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

Barrington Research restated their outperform rating on shares of QuinStreet (NASDAQ:QNST) in a research note released on Friday morning,Benzinga reports. Barrington Research currently has a $29.00 price target on the technology company’s stock.

Several other equities analysts have also recently commented on the stock. B. Riley raised their target price on shares of QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Craig Hallum boosted their price target on shares of QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Lake Street Capital boosted their price target on shares of QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. StockNews.com downgraded shares of QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Finally, Stephens boosted their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.80.

QuinStreet Stock Performance

QuinStreet stock opened at $24.10 on Friday. The firm’s 50-day moving average is $22.75 and its 200-day moving average is $20.62. QuinStreet has a 1 year low of $13.75 and a 1 year high of $26.27. The company has a market cap of $1.36 billion, a P/E ratio of -109.55 and a beta of 1.06.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.16% and a negative net margin of 1.31%. As a group, sell-side analysts predict that QuinStreet will post 0.15 earnings per share for the current year.

Insider Transactions at QuinStreet

In related news, Director Matthew Glickman sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were 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 directly owns 113,140 shares in the company, valued at $2,560,358.20. This represents a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stuart Huizinga sold 2,980 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $23.00, for a total transaction of $68,540.00. Following the transaction, the director now owns 171,923 shares of the company’s stock, valued at approximately $3,954,229. The trade was a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,000 shares of company stock worth $1,160,574. 5.00% of the stock is owned by insiders.

Hedge Funds Weigh In On QuinStreet

Large investors have recently bought and sold shares of the stock. US Bancorp DE raised its stake in 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 purchasing an additional 1,250 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of QuinStreet in the 3rd quarter valued at $29,000. Arcadia Investment Management Corp MI acquired a new position in shares of QuinStreet in the 4th quarter valued at $38,000. KBC Group NV raised its stake in shares of QuinStreet by 64.5% in the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock valued at $82,000 after buying an additional 1,396 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of QuinStreet by 43.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock valued at $88,000 after buying an additional 1,162 shares in the last quarter. 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.