QuinStreet, Inc. (NASDAQ:QNST) Given Consensus Rating of "Moderate Buy" by Analysts

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) has been given an average recommendation of "Moderate Buy" by the four research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $20.38.

QNST has been the topic of a number of research analyst reports. Craig Hallum increased their price target on shares of QuinStreet from $14.00 to $20.00 and gave the stock a "hold" rating in a report on Thursday. Barrington Research lifted their price target on QuinStreet from $20.00 to $22.00 and gave the stock an "outperform" rating in a research note on Thursday. StockNews.com upgraded QuinStreet to a "sell" rating in a research report on Saturday, April 13th. B. Riley initiated coverage on QuinStreet in a research note on Friday, April 19th. They issued a "buy" rating and a $21.50 target price for the company. Finally, Stephens lifted their price target 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.

QuinStreet Price Performance

NASDAQ:QNST traded up $0.15 during trading hours on Thursday, hitting $18.91. The stock had a trading volume of 1,206,307 shares, compared to its average volume of 404,041. The company has a 50 day simple moving average of $16.95 and a two-hundred day simple moving average of $14.06. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -13.13 and a beta of 1.11. QuinStreet has a one year low of $6.79 and a one year high of $19.58.

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 (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.05). The business had revenue of $122.68 million for the quarter, compared to the consensus estimate of $116.46 million. QuinStreet had a negative net margin of 14.28% and a negative return on equity of 32.98%. Equities research analysts anticipate that QuinStreet will post -0.43 earnings per share for the current year.

Insider Buying and Selling at QuinStreet

In related news, CFO Gregory Wong sold 8,407 shares of the business's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $15.03, for a total transaction of $126,357.21. Following the transaction, the chief financial officer now owns 295,204 shares in the company, valued at approximately $4,436,916.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On QuinStreet

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in QuinStreet in the third quarter worth $127,000. Carmel Capital Partners LLC purchased a new stake in shares of QuinStreet in the 3rd quarter worth about $34,000. Syon Capital LLC bought a new position in shares of QuinStreet in the 3rd quarter worth about $105,000. Assenagon Asset Management S.A. purchased a new position in QuinStreet during the 3rd quarter valued at about $92,000. Finally, Illinois Municipal Retirement Fund bought a new stake in QuinStreet during the third quarter worth about $271,000. 97.83% of the stock is owned by hedge funds and other 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.