QuinStreet (QNST) Earns “Buy” Rating from Barrington Research

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Barrington Research restated their buy rating on shares of QuinStreet (NASDAQ:QNST) in a research report released on Thursday, AnalystRatings.com reports. Barrington Research currently has a $20.00 price target on the technology company’s stock.

Several other analysts have also recently issued reports on QNST. Zacks Investment Research cut QuinStreet from a hold rating to a sell rating in a research report on Friday, April 26th. ValuEngine cut QuinStreet from a buy rating to a hold rating in a research report on Wednesday, February 20th. Finally, BidaskClub cut QuinStreet from a buy rating to a hold rating in a research report on Friday, February 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $18.63.

QNST traded up $0.05 during trading on Thursday, hitting $15.78. 13,686 shares of the stock were exchanged, compared to its average volume of 579,791. The company has a market capitalization of $788.86 million, a P/E ratio of 49.28, a PEG ratio of 1.56 and a beta of 0.75. QuinStreet has a 1 year low of $12.12 and a 1 year high of $20.02.

In other news, Director Andrew T. Sheehan sold 100,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $15.25, for a total value of $1,525,000.00. Following the completion of the sale, the director now owns 36,621 shares of the company’s stock, valued at approximately $558,470.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas Valenti sold 32,500 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $13.06, for a total value of $424,450.00. Following the completion of the sale, the chief executive officer now directly owns 251,250 shares of the company’s stock, valued at approximately $3,281,325. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of QNST. BlueCrest Capital Management Ltd purchased a new position in QuinStreet in the 1st quarter worth $158,000. HighTower Advisors LLC purchased a new position in QuinStreet in the 1st quarter worth $146,000. Park West Asset Management LLC raised its stake in QuinStreet by 104.9% in the 1st quarter. Park West Asset Management LLC now owns 4,202,105 shares of the technology company’s stock worth $56,266,000 after acquiring an additional 2,151,055 shares during the last quarter. Dana Investment Advisors Inc. raised its stake in QuinStreet by 17.4% in the 1st quarter. Dana Investment Advisors Inc. now owns 151,890 shares of the technology company’s stock worth $2,034,000 after acquiring an additional 22,491 shares during the last quarter. Finally, Man Group plc purchased a new position in QuinStreet in the 1st quarter worth $346,000. 95.01% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Company Profile

QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

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Analyst Recommendations for QuinStreet (NASDAQ:QNST)

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