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

QuinStreet, Inc. (NASDAQ:QNST) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $23.50.

Several research firms have weighed in on QNST. Lake Street Capital upgraded 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. Northland Securities set a $23.00 price objective on QuinStreet in a research note on Thursday, September 17th. B. Riley Financial reaffirmed a “buy” rating on shares of QuinStreet in a report on Friday, August 7th. Weiss Ratings upgraded QuinStreet from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Finally, Zacks Research downgraded QuinStreet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th.

QuinStreet Stock Up 2.1%

NASDAQ QNST opened at $16.35 on Monday. QuinStreet has a 52 week low of $10.28 and a 52 week high of $22.29. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $935.55 million, a P/E ratio of 11.60 and a beta of 0.74. The stock’s 50-day moving average price is $17.10 and its 200-day moving average price is $14.47.

QuinStreet (NASDAQ:QNST) last announced 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 company had revenue of $373.88 million during the quarter, compared to the consensus estimate of $359.95 million. On average, equities research analysts predict that QuinStreet will post 1.06 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Douglas Valenti sold 751,631 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $20.50, for a total transaction of $15,408,435.50. Following the sale, the chief executive officer owned 996,278 shares of the company’s stock, valued at $20,423,699. This represents a 43.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. Also, CFO Gregory Wong sold 11,704 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $20.44, for a total transaction of $239,229.76. Following the transaction, the chief financial officer owned 481,786 shares of the company’s stock, valued at $9,847,705.84. This trade represents a 2.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 829,631 shares of company stock worth $16,999,952. Insiders own 3.50% of the company’s stock.

Institutional Trading of QuinStreet

A number of large investors have recently made changes to their positions in QNST. Sterling Capital Management LLC increased 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 valued at $27,000 after purchasing an additional 1,635 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in QuinStreet by 54.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock valued at $36,000 after buying an additional 1,066 shares during the period. GAMMA Investing LLC lifted its position in QuinStreet by 17.0% in the second quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock worth $65,000 after buying an additional 649 shares during the last quarter. Allworth Financial LP bought a new stake in QuinStreet in the second quarter worth $66,000. Finally, Nisa Investment Advisors LLC lifted its position in QuinStreet by 160.0% in the third quarter. Nisa Investment Advisors LLC now owns 5,324 shares of the technology company’s stock worth $80,000 after buying an additional 3,276 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors.

QuinStreet Company Profile

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.