QuinStreet (NASDAQ:QNST) Receives “Outperform” Rating from Barrington Research

QuinStreet (NASDAQ:QNST)‘s stock had its “outperform” rating reiterated by investment analysts at Barrington Research in a research report issued on Wednesday,Benzinga reports. They currently have a $29.00 target price on the technology company’s stock. Barrington Research’s price target would suggest a potential upside of 49.87% from the stock’s current price.

Several other research analysts have also weighed in on the stock. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Lake Street Capital increased their price objective on shares of QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Finally, B. Riley reissued a “buy” rating and issued a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.80.

QuinStreet Price Performance

Shares of NASDAQ QNST opened at $19.35 on Wednesday. QuinStreet has a 1 year low of $15.20 and a 1 year high of $26.27. The company has a market capitalization of $1.09 billion, a P/E ratio of -87.95 and a beta of 1.13. The company has a 50 day simple moving average of $21.02 and a 200-day simple moving average of $20.98.

QuinStreet (NASDAQ:QNST) last posted 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 return on equity of 4.13% and a negative net margin of 1.31%. As a group, research analysts expect that QuinStreet will post 0.12 EPS for the current year.

Insider Buying and Selling

In other news, CEO Douglas Valenti sold 10,000 shares of QuinStreet 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 completion of the transaction, the chief executive officer now owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This trade represents a 0.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Gregory Wong sold 8,516 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total value of $194,846.08. Following the transaction, the chief financial officer now directly owns 337,031 shares of the company’s stock, valued at approximately $7,711,269.28. This represents 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 currently owned by insiders.

Institutional Investors Weigh In On QuinStreet

Large investors have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of QuinStreet during the 4th quarter worth $3,951,000. PharVision Advisers LLC acquired a new stake in QuinStreet during the fourth quarter worth approximately $405,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in QuinStreet by 19.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 111,231 shares of the technology company’s stock valued at $2,566,000 after acquiring an additional 18,410 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of QuinStreet by 47.5% in the 4th quarter. ProShare Advisors LLC now owns 16,275 shares of the technology company’s stock valued at $375,000 after purchasing an additional 5,238 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its stake in QuinStreet by 6.2% in the fourth quarter. Nomura Holdings Inc. now owns 187,892 shares of the technology company’s stock valued at $4,335,000 after buying an additional 10,997 shares during the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

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.