Analysts Set QuinStreet, Inc. (NASDAQ:QNST) PT at $29.00

QuinStreet, Inc. (NASDAQ:QNST) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $29.00.

QNST has been the subject of several recent research reports. Craig Hallum upped their price target on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Barrington Research reiterated an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a report on Friday, December 6th. StockNews.com lowered shares of QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Lake Street Capital upped their price objective on shares of QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, B. Riley lifted their target price on shares of QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th.

Insider Buying and Selling

In related news, Director Stuart Huizinga sold 7,020 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $23.21, for a total value of $162,934.20. Following the sale, the director now directly owns 174,903 shares in the company, valued at approximately $4,059,498.63. The trade was a 3.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Matthew Glickman sold 30,000 shares of QuinStreet stock in a transaction dated 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 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 40,000 shares of company stock valued at $910,374. 5.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On QuinStreet

Hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. lifted its holdings in QuinStreet by 27.5% during 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 valued at approximately $6,499,000. Driehaus Capital Management LLC boosted its position in shares of QuinStreet by 17.6% in 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 acquiring an additional 225,720 shares during the period. Squarepoint Ops LLC grew its stake in 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 increased its holdings in QuinStreet by 5.2% during 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 period. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

QuinStreet Trading Up 9.2 %

Shares of QNST stock opened at $23.45 on Friday. QuinStreet has a 12 month low of $11.22 and a 12 month high of $26.27. The firm has a market capitalization of $1.32 billion, a PE ratio of -58.63 and a beta of 1.07. The firm has a fifty day simple moving average of $21.24 and a two-hundred day simple moving average of $19.09.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. The company had revenue of $279.22 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted ($0.19) EPS. On average, equities analysts predict that QuinStreet will post 0.15 earnings per share for the current fiscal year.

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.