QuinStreet’s (QNST) “Buy” Rating Reiterated at B. Riley

B. Riley reissued their buy rating on shares of QuinStreet (NASDAQ:QNST) in a research note issued to investors on Friday,Benzinga reports. The firm currently has a $34.00 price objective on the technology company’s stock, up from their prior price objective of $32.00.

Other equities analysts have also issued reports about the company. Stephens boosted their price target on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Lake Street Capital upped their target price on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Barrington Research reaffirmed an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a research report on Friday. StockNews.com lowered QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Finally, Craig Hallum upped their target price on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, QuinStreet presently has a consensus rating of “Moderate Buy” and an average price target of $29.80.

QuinStreet Price Performance

Shares of QNST stock opened at $24.10 on Friday. The business’s 50 day simple moving average is $22.75 and its 200 day simple moving average is $20.62. QuinStreet has a one year low of $13.75 and a one year high of $26.27. The stock has a market capitalization of $1.36 billion, a PE ratio of -109.55 and a beta of 1.06.

QuinStreet (NASDAQ:QNST) last announced its earnings results 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 4.16%. As a group, research analysts expect that QuinStreet will post 0.15 earnings per share for the current year.

Insider Activity at QuinStreet

In other QuinStreet news, Director Stuart Huizinga sold 7,020 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $23.21, for a total value of $162,934.20. Following the completion of the transaction, the director now owns 174,903 shares in the company, valued at $4,059,498.63. This represents a 3.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were 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 owns 1,836,754 shares of the company’s stock, valued at $45,955,585.08. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 50,000 shares of company stock valued at $1,160,574. 5.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its stake in shares of QuinStreet by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock worth $341,000 after acquiring an additional 719 shares during the period. SG Americas Securities LLC bought a new position in shares of QuinStreet during the 3rd quarter worth $490,000. Kings Path Partners LLC bought a new position in shares of QuinStreet during the 3rd quarter worth $259,000. Inspire Investing LLC bought a new position in QuinStreet in the 3rd quarter worth about $817,000. Finally, Everence Capital Management Inc. bought a new position in QuinStreet in the 3rd quarter worth about $303,000. Institutional investors own 97.83% of the company’s stock.

QuinStreet Company Profile

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.