QuinStreet, Inc. (NASDAQ:QNST) Receives $29.00 Consensus Target Price from Analysts

QuinStreet, Inc. (NASDAQ:QNST) has been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One 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 issued a report on the stock in the last year is $29.00.

Several research firms have issued reports on QNST. Craig Hallum raised their price target on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Stephens lifted their price objective on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Barrington Research restated an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a research report on Friday, December 6th. B. Riley lifted their price objective 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. Finally, 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.

QuinStreet Trading Up 1.0 %

QuinStreet stock opened at $22.23 on Tuesday. QuinStreet has a 12 month low of $11.49 and a 12 month high of $26.27. The company has a market capitalization of $1.25 billion, a PE ratio of -55.58 and a beta of 1.07. The stock has a 50-day moving average price of $22.30 and a two-hundred day moving average price of $19.88.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. The company had revenue of $279.22 million for the quarter, compared to analyst estimates of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. QuinStreet’s revenue was up 125.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.19) earnings per share. As a group, analysts predict that QuinStreet will post 0.16 earnings per share for the current fiscal year.

Insider Activity at QuinStreet

In other news, 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 sale, the director now owns 174,903 shares in the company, valued at $4,059,498.63. This represents a 3.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew Glickman sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total value of $678,900.00. Following the completion of the transaction, the director now owns 113,140 shares in the company, valued at $2,560,358.20. The trade was a 20.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,000 shares of company stock valued at $910,374. 5.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE lifted its holdings in QuinStreet by 880.3% during the third 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 purchased a new position in shares of QuinStreet during the 3rd quarter valued at $29,000. Quarry LP grew its position in QuinStreet by 11,330.0% during the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock worth $38,000 after buying an additional 2,266 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of QuinStreet in the second quarter worth approximately $175,000. Finally, Hsbc Holdings PLC grew its stake in QuinStreet by 26.1% in the 2nd quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company’s stock worth $225,000 after buying an additional 2,895 shares in the last quarter. 97.83% of the stock is 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.