QuinStreet, Inc. (NASDAQ:QNST) Given Average Rating of “Moderate Buy” by Analysts

Shares of QuinStreet, Inc. (NASDAQ:QNST) have received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat reports. One investment 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 brokerages that have covered the stock in the last year is $29.00.

Several equities research analysts have recently issued reports on QNST shares. Craig Hallum lifted their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Lake Street Capital lifted their price objective on shares of QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, January 6th. Stephens raised their target price on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Barrington Research reissued an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a report on Friday, December 6th.

QuinStreet Trading Up 0.5 %

NASDAQ QNST opened at $21.46 on Tuesday. QuinStreet has a 12 month low of $11.49 and a 12 month high of $26.27. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -53.65 and a beta of 1.07. The company’s 50 day moving average is $22.31 and its two-hundred day moving average is $19.81.

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

Insider Activity at QuinStreet

In other QuinStreet news, Director Matthew Glickman sold 30,000 shares of QuinStreet stock in a transaction on 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 transaction, the director now directly owns 113,140 shares of the company’s stock, valued at $2,560,358.20. The trade was a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stuart Huizinga sold 7,020 shares of QuinStreet stock in a transaction 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 transaction, the director now directly owns 174,903 shares of the company’s stock, valued at $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. Over the last ninety days, insiders sold 40,000 shares of company stock valued at $910,374. 5.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE boosted its stake in QuinStreet by 880.3% during the third 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 during the period. Quantbot Technologies LP purchased a new stake in shares of QuinStreet during the third quarter valued at $29,000. Quarry LP boosted its stake in shares of 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 period. Victory Capital Management Inc. purchased a new stake in shares of QuinStreet during the second quarter valued at $175,000. Finally, Centiva Capital LP purchased a new stake in shares of QuinStreet during the third quarter valued at $244,000. 97.83% of the stock is owned by hedge funds and other 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.