Brokerages Set QuinStreet, Inc. (NASDAQ:QNST) Price Target at $29.80

Shares of QuinStreet, Inc. (NASDAQ:QNST) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $29.80.

A number of equities research analysts have recently weighed in on QNST shares. Lake Street Capital boosted 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. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. B. Riley restated a “buy” rating and set a $34.00 price target (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Finally, Barrington Research reiterated an “outperform” rating and set a $29.00 price objective on shares of QuinStreet in a research note on Wednesday, March 26th.

QuinStreet Stock Up 0.9 %

Shares of QuinStreet stock opened at $18.00 on Friday. QuinStreet has a 52-week low of $15.20 and a 52-week high of $26.27. The firm’s 50 day moving average price is $20.60 and its 200-day moving average price is $20.95. The company has a market cap of $1.02 billion, a P/E ratio of -81.82 and a beta of 1.13.

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 the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. As a group, equities research analysts forecast that QuinStreet will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,516 shares of QuinStreet 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 completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the chief executive officer now owns 1,836,754 shares of the company’s stock, valued at approximately $45,955,585.08. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QuinStreet

Several institutional investors and hedge funds have recently modified their holdings of QNST. Quantbot Technologies LP acquired a new stake in QuinStreet in the third quarter valued at approximately $29,000. Arcadia Investment Management Corp MI purchased a new position in shares of QuinStreet during the 4th quarter valued at approximately $38,000. KBC Group NV lifted its position in shares of QuinStreet by 64.5% during the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock valued at $82,000 after buying an additional 1,396 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in QuinStreet by 43.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock valued at $88,000 after acquiring an additional 1,162 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new stake in QuinStreet in the 4th quarter worth $112,000. Hedge funds and other 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.