QuinStreet (NASDAQ:QNST) PT Lowered to $16.00 at Barrington Research

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QuinStreet (NASDAQ:QNST) had its price target reduced by Barrington Research from $20.00 to $16.00 in a research note published on Thursday, The Fly reports. Barrington Research currently has an outperform rating on the technology company’s stock.

QNST has been the subject of a number of other reports. Zacks Investment Research downgraded QuinStreet from a hold rating to a strong sell rating in a research note on Wednesday, July 17th. Northland Securities restated a buy rating and set a $18.00 price target on shares of QuinStreet in a research note on Monday, August 12th. Lake Street Capital assumed coverage on QuinStreet in a research note on Monday, June 24th. They set a buy rating and a $21.00 price target for the company. Stephens set a $19.00 price target on QuinStreet and gave the company a buy rating in a research note on Friday, August 9th. Finally, BidaskClub downgraded QuinStreet from a buy rating to a hold rating in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. QuinStreet currently has a consensus rating of Buy and a consensus price target of $18.60.

QuinStreet stock opened at $11.55 on Thursday. The business has a 50-day simple moving average of $15.26 and a two-hundred day simple moving average of $14.83. The company has a market cap of $528.60 million, a P/E ratio of 9.79, a P/E/G ratio of 0.75 and a beta of 0.61. QuinStreet has a 52-week low of $10.15 and a 52-week high of $20.02.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). The firm had revenue of $121.96 million for the quarter, compared to the consensus estimate of $128.92 million. QuinStreet had a net margin of 13.73% and a return on equity of 6.53%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 earnings per share. On average, equities research analysts forecast that QuinStreet will post 0.56 EPS for the current fiscal year.

In related news, CEO Douglas Valenti sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $16.09, for a total transaction of $522,925.00. Following the completion of the transaction, the chief executive officer now directly owns 232,500 shares in the company, valued at approximately $3,740,925. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robin Josephs sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $16.04, for a total value of $401,000.00. Following the transaction, the director now owns 125,404 shares of the company’s stock, valued at $2,011,480.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,000 shares of company stock valued at $1,529,775. 12.50% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in QNST. Stifel Financial Corp bought a new stake in shares of QuinStreet during the 4th quarter valued at approximately $207,000. Geode Capital Management LLC grew its holdings in shares of QuinStreet by 15.3% during the 4th quarter. Geode Capital Management LLC now owns 453,990 shares of the technology company’s stock valued at $7,367,000 after purchasing an additional 60,155 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of QuinStreet during the 4th quarter valued at approximately $173,000. Legal & General Group Plc grew its holdings in shares of QuinStreet by 7.7% during the 4th quarter. Legal & General Group Plc now owns 83,953 shares of the technology company’s stock valued at $1,353,000 after purchasing an additional 6,027 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of QuinStreet by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,589,376 shares of the technology company’s stock valued at $25,795,000 after purchasing an additional 72,936 shares during the last quarter. Institutional investors own 95.38% of the company’s stock.

About QuinStreet

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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