QuinStreet (NASDAQ:QNST) Given New $20.00 Price Target at Barrington Research

QuinStreet (NASDAQ:QNST) had its price target upped by Barrington Research from $16.00 to $20.00 in a research note published on Tuesday morning, Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

Other research analysts have also issued reports about the stock. B. Riley assumed coverage on shares of QuinStreet in a research note on Friday, April 19th. They set a buy rating and a $21.50 target price on the stock. StockNews.com raised shares of QuinStreet to a sell rating in a research note on Saturday, April 13th. 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 analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $17.38.

QuinStreet Stock Performance

NASDAQ:QNST opened at $17.31 on Tuesday. The firm’s fifty day moving average is $16.33 and its 200-day moving average is $13.53. QuinStreet has a 52 week low of $6.79 and a 52 week high of $17.76. The firm has a market cap of $950.15 million, a P/E ratio of -12.02 and a beta of 1.14.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.21) 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 firm had revenue of $122.68 million during the quarter, compared to the consensus estimate of $116.46 million. As a group, sell-side analysts anticipate that QuinStreet will post -0.43 earnings per share for the current 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. Carmel Capital Partners LLC bought a new position in shares of QuinStreet in the third quarter valued at $34,000. Naples Money Management LLC purchased a new stake in shares of QuinStreet in the fourth quarter valued at about $38,000. Assenagon Asset Management S.A. purchased a new stake in shares of QuinStreet in the third quarter valued at about $92,000. Syon Capital LLC purchased a new stake in shares of QuinStreet in the third quarter valued at about $105,000. Finally, Potomac Capital Management Inc. purchased a new stake in shares of QuinStreet in the third quarter valued at about $117,000. 97.83% of the stock is owned by institutional investors.

QuinStreet Company Profile

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.