QuinStreet, Inc. (NASDAQ:QNST) Receives $15.75 Consensus Price Target from Analysts

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) has received an average recommendation of "Moderate Buy" from the four brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $15.75.

QNST has been the topic of a number of research reports. Stephens boosted their target price on shares of QuinStreet from $17.00 to $18.00 and gave the company an "overweight" rating in a research report on Friday, March 15th. StockNews.com upgraded shares of QuinStreet to a "sell" rating in a report on Tuesday, March 12th. Finally, Barrington Research restated an "outperform" rating and set a $16.00 price objective on shares of QuinStreet in a report on Thursday, February 8th.

QuinStreet Price Performance

Shares of QuinStreet stock traded down $0.12 during trading on Tuesday, reaching $17.43. 479,115 shares of the company traded hands, compared to its average volume of 389,708. QuinStreet has a 1-year low of $6.79 and a 1-year high of $17.76. The company has a 50 day moving average price of $15.46 and a 200-day moving average price of $12.79. The firm has a market capitalization of $956.73 million, a PE ratio of -12.19 and a beta of 1.14.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its earnings results on Wednesday, February 7th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.05). QuinStreet had a negative net margin of 14.28% and a negative return on equity of 32.98%. The company had revenue of $122.68 million for the quarter, compared to analyst estimates of $116.46 million. Equities research analysts expect that QuinStreet will post -0.41 earnings per share for the current year.

Insider Activity

In other news, CFO Gregory Wong sold 8,407 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $15.03, for a total value of $126,357.21. Following the completion of the sale, the chief financial officer now owns 295,204 shares in the company, valued at $4,436,916.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.30% of the stock is currently owned by corporate insiders.

Institutional Trading of QuinStreet

Institutional investors and hedge funds have recently made changes to their positions in the company. Naples Money Management LLC bought a new position in QuinStreet during the fourth quarter valued at about $38,000. Carmel Capital Partners LLC bought a new position in QuinStreet during the third quarter valued at about $34,000. Quarry LP bought a new position in QuinStreet during the second quarter valued at about $62,000. State of Wyoming grew its position in QuinStreet by 62.2% during the fourth quarter. State of Wyoming now owns 7,193 shares of the technology company's stock valued at $103,000 after buying an additional 2,757 shares during the period. Finally, Brevan Howard Capital Management LP bought a new position in QuinStreet during the fourth quarter valued at about $130,000. 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.