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

QuinStreet, Inc. (NASDAQ:QNST) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research 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.

A number of research firms have recently commented on QNST. Barrington Research reaffirmed an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a report on Friday, February 7th. B. Riley restated a “buy” rating and set a $34.00 price target (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. StockNews.com raised QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Lake Street Capital upped their price objective on shares of QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Friday, February 7th.

QuinStreet Trading Down 1.4 %

QNST stock opened at $18.31 on Wednesday. QuinStreet has a 1-year low of $15.04 and a 1-year high of $26.27. The stock has a market cap of $1.03 billion, a P/E ratio of -83.23 and a beta of 1.13. The stock’s fifty day simple moving average is $22.11 and its two-hundred day simple moving average is $20.99.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data 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 4.13% and a negative net margin of 1.31%. As a group, analysts forecast that QuinStreet will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Gregory Wong sold 8,516 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total transaction of $194,846.08. Following the completion of the sale, the chief financial officer now owns 337,031 shares of the company’s stock, valued at $7,711,269.28. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction, the chief executive officer now directly owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Institutional Trading of QuinStreet

Large investors have recently made changes to their positions in the stock. US Bancorp DE grew its stake in shares of 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 period. Quantbot Technologies LP purchased a new position in shares of QuinStreet during the 3rd quarter valued at about $29,000. Arcadia Investment Management Corp MI bought a new position in shares of QuinStreet in the fourth quarter worth approximately $38,000. KBC Group NV increased its stake in QuinStreet by 64.5% in the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock worth $82,000 after buying an additional 1,396 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in QuinStreet by 43.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,162 shares during the period. 97.83% of the stock is currently owned by institutional investors.

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.