Barrington Research Reaffirms “Outperform” Rating for QuinStreet (NASDAQ:QNST)

Barrington Research reissued their outperform rating on shares of QuinStreet (NASDAQ:QNST) in a research report report published on Wednesday,Benzinga reports. Barrington Research currently has a $29.00 price objective on the technology company’s stock.

QNST has been the topic of a number of other research reports. Lake Street Capital increased their price target on QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Friday, February 7th. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, B. Riley reaffirmed a “buy” rating and set a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, QuinStreet has an average rating of “Moderate Buy” and a consensus price target of $29.80.

QuinStreet Trading Down 3.1 %

NASDAQ QNST opened at $18.75 on Wednesday. The firm’s fifty day moving average price is $20.96 and its two-hundred day moving average price is $20.96. QuinStreet has a 1 year low of $15.20 and a 1 year high of $26.27. The firm has a market capitalization of $1.06 billion, a P/E ratio of -85.23 and a beta of 1.13.

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

Insider Buying and Selling

In other QuinStreet news, CEO Douglas Valenti sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was 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 trade represents a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gregory Wong sold 8,516 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total value of $194,846.08. Following the sale, 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 disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in QuinStreet during the third quarter worth about $477,000. Intech Investment Management LLC boosted its position in shares of QuinStreet by 184.9% during the 3rd quarter. Intech Investment Management LLC now owns 46,183 shares of the technology company’s stock worth $883,000 after acquiring an additional 29,973 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in QuinStreet by 8.8% in the third 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 last quarter. FMR LLC increased its stake in QuinStreet by 5.2% in the third quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock valued at $42,724,000 after acquiring an additional 109,892 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in QuinStreet during the third quarter worth $29,000. Institutional investors own 97.83% of the company’s stock.

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.