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

Shares of QuinStreet, Inc. (NASDAQ:QNST) have been assigned an average rating of “Moderate Buy” from the five analysts that are covering the company, 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 brokers that have covered the stock in the last year is $29.80.

A number of research firms have recently weighed in on QNST. B. Riley reiterated a “buy” rating and set a $34.00 price target (up from $32.00) on shares of QuinStreet in a report on Friday. Barrington Research reissued an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a research note on Friday. Lake Street Capital lifted their target price on shares of QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a report on Friday. Stephens boosted their target price on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, StockNews.com lowered QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th.

Insider Activity

In other QuinStreet news, Director Stuart Huizinga sold 2,980 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $23.00, for a total value of $68,540.00. Following the sale, the director now owns 171,923 shares of the company’s stock, valued at $3,954,229. This trade represents a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas Valenti sold 10,000 shares of QuinStreet stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total value of $250,200.00. Following the completion of the transaction, the chief executive officer now owns 1,836,754 shares of the company’s stock, 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. Over the last three months, insiders have sold 50,000 shares of company stock worth $1,160,574. Corporate insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On QuinStreet

Several institutional investors have recently modified their holdings of QNST. SVB Wealth LLC acquired a new stake in QuinStreet in the fourth quarter valued at $3,508,000. JPMorgan Chase & Co. raised its position in shares of QuinStreet by 39.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company’s stock worth $8,601,000 after acquiring an additional 127,689 shares in the last quarter. FMR LLC lifted its stake in QuinStreet by 5.2% during the third quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock worth $42,724,000 after purchasing an additional 109,892 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in QuinStreet in the fourth quarter valued at approximately $2,031,000. Finally, Barclays PLC increased its stake in 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 purchasing an additional 76,389 shares during the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Price Performance

Shares of QNST stock opened at $24.10 on Friday. The company has a market capitalization of $1.36 billion, a PE ratio of -60.25 and a beta of 1.06. The firm’s 50-day moving average is $22.72 and its two-hundred day moving average is $20.58. QuinStreet has a 12 month low of $13.75 and a 12 month high of $26.27.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. Sell-side analysts forecast 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.