of $26.27.

QuinStreet (NASDAQ:QNST) last released its earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.15 by $0.07. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The firm had revenue of $279.22 million during the quarter, compared to analysts’ expectations of $222.68 million. During the same period in the previous year, the company earned ($0.19) EPS. QuinStreet’s revenue for the quarter was up 125.3% on a year-over-year basis. On average, analysts anticipate that QuinStreet will post 0.15 EPS for the current year.

Insider Activity at QuinStreet

In other QuinStreet news, Director Stuart Huizinga sold 7,020 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $23.21, for a total value of $162,934.20. Following the transaction, the director now directly owns 174,903 shares of the company’s stock, valued at $4,059,498.63. This trade represents a 3.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew Glickman sold 30,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total value of $678,900.00. Following the transaction, the director now owns 113,140 shares in the company, valued at approximately $2,560,358.20. This represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,000 shares of company stock worth $910,374. 5.00% of the stock is currently owned by corporate insiders.

Institutional Trading of QuinStreet

Large investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its position in shares of QuinStreet by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock worth $438,000 after purchasing an additional 600 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in QuinStreet by 2.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company’s stock worth $603,000 after buying an additional 712 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position 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 buying an additional 719 shares during the last quarter. US Bancorp DE grew its stake in shares of QuinStreet by 880.3% during the third 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 in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of QuinStreet during the third quarter valued at about $29,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

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.