QuinStreet, Inc. (NASDAQ:QNST) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of QuinStreet, Inc. (NASDAQ:QNST) have been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $29.00.

A number of research firms recently commented on QNST. Stephens increased their target price on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Barrington Research reiterated an “outperform” rating and set a $29.00 price objective on shares of QuinStreet in a research report on Friday, December 6th. B. Riley boosted their target price on QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Lake Street Capital increased their price target 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. Finally, Craig Hallum boosted their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

Insider Activity at QuinStreet

In other news, Director Matthew Glickman sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total value of $678,900.00. Following the sale, the director now directly owns 113,140 shares of the company’s stock, valued at $2,560,358.20. The trade was a 20.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stuart Huizinga sold 7,020 shares of the company’s stock in a transaction that occurred on 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 owns 174,903 shares in the company, 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 have sold 40,000 shares of company stock worth $910,374 over the last ninety days. 5.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On QuinStreet

A number of institutional investors have recently modified their holdings of the stock. American Century Companies Inc. boosted its stake in QuinStreet by 27.5% in the 2nd quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock worth $33,763,000 after purchasing an additional 438,947 shares in the last quarter. Divisadero Street Capital Management LP bought a new position in shares of QuinStreet in the second quarter worth approximately $6,499,000. Driehaus Capital Management LLC grew its holdings in shares of QuinStreet by 17.6% during the second quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock valued at $25,050,000 after buying an additional 225,720 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of QuinStreet by 248.7% during the second quarter. Squarepoint Ops LLC now owns 174,367 shares of the technology company’s stock valued at $2,893,000 after acquiring an additional 124,367 shares in the last quarter. Finally, FMR LLC raised its holdings in QuinStreet by 5.2% in the 3rd quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock worth $42,724,000 after acquiring an additional 109,892 shares during the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Stock Up 9.2 %

NASDAQ:QNST opened at $23.45 on Friday. The stock has a market cap of $1.32 billion, a P/E ratio of -58.63 and a beta of 1.07. The business’s 50-day moving average price is $21.24 and its two-hundred day moving average price is $19.09. QuinStreet has a twelve month low of $11.22 and a twelve month high of $26.27.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $279.22 million for the quarter, compared to the consensus estimate of $222.68 million. During the same period last year, the firm posted ($0.19) earnings per share. QuinStreet’s quarterly revenue was up 125.3% on a year-over-year basis. On average, equities research analysts expect that QuinStreet will post 0.15 EPS for the current fiscal year.

About QuinStreet

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.