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

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 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 target price among brokers that have issued ratings on the stock in the last year is $29.80.

A number of equities analysts have commented on QNST shares. Barrington Research reaffirmed an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a report on Friday, February 7th. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Lake Street Capital lifted their price objective on shares of QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Finally, B. Riley reaffirmed 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.

Insider Activity

In other news, CFO Gregory Wong sold 8,516 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total transaction of $194,846.08. Following the completion of the transaction, the chief financial officer now owns 337,031 shares of the company's stock, valued at approximately $7,711,269.28. The trade was a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of QuinStreet stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total transaction of $250,200.00. Following the sale, the chief executive officer now owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company's stock.

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Institutional Investors Weigh In On QuinStreet

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of QuinStreet by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,002,030 shares of the technology company's stock valued at $92,327,000 after purchasing an additional 26,169 shares in the last quarter. Driehaus Capital Management LLC raised its stake in shares of QuinStreet by 28.4% during the fourth quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company's stock valued at $64,312,000 after purchasing an additional 617,216 shares in the last quarter. FMR LLC raised its stake in shares of QuinStreet by 5.2% during the third quarter. FMR LLC now owns 2,233,345 shares of the technology company's stock valued at $42,724,000 after purchasing an additional 109,892 shares in the last quarter. American Century Companies Inc. raised its stake in shares of QuinStreet by 9.9% during 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 purchasing an additional 201,052 shares in the last quarter. Finally, State Street Corp raised its stake in shares of 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 purchasing an additional 41,538 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors.

QuinStreet Stock Performance

Shares of QNST stock traded down $0.26 during mid-day trading on Wednesday, reaching $18.31. 407,972 shares of the company were exchanged, compared to its average volume of 424,182. QuinStreet has a fifty-two week low of $15.04 and a fifty-two week high of $26.27. The company has a market capitalization of $1.03 billion, a P/E ratio of -83.23 and a beta of 1.13. The business's 50 day simple moving average is $22.11 and its 200 day simple moving average is $20.99.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share 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%. On average, analysts forecast that QuinStreet will post 0.12 EPS for the current 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.