QuinStreet, Inc. (NASDAQ:QNST) Receives $29.80 Average PT from Brokerages

Shares of QuinStreet, Inc. (NASDAQ:QNST) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $29.80.

A number of brokerages have weighed in on QNST. 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. Lake Street Capital upped 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. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Barrington Research restated an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a report on Friday, February 7th.

QuinStreet Price Performance

QNST stock opened at $18.31 on Wednesday. QuinStreet has a 1 year low of $15.04 and a 1 year high of $26.27. The company has a market cap of $1.03 billion, a P/E ratio of -83.23 and a beta of 1.13. The firm has a 50-day moving average of $22.11 and a 200 day moving average of $21.04.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) 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, equities research analysts expect that QuinStreet will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Douglas Valenti sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total transaction of $250,200.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gregory Wong sold 8,516 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 337,031 shares in the company, valued at approximately $7,711,269.28. This trade represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QNST. Driehaus Capital Management LLC lifted its position in 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 during the period. Invesco Ltd. lifted its position in QuinStreet by 177.8% during the fourth quarter. Invesco Ltd. now owns 946,108 shares of the technology company’s stock valued at $21,827,000 after purchasing an additional 605,500 shares during the period. G2 Investment Partners Management LLC bought a new position in QuinStreet during the fourth quarter valued at approximately $7,203,000. BNP Paribas Financial Markets lifted its position in QuinStreet by 537.4% during the fourth quarter. BNP Paribas Financial Markets now owns 332,763 shares of the technology company’s stock valued at $7,677,000 after purchasing an additional 280,554 shares during the period. Finally, Oberweis Asset Management Inc. bought a new position in QuinStreet during the fourth quarter valued at approximately $5,191,000. Institutional investors own 97.83% of the company’s stock.

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.