QuinStreet (NASDAQ:QNST) Given New $27.00 Price Target at Lake Street Capital

QuinStreet (NASDAQ:QNST) had its price target lifted by Lake Street Capital from $25.00 to $27.00 in a report published on Friday,Benzinga reports. Lake Street Capital currently has a hold rating on the technology company’s stock.

QNST has been the topic of a number of other research reports. StockNews.com downgraded shares of QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. B. Riley reissued a “buy” rating and set a $34.00 price target (up from $32.00) on shares of QuinStreet in a report on Friday. Barrington Research reaffirmed an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a report on Friday. Stephens upped their price objective on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Craig Hallum raised their target price on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.80.

QuinStreet Stock Down 4.3 %

QNST stock opened at $24.10 on Friday. The stock’s 50 day simple moving average is $22.72 and its 200 day simple moving average is $20.58. QuinStreet has a 12-month low of $13.75 and a 12-month high of $26.27.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data 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 4.16%. As a group, equities research analysts anticipate that QuinStreet will post 0.15 earnings per share for the current year.

Insider Activity at QuinStreet

In other QuinStreet news, CEO Douglas Valenti sold 10,000 shares of the company’s 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stuart Huizinga sold 7,020 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $23.21, for a total transaction of $162,934.20. Following the sale, the director now owns 174,903 shares in the company, valued at $4,059,498.63. The trade was a 3.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,000 shares of company stock worth $1,160,574. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On QuinStreet

A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in QuinStreet by 39.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company’s stock worth $8,601,000 after purchasing an additional 127,689 shares in the last quarter. State Street Corp lifted its holdings in shares of QuinStreet by 2.1% in the third quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock worth $38,068,000 after buying an additional 41,538 shares in the last quarter. Barclays PLC boosted its position in shares of QuinStreet by 149.7% during the third quarter. Barclays PLC now owns 127,404 shares of the technology company’s stock worth $2,436,000 after acquiring an additional 76,389 shares during the last quarter. Geode Capital Management LLC grew its stake in QuinStreet by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company’s stock valued at $24,315,000 after acquiring an additional 36,963 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in QuinStreet by 8.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 495,538 shares of the technology company’s stock valued at $9,480,000 after acquiring an additional 40,236 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

About QuinStreet

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.