Analysts Set QuinStreet Inc (QNST) Price Target at $16.65

QuinStreet Inc (NASDAQ:QNST) has been assigned a consensus rating of “Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $17.55.

A number of equities analysts have weighed in on QNST shares. BidaskClub lowered QuinStreet from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 24th. Barrington Research reissued a “buy” rating and issued a $15.00 target price on shares of QuinStreet in a research report on Wednesday, April 25th. Stephens reissued a “buy” rating and issued a $16.00 target price on shares of QuinStreet in a research report on Tuesday, August 7th. Singular Research started coverage on QuinStreet in a research report on Friday, July 6th. They issued a “long” rating and a $16.75 target price for the company. Finally, TheStreet lowered QuinStreet from a “b” rating to a “c+” rating in a research report on Tuesday, May 1st.

QuinStreet traded up $0.25, reaching $13.60, during mid-day trading on Friday, MarketBeat Ratings reports. The company’s stock had a trading volume of 491,394 shares, compared to its average volume of 610,555. QuinStreet has a 12-month low of $3.85 and a 12-month high of $15.05. The firm has a market cap of $629.24 million, a price-to-earnings ratio of 42.50, a price-to-earnings-growth ratio of 1.57 and a beta of 0.98.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Tuesday, August 7th. The technology company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.06. QuinStreet had a return on equity of 12.72% and a net margin of 3.94%. The business had revenue of $111.50 million during the quarter, compared to analyst estimates of $100.62 million. During the same quarter in the previous year, the firm earned $0.06 EPS. QuinStreet’s revenue was up 36.8% on a year-over-year basis. sell-side analysts anticipate that QuinStreet will post 0.34 EPS for the current year.

In other QuinStreet news, Director James R. Simons sold 229,718 shares of the business’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $12.39, for a total transaction of $2,846,206.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James R. Simons sold 288,104 shares of the business’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $13.24, for a total value of $3,814,496.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 959,746 shares of company stock valued at $12,790,067. Corporate insiders own 24.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of QuinStreet by 7.1% during the 2nd quarter. BlackRock Inc. now owns 5,549,779 shares of the technology company’s stock valued at $70,481,000 after purchasing an additional 367,311 shares during the period. Acadian Asset Management LLC grew its stake in shares of QuinStreet by 62.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,426,427 shares of the technology company’s stock valued at $18,116,000 after purchasing an additional 547,696 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of QuinStreet by 26.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,332,632 shares of the technology company’s stock valued at $16,925,000 after purchasing an additional 279,867 shares during the period. Hood River Capital Management LLC bought a new position in shares of QuinStreet during the 1st quarter valued at approximately $12,358,000. Finally, American Century Companies Inc. grew its stake in shares of QuinStreet by 30.3% during the 2nd quarter. American Century Companies Inc. now owns 604,191 shares of the technology company’s stock valued at $7,673,000 after acquiring an additional 140,655 shares during the period. Institutional investors and hedge funds own 75.74% of the company’s stock.

About QuinStreet

QuinStreet, Inc, an Internet performance marketing and media company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

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