QuinStreet (NASDAQ:QNST) Price Target Raised to $27.00

QuinStreet (NASDAQ:QNST) had its price objective raised by Lake Street Capital from $25.00 to $27.00 in a research note released on Friday morning,Benzinga reports. Lake Street Capital currently has a hold rating on the technology company’s stock.

Other research analysts also recently issued reports about the company. Barrington Research restated an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a research note on Friday. Stephens lifted their price target on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Craig Hallum boosted their price objective on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. B. Riley reissued a “buy” rating and issued a $34.00 price objective (up previously from $32.00) on shares of QuinStreet in a report on Friday. Finally, StockNews.com cut QuinStreet from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.80.

QuinStreet Trading Down 4.3 %

Shares of NASDAQ:QNST opened at $24.10 on Friday. QuinStreet has a 12-month low of $13.75 and a 12-month high of $26.27. The business’s fifty day simple moving average is $22.75 and its 200-day simple moving average is $20.62. The company has a market capitalization of $1.36 billion, a PE ratio of -109.55 and a beta of 1.06.

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

Insider Buying and Selling

In other QuinStreet news, Director Stuart Huizinga sold 7,020 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $23.21, for a total transaction of $162,934.20. Following the completion of the sale, the director now directly owns 174,903 shares in the company, valued at approximately $4,059,498.63. The trade was a 3.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas Valenti sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total value of $250,200.00. Following the sale, the chief executive officer now owns 1,836,754 shares of the company’s stock, valued at approximately $45,955,585.08. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,000 shares of company stock valued at $1,160,574. 5.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On QuinStreet

Large investors have recently made changes to their positions in the stock. US Bancorp DE grew its position in shares of QuinStreet by 880.3% in 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 in the last quarter. Quantbot Technologies LP purchased a new stake in shares of QuinStreet in the third quarter valued at approximately $29,000. Arcadia Investment Management Corp MI purchased a new stake in shares of QuinStreet in the fourth quarter valued at approximately $38,000. KBC Group NV grew its position in QuinStreet by 64.5% in the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock worth $82,000 after acquiring an additional 1,396 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in QuinStreet by 43.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock worth $88,000 after acquiring an additional 1,162 shares during the period. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

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.