Barrington Research Raises QuinStreet (NASDAQ:QNST) Price Target to $20.00

QuinStreet (NASDAQ:QNST) had its target price raised by research analysts at Barrington Research from $16.00 to $20.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Barrington Research’s target price points to a potential upside of 15.47% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. StockNews.com upgraded QuinStreet to a “sell” rating in a research note on Saturday, April 13th. Stephens lifted their price objective on QuinStreet from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Finally, B. Riley initiated coverage on QuinStreet in a report on Friday. They issued a “buy” rating and a $21.50 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, QuinStreet has an average rating of “Hold” and a consensus price target of $17.38.

QuinStreet Stock Performance

NASDAQ:QNST traded up $0.26 during trading on Tuesday, reaching $17.32. The company’s stock had a trading volume of 39,164 shares, compared to its average volume of 375,520. The firm has a market cap of $950.69 million, a price-to-earnings ratio of -12.06 and a beta of 1.14. The firm has a 50 day moving average of $16.17 and a 200-day moving average of $13.36. QuinStreet has a 12 month low of $6.79 and a 12 month high of $17.76.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.05). The business had revenue of $122.68 million during the quarter, compared to the consensus estimate of $116.46 million. QuinStreet had a negative net margin of 14.28% and a negative return on equity of 32.98%. Equities research analysts forecast that QuinStreet will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other QuinStreet news, CFO Gregory Wong sold 8,407 shares of QuinStreet stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $15.03, for a total transaction of $126,357.21. Following the completion of the transaction, the chief financial officer now owns 295,204 shares of the company’s stock, valued at approximately $4,436,916.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. SVB Wealth LLC grew its holdings in QuinStreet by 68.1% during the 4th quarter. SVB Wealth LLC now owns 273,356 shares of the technology company’s stock valued at $3,504,000 after buying an additional 110,766 shares in the last quarter. Naples Money Management LLC bought a new stake in shares of QuinStreet during the 4th quarter valued at about $38,000. Nomura Holdings Inc. boosted its position in shares of QuinStreet by 92.2% during the 3rd quarter. Nomura Holdings Inc. now owns 300,401 shares of the technology company’s stock valued at $2,695,000 after acquiring an additional 144,129 shares during the last quarter. Barclays PLC boosted its position in shares of QuinStreet by 40.8% during the 3rd quarter. Barclays PLC now owns 52,545 shares of the technology company’s stock valued at $472,000 after acquiring an additional 15,215 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of QuinStreet by 2.9% during the 3rd quarter. William Blair Investment Management LLC now owns 2,182,365 shares of the technology company’s stock valued at $19,576,000 after acquiring an additional 61,717 shares during the last quarter. Hedge funds and other institutional investors 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.