QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) has received an average recommendation of "Moderate Buy" from the five brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $29.00.
A number of brokerages have weighed in on QNST. Lake Street Capital boosted their target price on QuinStreet from $20.00 to $25.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. B. Riley boosted their price objective on shares of QuinStreet from $24.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. StockNews.com cut shares of QuinStreet from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Barrington Research reiterated an "outperform" rating and set a $29.00 target price on shares of QuinStreet in a research note on Friday, December 6th. Finally, Craig Hallum raised their price target on QuinStreet from $25.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th.
View Our Latest Research Report on QNST
In other QuinStreet news, Director Stuart Huizinga sold 7,020 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $23.21, for a total value of $162,934.20. Following the completion of the transaction, the director now directly owns 174,903 shares in the company, valued at $4,059,498.63. This represents a 3.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew Glickman sold 30,000 shares of the firm's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the sale, the director now owns 113,140 shares in the company, valued at $2,560,358.20. The trade was a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,000 shares of company stock valued at $910,374. 5.00% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. grew its position in shares of QuinStreet by 27.5% during the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company's stock worth $33,763,000 after purchasing an additional 438,947 shares in the last quarter. Divisadero Street Capital Management LP bought a new position in QuinStreet in the 2nd quarter worth approximately $6,499,000. Driehaus Capital Management LLC grew its holdings in QuinStreet by 17.6% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company's stock valued at $25,050,000 after buying an additional 225,720 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of QuinStreet by 248.7% during the second quarter. Squarepoint Ops LLC now owns 174,367 shares of the technology company's stock valued at $2,893,000 after buying an additional 124,367 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of 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 buying an additional 109,892 shares in the last quarter. 97.83% of the stock is owned by institutional investors.
NASDAQ:QNST opened at $21.30 on Friday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -53.25 and a beta of 1.07. The company's 50 day moving average price is $21.15 and its 200-day moving average price is $19.01. QuinStreet has a 52 week low of $11.22 and a 52 week high of $26.27.
QuinStreet (NASDAQ:QNST - Get Free Report) last issued its earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.15 by $0.07. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The business had revenue of $279.22 million for the quarter, compared to the consensus estimate of $222.68 million. During the same period last year, the business posted ($0.19) EPS. The company's revenue was up 125.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that QuinStreet will post 0.15 earnings per share for the current year.
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.
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