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QuinStreet, Inc. (NASDAQ:QNST) Receives $29.80 Average Price Target from Analysts

QuinStreet logo with Computer and Technology background

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

QNST has been the topic of a number of analyst reports. B. Riley restated a "buy" rating and issued a $34.00 price target (up from $32.00) on shares of QuinStreet in a research note on Friday. Lake Street Capital lifted their price target on QuinStreet from $25.00 to $27.00 and gave the company a "hold" rating in a research note on Friday. Stephens lifted their price target on QuinStreet from $23.00 to $27.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Craig Hallum lifted their price target on QuinStreet from $25.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Finally, Barrington Research restated an "outperform" rating and issued a $29.00 price target on shares of QuinStreet in a research note on Friday.

Check Out Our Latest Stock Report on QNST

Insider Transactions at QuinStreet

In other QuinStreet news, CEO Douglas Valenti sold 10,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total transaction of $250,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,836,754 shares in the company, valued at $45,955,585.08. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stuart Huizinga sold 7,020 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $23.21, for a total value of $162,934.20. Following the completion of the sale, the director now directly owns 174,903 shares of the company's stock, valued at $4,059,498.63. The trade was a 3.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock valued at $481,674 over the last three months. 5.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On QuinStreet

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in QuinStreet by 39.7% during the third quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company's stock valued at $8,601,000 after buying an additional 127,689 shares in the last quarter. State Street Corp increased its position in QuinStreet by 2.1% in the 3rd quarter. State Street Corp now owns 1,989,976 shares of the technology company's stock valued at $38,068,000 after acquiring an additional 41,538 shares during the period. Barclays PLC increased its position in QuinStreet by 149.7% in the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company's stock valued at $2,436,000 after acquiring an additional 76,389 shares during the period. Geode Capital Management LLC increased its position in QuinStreet by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company's stock valued at $24,315,000 after acquiring an additional 36,963 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in QuinStreet by 8.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 495,538 shares of the technology company's stock valued at $9,480,000 after acquiring an additional 40,236 shares during the period. Hedge funds and other institutional investors own 97.83% of the company's stock.

QuinStreet Trading Up 0.6 %

QNST traded up $0.13 during mid-day trading on Friday, hitting $23.18. 617,795 shares of the stock were exchanged, compared to its average volume of 527,544. The firm's fifty day moving average is $22.74 and its two-hundred day moving average is $20.67. QuinStreet has a 1-year low of $14.14 and a 1-year high of $26.27. The company has a market cap of $1.30 billion, a PE ratio of -105.36 and a beta of 1.06.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.16%. As a group, research analysts anticipate that QuinStreet will post 0.15 earnings per share for the current year.

QuinStreet Company Profile

(Get Free Report

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.

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