Lake Street Capital Raises QuinStreet (NASDAQ:QNST) Price Target to $27.00

QuinStreet (NASDAQ:QNST - Get Free Report) had its price target hoisted by investment analysts at Lake Street Capital from $25.00 to $27.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "hold" rating on the technology company's stock. Lake Street Capital's target price would suggest a potential upside of 16.48% from the stock's current price.

Other research analysts have also issued research reports about the stock. B. Riley reissued a "buy" rating and set a $34.00 price objective (up previously from $32.00) on shares of QuinStreet in a research note on Friday. StockNews.com cut shares of QuinStreet from a "hold" rating to a "sell" rating in a research report on Tuesday, January 14th. Craig Hallum raised their price objective on QuinStreet from $25.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Stephens increased their price target on QuinStreet from $23.00 to $27.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $29.00 price target on shares of QuinStreet in a research report on Friday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.80.

QuinStreet Stock Performance

QuinStreet stock traded up $0.13 during trading hours on Friday, hitting $23.18. 617,795 shares of the stock were exchanged, compared to its average volume of 527,544. QuinStreet has a 12 month low of $14.14 and a 12 month high of $26.27. The stock has a market capitalization of $1.30 billion, a P/E ratio of -105.36 and a beta of 1.06. The business's 50-day moving average is $22.74 and its two-hundred day moving average is $20.67.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.16% and a negative net margin of 1.31%. On average, equities analysts predict that QuinStreet will post 0.15 earnings per share for the current fiscal year.

Insider Transactions at QuinStreet

In other news, Director Stuart Huizinga sold 2,980 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $23.00, for a total transaction of $68,540.00. Following the transaction, the director now directly owns 171,923 shares of the company's stock, valued at approximately $3,954,229. This trade represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas Valenti sold 10,000 shares of QuinStreet stock in a transaction on 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 directly owns 1,836,754 shares of the company's stock, valued at $45,955,585.08. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,000 shares of company stock worth $481,674. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On QuinStreet

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its stake in shares of 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 acquiring an additional 719 shares during the period. SG Americas Securities LLC bought a new stake in QuinStreet during the 3rd quarter valued at $490,000. Kings Path Partners LLC bought a new position in QuinStreet in the 3rd quarter valued at about $259,000. Inspire Investing LLC purchased a new position in shares of QuinStreet during the third quarter valued at approximately $817,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of QuinStreet in the third quarter valued at about $303,000. 97.83% of the stock is owned by 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.