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

QuinStreet (NASDAQ:QNST) had its price objective increased by Barrington Research from $16.00 to $20.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an outperform rating on the technology company’s stock.

QNST has been the topic of a number of other research reports. Stephens upped their target price on QuinStreet from $17.00 to $18.00 and gave the company an overweight rating in a research note on Friday, March 15th. StockNews.com upgraded QuinStreet to a sell rating in a research report on Saturday, April 13th. Finally, B. Riley assumed coverage on QuinStreet in a research note on Friday, April 19th. They set a buy rating and a $21.50 price objective on the stock. One research 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. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $17.38.

QuinStreet Price Performance

Shares of NASDAQ:QNST opened at $17.25 on Tuesday. The business’s 50 day simple moving average is $16.22 and its 200-day simple moving average is $13.42. The firm has a market capitalization of $946.85 million, a price-to-earnings ratio of -11.98 and a beta of 1.14. 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 results on Wednesday, February 7th. The technology company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.05). The firm had revenue of $122.68 million for the quarter, compared to analysts’ expectations of $116.46 million. QuinStreet had a negative return on equity of 32.98% and a negative net margin of 14.28%. On average, equities analysts anticipate that QuinStreet will post -0.41 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On QuinStreet

A number of hedge funds and other institutional investors have recently made changes to their positions in QNST. Private Capital Management LLC increased its stake in QuinStreet by 1.4% in the fourth quarter. Private Capital Management LLC now owns 4,503,159 shares of the technology company’s stock valued at $57,730,000 after purchasing an additional 62,095 shares during the last quarter. Vanguard Group Inc. increased its stake in QuinStreet by 1.2% in the third quarter. Vanguard Group Inc. now owns 3,638,715 shares of the technology company’s stock valued at $32,639,000 after purchasing an additional 41,801 shares during the last quarter. William Blair Investment Management LLC increased its stake in QuinStreet by 2.9% in the third quarter. William Blair Investment Management LLC now owns 2,182,365 shares of the technology company’s stock valued at $19,576,000 after purchasing an additional 61,717 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in QuinStreet by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,866,930 shares of the technology company’s stock valued at $23,934,000 after purchasing an additional 114,980 shares during the last quarter. Finally, FMR LLC increased its stake in QuinStreet by 46.8% in the third quarter. FMR LLC now owns 1,814,168 shares of the technology company’s stock valued at $16,273,000 after purchasing an additional 578,228 shares during the last quarter. Hedge funds and other 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.