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

Barrington Research restated their outperform rating on shares of QuinStreet (NASDAQ:QNST) in a report published on Friday,Benzinga reports. The firm currently has a $29.00 price objective on the technology company’s stock.

A number of other research analysts have also weighed in on the company. StockNews.com lowered QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Stephens raised their price target on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Lake Street Capital upped their price objective on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Craig Hallum raised their target price on shares of QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, B. Riley upped their price target on shares of QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.80.

QuinStreet Stock Down 4.3 %

NASDAQ QNST opened at $24.10 on Friday. QuinStreet has a twelve month low of $13.75 and a twelve month high of $26.27. The business has a 50-day moving average price of $22.72 and a 200-day moving average price of $20.58.

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

Insider Buying and Selling

In related news, CEO Douglas Valenti sold 10,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total value of $250,200.00. Following the sale, the chief executive officer now directly owns 1,836,754 shares of the company’s stock, valued at $45,955,585.08. This represents a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stuart Huizinga sold 2,980 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $23.00, for a total value of $68,540.00. Following the transaction, the director now directly owns 171,923 shares in the company, valued at approximately $3,954,229. This represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $1,160,574 over the last three months. 5.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in QNST. SVB Wealth LLC purchased a new stake in QuinStreet in the 4th quarter valued at about $3,508,000. JPMorgan Chase & Co. boosted its holdings in shares of QuinStreet by 39.7% in the third quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company’s stock valued at $8,601,000 after purchasing an additional 127,689 shares during the period. FMR LLC grew its stake in QuinStreet by 5.2% in the third quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock worth $42,724,000 after purchasing an additional 109,892 shares in the last quarter. Lisanti Capital Growth LLC purchased a new position in QuinStreet during the 4th quarter worth $2,031,000. Finally, Barclays PLC lifted its holdings in shares of QuinStreet by 149.7% in the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company’s stock worth $2,436,000 after buying an additional 76,389 shares during the period. 97.83% of the stock is currently owned by institutional investors.

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.