QuinStreet’s (QNST) “Outperform” Rating Reaffirmed at Barrington Research

QuinStreet (NASDAQ:QNST)‘s stock had its “outperform” rating reaffirmed by analysts at Barrington Research in a report released on Wednesday,Benzinga reports. They currently have a $29.00 price target on the technology company’s stock. Barrington Research’s price objective would indicate a potential upside of 49.87% from the stock’s previous close.

QNST has been the topic of several other research reports. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Lake Street Capital raised their price target on QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a report on Friday, February 7th. Finally, B. Riley reaffirmed a “buy” rating and set a $34.00 price target (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, QuinStreet presently has a consensus rating of “Moderate Buy” and an average price target of $29.80.

QuinStreet Trading Up 0.5 %

QuinStreet stock opened at $19.35 on Wednesday. The stock has a 50 day moving average of $21.02 and a two-hundred day moving average of $20.98. QuinStreet has a twelve month low of $15.20 and a twelve month high of $26.27. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -87.95 and a beta of 1.13.

QuinStreet (NASDAQ:QNST) last issued its quarterly 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 4.13% and a negative net margin of 1.31%. Equities analysts predict that QuinStreet will post 0.12 earnings per share for the current year.

Insider Activity at QuinStreet

In other news, CFO Gregory Wong sold 8,516 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total value of $194,846.08. Following the transaction, the chief financial officer now directly owns 337,031 shares in the company, valued at $7,711,269.28. This trade represents a 2.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas Valenti sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total transaction of $250,200.00. Following the completion of the transaction, the chief executive officer now owns 1,836,754 shares in the company, valued at $45,955,585.08. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On QuinStreet

A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in QuinStreet by 39.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company’s stock valued at $8,601,000 after purchasing an additional 127,689 shares in the last quarter. State Street Corp boosted its position in shares of QuinStreet by 2.1% in the third quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock worth $38,068,000 after buying an additional 41,538 shares during the period. Barclays PLC grew its stake in shares of QuinStreet by 149.7% in the third quarter. Barclays PLC now owns 127,404 shares of the technology company’s stock valued at $2,436,000 after buying an additional 76,389 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of QuinStreet by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company’s stock valued at $24,315,000 after buying an additional 36,963 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in QuinStreet by 8.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 495,538 shares of the technology company’s stock worth $9,480,000 after acquiring an additional 40,236 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

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.