QuinStreet, Inc. (NASDAQ:QNST) Receives Average Recommendation of “Moderate Buy” from Brokerages

QuinStreet, Inc. (NASDAQ:QNST) has received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $29.00.

QNST has been the subject of a number of recent research reports. StockNews.com cut shares of QuinStreet from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Lake Street Capital boosted their price objective on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Barrington Research reaffirmed an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a research note on Friday, December 6th. Craig Hallum boosted their target price on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Stephens increased their price target on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th.

QuinStreet Trading Up 0.6 %

Shares of QuinStreet stock opened at $21.30 on Friday. The firm has a market cap of $1.20 billion, a PE ratio of -53.25 and a beta of 1.07. The stock has a 50 day moving average of $21.15 and a 200 day moving average of $19.01. QuinStreet has a 12 month low of $11.22 and a 12 month high of $26.27.

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 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 period in the prior year, the company earned ($0.19) EPS. The company’s quarterly revenue was up 125.3% compared to the same quarter last year. As a group, equities research analysts forecast that QuinStreet will post 0.15 earnings per share for the current fiscal year.

Insider Activity at QuinStreet

In other QuinStreet news, Director Matthew Glickman sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total transaction of $678,900.00. Following the transaction, the director now directly owns 113,140 shares in the company, valued at $2,560,358.20. This trade represents a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stuart Huizinga sold 7,020 shares of QuinStreet stock in a transaction on Monday, November 25th. The shares were sold at an average price of $23.21, for a total value of $162,934.20. Following the sale, the director now directly owns 174,903 shares of the company’s stock, valued at approximately $4,059,498.63. This trade represents a 3.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,000 shares of company stock worth $910,374 in the last quarter. 5.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On QuinStreet

Several institutional investors have recently made changes to their positions in QNST. US Bancorp DE grew its holdings in 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 in the last quarter. Quantbot Technologies LP bought a new stake in shares of QuinStreet in the 3rd quarter valued at about $29,000. Quarry LP lifted its position in shares of QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock worth $38,000 after purchasing an additional 2,266 shares during the period. Victory Capital Management Inc. bought a new position in shares of QuinStreet during the second quarter valued at approximately $175,000. Finally, Hsbc Holdings PLC increased its holdings in QuinStreet by 26.1% during the second quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company’s stock valued at $225,000 after buying an additional 2,895 shares during the period. Hedge funds and other institutional investors own 97.83% of the company’s stock.

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.