QuinStreet (NASDAQ:QNST) Given Buy Rating at B. Riley

B. Riley reiterated their buy rating on shares of QuinStreet (NASDAQ:QNST) in a research note published on Friday,Benzinga reports. The brokerage currently has a $34.00 target price on the technology company’s stock, up from their prior target price of $32.00.

A number of other analysts have also recently commented on QNST. StockNews.com cut QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Stephens boosted their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Barrington Research reissued an “outperform” rating and set a $29.00 price objective on shares of QuinStreet in a research note on Friday. Craig Hallum lifted their target price on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Lake Street Capital increased their price target on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.80.

QuinStreet Stock Down 4.3 %

Shares of NASDAQ QNST opened at $24.10 on Friday. 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 posted its earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.16%. As a group, equities analysts predict that QuinStreet will post 0.15 EPS for the current fiscal year.

Insider Transactions at QuinStreet

In related news, 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 transaction of $162,934.20. Following the sale, the director now owns 174,903 shares of the company’s stock, valued at $4,059,498.63. The trade was a 3.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was 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. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock worth $1,160,574 in the last three months. 5.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QuinStreet

Several institutional investors and hedge funds have recently made changes to their positions in QNST. State of Alaska Department of Revenue boosted its stake in QuinStreet by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 31,976 shares of the technology company’s stock valued at $737,000 after acquiring an additional 432 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of QuinStreet by 1.8% in the 4th quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company’s stock valued at $601,000 after purchasing an additional 459 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of QuinStreet by 1.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 27,200 shares of the technology company’s stock worth $628,000 after purchasing an additional 500 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in QuinStreet by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock worth $341,000 after purchasing an additional 719 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in QuinStreet by 43.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock valued at $88,000 after buying an additional 1,162 shares during the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

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.