Brokerages Set QuinStreet, Inc. (NASDAQ:QNST) Price Target at $29.80

Shares of QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $29.80.

QNST has been the subject of a number of recent analyst reports. Lake Street Capital upped their price target on shares of QuinStreet from $25.00 to $27.00 and gave the company a "hold" rating in a report on Friday, February 7th. B. Riley reiterated a "buy" rating and set a $34.00 target price (up from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Barrington Research reissued an "outperform" rating and issued a $29.00 target price on shares of QuinStreet in a research note on Wednesday, April 23rd. Finally, StockNews.com raised QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, February 10th.

QuinStreet Price Performance

NASDAQ:QNST traded down $0.11 on Thursday, reaching $17.27. 38,031 shares of the company's stock were exchanged, compared to its average volume of 473,463. The firm has a market cap of $975.39 million, a price-to-earnings ratio of -78.32 and a beta of 0.91. The stock has a fifty day simple moving average of $17.54 and a 200-day simple moving average of $20.47. QuinStreet has a 52 week low of $14.39 and a 52 week high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly 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 return on equity of 4.13% and a negative net margin of 1.31%. As a group, sell-side analysts predict that QuinStreet will post 0.12 EPS for the current year.

Insiders Place Their Bets

In other QuinStreet news, 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 transaction, the chief executive officer now owns 1,836,754 shares of the company's stock, valued at approximately $45,955,585.08. The trade was a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Gregory Wong sold 8,516 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total value of $194,846.08. Following the transaction, the chief financial officer now owns 337,031 shares of the company's stock, valued at $7,711,269.28. This trade represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On QuinStreet

Several hedge funds have recently made changes to their positions in QNST. Vanguard Group Inc. raised its position in QuinStreet by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,002,030 shares of the technology company's stock worth $92,327,000 after buying an additional 26,169 shares during the last quarter. Driehaus Capital Management LLC increased its position in QuinStreet by 28.4% during the 4th quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company's stock worth $64,312,000 after purchasing an additional 617,216 shares in the last quarter. American Century Companies Inc. raised its position in shares of QuinStreet by 9.9% in the fourth quarter. American Century Companies Inc. now owns 2,228,568 shares of the technology company's stock valued at $51,413,000 after buying an additional 201,052 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of QuinStreet by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 1,297,160 shares of the technology company's stock worth $29,933,000 after purchasing an additional 26,394 shares during the period. Finally, Invesco Ltd. boosted its position in shares of QuinStreet by 177.8% in the fourth quarter. Invesco Ltd. now owns 946,108 shares of the technology company's stock worth $21,827,000 after acquiring an additional 605,500 shares during the last quarter. 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.