Barrington Research Reiterates “Outperform” Rating for QuinStreet (NASDAQ:QNST)

Barrington Research reiterated their outperform rating on shares of QuinStreet (NASDAQ:QNST) in a research report released on Wednesday morning,Benzinga reports. The firm currently has a $29.00 target price on the technology company’s stock.

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

QuinStreet Stock Performance

NASDAQ QNST opened at $17.92 on Wednesday. The company has a market capitalization of $1.01 billion, a PE ratio of -81.45 and a beta of 1.13. QuinStreet has a 52-week low of $15.20 and a 52-week high of $26.27. The company has a 50-day simple moving average of $20.80 and a 200 day simple moving average of $20.93.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) 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 4.13%. As a group, analysts forecast that QuinStreet will post 0.12 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On QuinStreet

Several institutional investors and hedge funds have recently bought and sold shares of QNST. Quantbot Technologies LP purchased a new stake in QuinStreet in the third quarter worth $29,000. Arcadia Investment Management Corp MI bought a new stake in shares of QuinStreet during the 4th quarter valued at about $38,000. KBC Group NV increased its position in shares of QuinStreet by 64.5% during the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock valued at $82,000 after buying an additional 1,396 shares during the period. PNC Financial Services Group Inc. raised its stake 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 worth $88,000 after buying an additional 1,162 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in QuinStreet in the fourth quarter worth about $112,000. 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.