QuinStreet, Inc. (NASDAQ:QNST) Receives $29.80 Consensus PT from Analysts

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) has earned an average recommendation of "Moderate Buy" from the five ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $29.80.

A number of brokerages have recently commented on QNST. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Lake Street Capital increased their price objective on shares of QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. B. Riley restated a "buy" rating and issued a $34.00 price objective (up previously from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Finally, Barrington Research reissued an "outperform" rating and set a $29.00 price target on shares of QuinStreet in a research report on Wednesday, March 26th.

Insider Activity at QuinStreet

In related news, CFO Gregory Wong sold 8,516 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total value of $194,846.08. Following the sale, the chief financial officer now owns 337,031 shares in the company, valued at approximately $7,711,269.28. This represents a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of QuinStreet 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 directly owns 1,836,754 shares of the company's stock, valued at approximately $45,955,585.08. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

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Institutional Trading of QuinStreet

A number of hedge funds have recently modified their holdings of QNST. Quantbot Technologies LP bought a new position in QuinStreet in the 3rd quarter valued at about $29,000. Arcadia Investment Management Corp MI acquired a new position in shares of QuinStreet in the fourth quarter valued at approximately $38,000. KBC Group NV increased its stake in shares of QuinStreet by 64.5% during the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company's stock worth $82,000 after purchasing an additional 1,396 shares during the period. PNC Financial Services Group Inc. lifted its holdings in QuinStreet by 43.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock worth $88,000 after purchasing an additional 1,162 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in QuinStreet in the 4th quarter valued at $112,000. Institutional investors and hedge funds own 97.83% of the company's stock.

QuinStreet Trading Up 0.9 %

Shares of NASDAQ QNST traded up $0.16 during mid-day trading on Friday, reaching $18.00. 391,808 shares of the company's stock were exchanged, compared to its average volume of 450,005. QuinStreet has a twelve month low of $15.20 and a twelve month high of $26.27. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -81.82 and a beta of 1.13. The business has a fifty day simple moving average of $20.70 and a 200 day simple moving average of $20.96.

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 for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. Equities research analysts predict that QuinStreet will post 0.12 earnings per share 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.