Shares of QuinStreet Inc (NASDAQ:QNST) have received a consensus rating of “Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $17.35.

Several equities analysts recently commented on the stock. ValuEngine downgraded shares of QuinStreet from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. BidaskClub raised shares of QuinStreet from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 3rd. Zacks Investment Research raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, November 7th. Craig Hallum reissued a “buy” rating on shares of QuinStreet in a research note on Wednesday, October 31st. Finally, William Blair assumed coverage on shares of QuinStreet in a research note on Thursday, October 4th. They issued an “outperform” rating for the company.

In related news, CEO Douglas Valenti sold 38,320 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $14.34, for a total value of $549,508.80. Following the completion of the transaction, the chief executive officer now owns 287,919 shares of the company’s stock, valued at approximately $4,128,758.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James R. Simons sold 25,073 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $13.66, for a total transaction of $342,497.18. The disclosure for this sale can be found here. In the last three months, insiders sold 1,148,212 shares of company stock valued at $17,982,701. 12.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in QuinStreet by 2.1% during the third quarter. BlackRock Inc. now owns 5,668,362 shares of the technology company’s stock worth $76,919,000 after buying an additional 118,583 shares during the last quarter. Acadian Asset Management LLC raised its stake in QuinStreet by 16.5% during the third quarter. Acadian Asset Management LLC now owns 1,662,070 shares of the technology company’s stock worth $22,556,000 after buying an additional 235,643 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in QuinStreet by 13.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,516,440 shares of the technology company’s stock worth $20,578,000 after buying an additional 183,808 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in QuinStreet during the third quarter worth $10,420,000. Finally, AQR Capital Management LLC raised its stake in QuinStreet by 215.6% during the third quarter. AQR Capital Management LLC now owns 764,072 shares of the technology company’s stock worth $10,368,000 after buying an additional 521,999 shares during the last quarter. 79.80% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ QNST traded down $0.52 during trading hours on Tuesday, hitting $13.95. 740,000 shares of the stock were exchanged, compared to its average volume of 713,475. The firm has a market capitalization of $739.35 million, a price-to-earnings ratio of 43.59, a P/E/G ratio of 1.10 and a beta of 0.70. QuinStreet has a 1-year low of $8.24 and a 1-year high of $17.75.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Tuesday, October 30th. The technology company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The business had revenue of $112.90 million during the quarter, compared to the consensus estimate of $103.59 million. QuinStreet had a net margin of 4.60% and a return on equity of 14.14%. The firm’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 EPS. Equities research analysts predict that QuinStreet will post 0.54 earnings per share for the current year.

About QuinStreet

QuinStreet, Inc, an Internet performance marketing 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.

Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers

Analyst Recommendations for QuinStreet (NASDAQ:QNST)

Receive News & Ratings for QuinStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuinStreet and related companies with MarketBeat.com's FREE daily email newsletter.