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

Shares of QuinStreet, Inc. (NASDAQ:QNST) have received an average rating of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $29.00.

Several analysts recently weighed in on the company. Barrington Research boosted their price objective on QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. B. Riley upped their price target on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Lake Street Capital lifted their price objective on shares of QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Craig Hallum raised their price target on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th.

Insider Transactions 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 transaction of $678,900.00. Following the completion of the transaction, the director now directly owns 113,140 shares in the company, valued at approximately $2,560,358.20. The trade was a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.

Institutional Trading of QuinStreet

Several hedge funds have recently added to or reduced their stakes in QNST. US Bancorp DE increased its holdings in shares of QuinStreet by 880.3% during the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,250 shares during the period. Quantbot Technologies LP acquired a new position in QuinStreet during the 3rd quarter valued at about $29,000. Quarry LP raised its position in shares of QuinStreet by 11,330.0% during the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock worth $38,000 after buying an additional 2,266 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of QuinStreet in the 2nd quarter worth approximately $175,000. Finally, ProShare Advisors LLC bought a new position in shares of QuinStreet in the first quarter valued at approximately $188,000. Institutional investors own 97.83% of the company’s stock.

QuinStreet Trading Up 2.0 %

QuinStreet stock opened at $22.91 on Monday. QuinStreet has a 52 week low of $11.02 and a 52 week high of $26.27. The stock has a market cap of $1.29 billion, a P/E ratio of -57.28 and a beta of 1.09. The stock has a 50 day moving average of $20.02 and a 200-day moving average of $18.48.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. The firm had revenue of $279.22 million for the quarter, compared to the consensus estimate of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The firm’s revenue was up 125.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.19) EPS. As a group, equities analysts predict that QuinStreet will post 0.15 earnings per share 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.