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

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $29.00.

QNST has been the topic of a number of recent research reports. B. Riley boosted their target price on QuinStreet from $24.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Lake Street Capital raised their price objective on shares of QuinStreet from $20.00 to $25.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, January 6th. Stephens lifted their price objective on QuinStreet from $23.00 to $27.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Finally, Craig Hallum lifted their price target on QuinStreet from $25.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th.

QuinStreet Stock Performance

Shares of NASDAQ:QNST traded up $0.05 on Tuesday, hitting $21.51. 69,236 shares of the company's stock were exchanged, compared to its average volume of 313,215. QuinStreet has a 1-year low of $11.49 and a 1-year high of $26.27. The company has a market capitalization of $1.21 billion, a PE ratio of -53.78 and a beta of 1.07. The firm's 50-day moving average is $22.31 and its 200 day moving average is $19.81.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $222.68 million. During the same period last year, the firm posted ($0.19) EPS. The company's revenue was up 125.3% on a year-over-year basis. On average, analysts anticipate that QuinStreet will post 0.15 EPS for the current fiscal year.

Insider Activity

In other QuinStreet news, Director Stuart Huizinga sold 2,980 shares of the firm's stock in a transaction on 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 directly owns 171,923 shares in the company, valued at approximately $3,954,229. This trade represents a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Matthew Glickman sold 30,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total value of $678,900.00. Following the completion of the transaction, the director now directly owns 113,140 shares of the company's stock, valued at approximately $2,560,358.20. The trade was a 20.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,000 shares of company stock worth $910,374. 5.00% of the stock is currently owned by company insiders.

Institutional Trading of QuinStreet

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers grew its holdings in shares of QuinStreet by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 156,530 shares of the technology company's stock valued at $2,597,000 after acquiring an additional 1,652 shares in the last quarter. Victory Capital Management Inc. bought a new position in QuinStreet in the 2nd quarter worth approximately $175,000. Texas Permanent School Fund Corp boosted its position in shares of QuinStreet by 21.0% in the second quarter. Texas Permanent School Fund Corp now owns 55,240 shares of the technology company's stock valued at $916,000 after acquiring an additional 9,602 shares during the period. American Century Companies Inc. increased its holdings in shares of QuinStreet by 27.5% during the 2nd quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company's stock worth $33,763,000 after purchasing an additional 438,947 shares during the period. Finally, Hsbc Holdings PLC increased its stake in QuinStreet by 26.1% during the second quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company's stock valued at $225,000 after acquiring an additional 2,895 shares during the period. 97.83% of the stock is currently owned by 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.