QuinStreet’s (QNST) Outperform Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of QuinStreet (NASDAQ:QNST) in a report released on Wednesday morning,Benzinga reports. Barrington Research currently has a $29.00 target price on the technology company’s stock.

Several other equities analysts have also recently commented on QNST. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. B. Riley reissued a “buy” rating and set a $34.00 price target (up previously from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Finally, Lake Street Capital raised their price objective on QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.80.

QuinStreet Stock Performance

NASDAQ:QNST opened at $17.92 on Wednesday. QuinStreet has a 52 week low of $15.20 and a 52 week high of $26.27. The firm’s 50-day simple moving average is $20.80 and its 200 day simple moving average is $20.93. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -81.45 and a beta of 1.13.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. Sell-side analysts anticipate that QuinStreet will post 0.12 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Gregory Wong sold 8,516 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total value of $194,846.08. Following the completion of the sale, the chief financial officer now directly owns 337,031 shares of the company’s stock, valued at $7,711,269.28. The trade was a 2.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas Valenti sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On QuinStreet

A number of institutional investors have recently modified their holdings of QNST. Quantbot Technologies LP acquired a new position in QuinStreet during the third quarter worth $29,000. Arcadia Investment Management Corp MI bought a new position in shares of QuinStreet in the fourth quarter valued at approximately $38,000. KBC Group NV boosted its position in shares of QuinStreet by 64.5% during the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock valued at $82,000 after buying an additional 1,396 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in QuinStreet by 43.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock worth $88,000 after buying an additional 1,162 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in QuinStreet in the 4th quarter valued at $112,000. 97.83% of the stock is owned by institutional investors and hedge funds.

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.