QuinStreet (NASDAQ:QNST) Given “Outperform” Rating at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of QuinStreet (NASDAQ:QNST) in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a $29.00 target price on the technology company’s stock.

A number of other brokerages also recently issued reports on QNST. Lake Street Capital upped their price target on QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a report on Friday, February 7th. B. Riley restated a “buy” rating and set a $34.00 price objective (up previously from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Finally, StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, QuinStreet currently has an average rating of “Moderate Buy” and a consensus target price of $29.80.

QuinStreet Stock Up 1.8 %

NASDAQ QNST opened at $16.89 on Wednesday. QuinStreet has a 52 week low of $14.39 and a 52 week high of $26.27. The firm has a 50 day moving average of $17.86 and a two-hundred day moving average of $20.47. The stock has a market capitalization of $953.76 million, a PE ratio of -76.77 and a beta of 0.91.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. On average, equities research analysts expect that QuinStreet will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at QuinStreet

In related news, CFO Gregory Wong sold 8,516 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total value of $194,846.08. Following the completion of the sale, the chief financial officer now owns 337,031 shares in the company, valued at $7,711,269.28. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas Valenti sold 10,000 shares of QuinStreet stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $25.02, for a total value of $250,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,836,754 shares in the company, valued at $45,955,585.08. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. 5.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On QuinStreet

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arcadia Investment Management Corp MI acquired a new stake in shares of QuinStreet in the fourth quarter valued at about $38,000. KBC Group NV increased its holdings in QuinStreet by 64.5% in the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock valued at $82,000 after buying an additional 1,396 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of QuinStreet by 43.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock valued at $88,000 after acquiring an additional 1,162 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of QuinStreet during the 4th quarter valued at approximately $112,000. Finally, BankPlus Trust Department purchased a new stake in shares of QuinStreet during the 4th quarter worth approximately $198,000. Institutional investors and hedge funds 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.