QuinStreet, Inc. (NASDAQ:QNST) Stock Has Average Price Target of $23.50 According to Analysts

Key Points

• Analysts maintain a Moderate Buy consensus on QuinStreet, with four buy ratings and two holds among six analysts. The average 12-month price target is $23.50, above the reported share price of $16.52.
• QuinStreet’s latest quarterly results exceeded expectations, with EPS of $0.50 versus the $0.44 consensus and revenue of $373.88 million versus estimates of $359.95 million.
• Insiders sold substantial shares recently, including CEO Douglas Valenti’s $15.4 million sale under a Rule 10b5-1 plan; institutional investors nevertheless own 97.83% of the company.

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) has earned an average rating of "Moderate Buy" from the six research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $23.50.

Several analysts have recently weighed in on QNST shares. Northland Securities set a $23.00 price objective on QuinStreet in a report on Thursday, September 17th. Zacks Research lowered QuinStreet from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 6th. Weiss Ratings upgraded shares of QuinStreet from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, October 16th. Lake Street Capital raised shares of QuinStreet from a "hold" rating to a "buy" rating and set a $21.00 price target for the company in a report on Friday, August 7th. Finally, Wall Street Zen raised shares of QuinStreet from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 29th.

QuinStreet Stock Performance

Shares of QNST opened at $16.52 on Monday. The stock has a market capitalization of $945.27 million, a PE ratio of 11.72 and a beta of 0.74. The business's fifty day moving average price is $17.33 and its 200 day moving average price is $15.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.22 and a quick ratio of 1.22. QuinStreet has a 12-month low of $10.28 and a 12-month high of $22.29.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%. The business had revenue of $373.88 million during the quarter, compared to analyst estimates of $359.95 million. Equities research analysts forecast that QuinStreet will post 1.06 EPS for the current year.

Insider Buying and Selling at QuinStreet

In other news, Director Asmau Ahmed sold 10,000 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $20.30, for a total value of $203,000.00. Following the transaction, the director directly owned 24,979 shares of the company's stock, valued at approximately $507,073.70. This represents a 28.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas Valenti sold 751,631 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $20.50, for a total value of $15,408,435.50. Following the completion of the transaction, the chief executive officer owned 996,278 shares in the company, valued at $20,423,699. This represents a 43.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 829,631 shares of company stock valued at $16,999,952 in the last three months. 3.50% of the stock is currently owned by company insiders.

Institutional Trading of QuinStreet

Institutional investors and hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC lifted its position in shares of QuinStreet by 842.8% during the 3rd quarter. Sterling Capital Management LLC now owns 1,829 shares of the technology company's stock worth $27,000 after purchasing an additional 1,635 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in QuinStreet by 160.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,324 shares of the technology company's stock valued at $80,000 after purchasing an additional 3,276 shares during the period. Tidal Investments LLC bought a new stake in QuinStreet during the 2nd quarter valued at approximately $155,000. WINTON GROUP Ltd grew its holdings in QuinStreet by 45.2% in the 2nd quarter. WINTON GROUP Ltd now owns 22,800 shares of the technology company's stock valued at $334,000 after buying an additional 7,100 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in QuinStreet in the 2nd quarter valued at approximately $114,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

About QuinStreet

QuinStreet, Inc is a performance marketing and online marketplace company that connects consumers with brands and service providers. The company uses digital media, data, and technology to help businesses acquire customers and generate leads through channels such as search, social media, display advertising, and other online marketing platforms.

QuinStreet operates vertical marketplaces in areas including insurance, financial services, home services, and business services. Its platforms help consumers research products and services, compare available options, and connect with providers, while giving advertisers tools to reach consumers who are actively seeking information or purchasing opportunities.

Founded in 1999, QuinStreet is headquartered in Foster City, California, and primarily serves the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.