Analysts Set QuinStreet, Inc. (NASDAQ:QNST) Price Target at $29.00

QuinStreet, Inc. (NASDAQ:QNST) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $29.00.

A number of equities analysts have recently issued reports on QNST shares. Stephens raised their target price on shares of QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Craig Hallum raised their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. B. Riley upped their target price on shares of QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Lake Street Capital increased their target price on shares of QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, StockNews.com cut QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th.

Insider Transactions at QuinStreet

In other news, Director Stuart Huizinga sold 2,980 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $23.00, for a total value of $68,540.00. Following the completion of the transaction, the director now owns 171,923 shares in the company, valued at $3,954,229. This trade represents a 1.70 % decrease in their position. The sale 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 firm’s stock in a transaction dated 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 sale, the director now owns 113,140 shares of the company’s stock, valued at $2,560,358.20. This trade represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,000 shares of company stock worth $910,374 over the last ninety days. 5.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its position in shares of QuinStreet by 880.3% in the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after buying an additional 1,250 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of QuinStreet in the third quarter valued at about $29,000. Quarry LP grew its position in shares of QuinStreet by 11,330.0% in the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,266 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of QuinStreet during the 2nd quarter worth approximately $175,000. Finally, Centiva Capital LP acquired a new position in shares of QuinStreet during the 3rd quarter worth approximately $244,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Stock Up 0.7 %

Shares of QuinStreet stock opened at $21.44 on Friday. QuinStreet has a 52 week low of $11.22 and a 52 week high of $26.27. The firm’s 50 day moving average is $21.19 and its two-hundred day moving average is $19.06. The firm has a market capitalization of $1.21 billion, a P/E ratio of -53.60 and a beta of 1.07.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $222.68 million. During the same period last year, the firm posted ($0.19) EPS. The company’s revenue was up 125.3% on a year-over-year basis. As a group, research analysts expect that QuinStreet will post 0.15 earnings per share for the current fiscal year.

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.