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

Shares of QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation 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.

A number of research analysts have recently commented on QNST shares. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Lake Street Capital lifted their price objective on shares of QuinStreet from $20.00 to $25.00 and gave the company a "hold" rating in a research report on Tuesday, November 5th. Stephens lifted their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Craig Hallum lifted their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Finally, Barrington Research lifted their price objective on shares of QuinStreet from $22.00 to $29.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th.

Insider Buying and Selling

In related news, Director Matthew Glickman sold 30,000 shares of QuinStreet stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the completion of the sale, the director now 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.00% of the stock is currently owned by insiders.

Institutional Trading of QuinStreet

Several hedge funds and other institutional investors have recently bought and sold shares of QNST. US Bancorp DE raised its stake in QuinStreet by 880.3% in the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company's stock worth $27,000 after purchasing an additional 1,250 shares in the last quarter. Quantbot Technologies LP acquired a new stake in QuinStreet in the 3rd quarter worth about $29,000. Quarry LP raised its stake in QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company's stock worth $38,000 after purchasing an additional 2,266 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in QuinStreet in the 2nd quarter worth about $175,000. Finally, ProShare Advisors LLC acquired a new stake in QuinStreet in the 1st quarter worth about $188,000. Institutional investors and hedge funds own 97.83% of the company's stock.

QuinStreet Price Performance

QNST stock traded down $0.37 during midday trading on Monday, hitting $22.54. The company's stock had a trading volume of 516,947 shares, compared to its average volume of 415,419. QuinStreet has a twelve month low of $11.02 and a twelve month high of $26.27. The company's fifty day moving average price is $20.08 and its 200 day moving average price is $18.50. The stock has a market capitalization of $1.27 billion, a P/E ratio of -56.35 and a beta of 1.09.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $222.68 million. During the same period in the previous year, the business earned ($0.19) EPS. The company's revenue was up 125.3% compared to the same quarter last year. Equities analysts expect that QuinStreet will post 0.15 EPS for the current fiscal year.

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.