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

QuinStreet, Inc. (NASDAQ:QNST) has earned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on 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.

A number of research analysts have recently issued reports on QNST shares. Stephens lifted their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Barrington Research lifted their price target on QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Craig Hallum increased their price objective on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. StockNews.com raised QuinStreet from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, B. Riley upped their price target on QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

Insider Activity at QuinStreet

In related news, 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 in the company, valued at approximately $2,560,358.20. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stuart Huizinga sold 7,020 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $23.21, for a total transaction of $162,934.20. Following the completion of the transaction, the director now owns 174,903 shares in the company, valued at approximately $4,059,498.63. The trade was a 3.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

Institutional Trading of QuinStreet

A number of large investors have recently bought and sold shares of QNST. 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 worth $27,000 after acquiring an additional 1,250 shares during the period. Quantbot Technologies LP purchased a new stake in QuinStreet during the third quarter valued at about $29,000. Quarry LP lifted its holdings in QuinStreet by 11,330.0% during 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. bought a new position in QuinStreet during the second quarter worth about $175,000. Finally, ProShare Advisors LLC purchased a new position in shares of QuinStreet in the first quarter worth about $188,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Price Performance

Shares of QuinStreet stock opened at $22.78 on Monday. The business has a 50-day simple moving average of $20.31 and a 200 day simple moving average of $18.64. QuinStreet has a one year low of $11.22 and a one year high of $26.27. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -56.95 and a beta of 1.09.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.15 by $0.07. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The firm had revenue of $279.22 million during the quarter, compared to the consensus estimate of $222.68 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The company’s quarterly revenue was up 125.3% on a year-over-year basis. On average, sell-side analysts expect that QuinStreet will post 0.15 EPS for the current 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.