QuinStreet, Inc. (NASDAQ:QNST) Receives $29.80 Consensus Price Target from Brokerages

QuinStreet, Inc. (NASDAQ:QNST) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $29.80.

Several research firms have recently weighed in on QNST. Stephens raised their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Craig Hallum raised their price target on 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 objective on QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Friday. StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Barrington Research reiterated an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a research report on Friday.

QuinStreet Price Performance

NASDAQ QNST opened at $23.05 on Friday. The company’s fifty day moving average is $22.75 and its two-hundred day moving average is $20.64. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -104.77 and a beta of 1.06. QuinStreet has a 52-week low of $14.14 and a 52-week high of $26.27.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) 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 expect that QuinStreet will post 0.15 earnings per share for the current fiscal year.

Insider Activity at QuinStreet

In other QuinStreet news, 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 transaction of $250,200.00. Following the completion of the sale, the chief executive officer now owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. The trade was a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stuart Huizinga sold 7,020 shares of the stock in a transaction dated Monday, November 25th. The shares were 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 directly owns 174,903 shares in the company, valued at $4,059,498.63. The trade was a 3.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,000 shares of company stock worth $481,674 over the last 90 days. Insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On QuinStreet

Large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of QuinStreet by 3.6% in the second 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 in the last quarter. SG Americas Securities LLC acquired a new position in shares of QuinStreet in the 3rd quarter valued at approximately $490,000. Kings Path Partners LLC bought a new stake in QuinStreet during the 3rd quarter worth approximately $259,000. Inspire Investing LLC acquired a new stake in QuinStreet during the 3rd quarter worth approximately $817,000. Finally, Everence Capital Management Inc. bought a new position in QuinStreet in the third quarter valued at approximately $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.