QuinStreet (NASDAQ:QNST) Earns Outperform Rating from Barrington Research

Barrington Research restated their outperform rating on shares of QuinStreet (NASDAQ:QNST - Free Report) in a research report sent to investors on Wednesday,Benzinga reports. Barrington Research currently has a $29.00 price objective on the technology company's stock.

Several other research analysts have also issued reports on QNST. B. Riley reissued a "buy" rating and set a $34.00 target price (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. StockNews.com upgraded QuinStreet from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Lake Street Capital upped their price target on QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.80.

QuinStreet Stock Down 4.1 %

QNST traded down $0.76 during trading on Wednesday, reaching $17.92. 309,864 shares of the stock traded hands, compared to its average volume of 447,688. The stock's 50-day moving average is $20.80 and its 200 day moving average is $20.95. QuinStreet has a 12 month low of $15.20 and a 12 month high of $26.27. The stock has a market capitalization of $1.01 billion, a PE ratio of -81.45 and a beta of 1.13.

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QuinStreet (NASDAQ:QNST - Get Free Report) last announced its earnings results on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. As a group, equities research analysts anticipate that QuinStreet will post 0.12 EPS for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On QuinStreet

Institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of QuinStreet in the 3rd quarter worth approximately $477,000. Intech Investment Management LLC boosted its position in QuinStreet by 184.9% in the third quarter. Intech Investment Management LLC now owns 46,183 shares of the technology company's stock worth $883,000 after purchasing an additional 29,973 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 purchasing an additional 40,236 shares during the period. FMR LLC increased its position in shares of QuinStreet by 5.2% during the 3rd 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 during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of QuinStreet in the 3rd quarter worth about $29,000. 97.83% of the stock is owned by institutional investors.

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.