QuinStreet (NASDAQ:QNST) Price Target Raised to $27.00

QuinStreet (NASDAQ:QNST) had its price target lifted by Lake Street Capital from $25.00 to $27.00 in a research note published on Friday,Benzinga reports. The firm currently has a hold rating on the technology company’s stock.

QNST has been the topic of a number of other reports. Craig Hallum upped their price target on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. B. Riley reiterated a “buy” rating and issued a $34.00 price objective (up from $32.00) on shares of QuinStreet in a research note on Friday. Barrington Research reiterated an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a research note on Friday. StockNews.com lowered QuinStreet from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Finally, Stephens increased their target price on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.80.

QuinStreet Stock Performance

Shares of QuinStreet stock opened at $24.10 on Friday. The stock has a 50 day moving average of $22.75 and a 200 day moving average of $20.62. QuinStreet has a fifty-two week low of $13.75 and a fifty-two week high of $26.27. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -109.55 and a beta of 1.06.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.16% and a negative net margin of 1.31%. Analysts forecast that QuinStreet will post 0.15 EPS for the current year.

Insiders Place Their Bets

In related news, Director Matthew Glickman sold 30,000 shares of the firm’s 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 transaction, the director now owns 113,140 shares of the company’s stock, valued at $2,560,358.20. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas Valenti sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total value of $250,200.00. Following the transaction, the chief executive officer now directly owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,000 shares of company stock valued at $1,160,574. 5.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On QuinStreet

Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE grew 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 worth $27,000 after buying an additional 1,250 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of QuinStreet during the third quarter worth about $29,000. Arcadia Investment Management Corp MI purchased a new position in shares of QuinStreet during the fourth quarter worth about $38,000. KBC Group NV grew its holdings in shares of QuinStreet by 64.5% during the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock worth $82,000 after buying an additional 1,396 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of QuinStreet by 43.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock worth $88,000 after buying an additional 1,162 shares during the last quarter. 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.