QuinStreet, Inc. (NASDAQ:QNST) Receives Average Recommendation of "Moderate Buy" from Analysts

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the five brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $29.00.

QNST has been the topic of a number of recent analyst reports. B. Riley upped their price target on shares of QuinStreet from $24.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Barrington Research reiterated an "outperform" rating and set a $29.00 price target on shares of QuinStreet in a research report on Friday, December 6th. StockNews.com downgraded QuinStreet from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Craig Hallum boosted their target price on QuinStreet from $25.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Finally, Lake Street Capital raised their price target on QuinStreet from $20.00 to $25.00 and gave the company a "hold" rating in a research report on Tuesday, November 5th.

Insiders Place Their Bets

In related news, Director Matthew Glickman sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total value of $678,900.00. Following the completion of the sale, the director now directly owns 113,140 shares in the company, valued at approximately $2,560,358.20. The trade was a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stuart Huizinga sold 7,020 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $23.21, for a total transaction of $162,934.20. Following the transaction, the director now directly owns 174,903 shares in the company, valued at approximately $4,059,498.63. This represents a 3.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,000 shares of company stock valued at $910,374 in the last ninety days. Insiders own 5.00% of the company's stock.

Institutional Trading of QuinStreet

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in QuinStreet by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company's stock valued at $24,315,000 after acquiring an additional 36,963 shares during the period. Barclays PLC raised its holdings 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 buying an additional 76,389 shares during the period. State Street Corp lifted its position in QuinStreet by 2.1% during the third quarter. State Street Corp now owns 1,989,976 shares of the technology company's stock valued at $38,068,000 after buying an additional 41,538 shares in the last quarter. Quarry LP grew its stake in QuinStreet by 279.7% during the third quarter. Quarry LP now owns 8,681 shares of the technology company's stock worth $166,000 after buying an additional 6,395 shares during the period. Finally, Portolan Capital Management LLC grew its stake in QuinStreet by 9.6% during the third quarter. Portolan Capital Management LLC now owns 801,693 shares of the technology company's stock worth $15,336,000 after buying an additional 70,408 shares during the period. 97.83% of the stock is currently owned by institutional investors and hedge funds.

QuinStreet Stock Up 0.7 %

Shares of NASDAQ QNST traded up $0.14 during mid-day trading on Friday, hitting $21.44. 1,755,750 shares of the company were exchanged, compared to its average volume of 415,530. The stock has a 50 day simple moving average of $21.15 and a 200-day simple moving average of $19.01. QuinStreet has a 1-year low of $11.22 and a 1-year high of $26.27. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -53.60 and a beta of 1.07.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.07. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The firm had revenue of $279.22 million during the quarter, compared to the consensus estimate of $222.68 million. During the same quarter last year, the firm earned ($0.19) earnings per share. The firm's revenue was up 125.3% compared to the same quarter last year. Analysts anticipate that QuinStreet will post 0.15 earnings per share for the current fiscal 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.