Craig Hallum Raises QuinStreet (NASDAQ:QNST) Price Target to $20.00

QuinStreet (NASDAQ:QNST - Free Report) had its target price lifted by Craig Hallum from $14.00 to $20.00 in a report issued on Thursday morning, Benzinga reports. The firm currently has a hold rating on the technology company's stock.

Several other equities research analysts have also recently weighed in on the stock. B. Riley began coverage on shares of QuinStreet in a research report on Friday, April 19th. They set a buy rating and a $21.50 price objective for the company. StockNews.com upgraded shares of QuinStreet to a sell rating in a research report on Saturday, April 13th. Barrington Research increased their target price on shares of QuinStreet from $20.00 to $22.00 and gave the stock an outperform rating in a research note on Thursday. Finally, Stephens increased their target price on shares of QuinStreet from $17.00 to $18.00 and gave the stock an overweight rating in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, QuinStreet currently has an average rating of Hold and a consensus price target of $20.38.

QuinStreet Price Performance

Shares of QNST traded up $0.15 during trading hours on Thursday, hitting $18.91. 1,206,307 shares of the stock were exchanged, compared to its average volume of 404,041. QuinStreet has a fifty-two week low of $6.79 and a fifty-two week high of $19.58. The business has a 50-day moving average of $16.86 and a 200-day moving average of $14.03. The firm has a market capitalization of $1.04 billion, a P/E ratio of -13.13 and a beta of 1.11.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.05). QuinStreet had a negative return on equity of 32.98% and a negative net margin of 14.28%. The firm had revenue of $122.68 million for the quarter, compared to analyst estimates of $116.46 million. As a group, analysts forecast that QuinStreet will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,407 shares of the firm's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $15.03, for a total value of $126,357.21. Following the transaction, the chief financial officer now directly owns 295,204 shares of the company's stock, valued at $4,436,916.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.30% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in QNST. FMR LLC lifted its position in shares of QuinStreet by 46.8% during 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 in the last quarter. Impax Asset Management Group plc lifted its position in shares of QuinStreet by 16.0% during the third quarter. Impax Asset Management Group plc now owns 1,310,395 shares of the technology company's stock valued at $11,754,000 after purchasing an additional 180,477 shares in the last quarter. Basswood Capital Management L.L.C. increased its holdings in QuinStreet by 20.6% during the fourth quarter. Basswood Capital Management L.L.C. now owns 1,007,188 shares of the technology company's stock worth $12,912,000 after buying an additional 171,838 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of QuinStreet by 1,634.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 178,531 shares of the technology company's stock valued at $2,289,000 after acquiring an additional 168,235 shares during the period. Finally, Nomura Holdings Inc. raised its holdings in shares of QuinStreet by 92.2% in the 3rd quarter. Nomura Holdings Inc. now owns 300,401 shares of the technology company's stock worth $2,695,000 after purchasing an additional 144,129 shares during the period. 97.83% of the stock is owned by institutional investors.

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.