QuinStreet (NASDAQ:QNST) Research Coverage Started at B. Riley

Analysts at B. Riley initiated coverage on shares of QuinStreet (NASDAQ:QNST) in a report released on Friday, StockNewsAPI reports. The firm set a “buy” rating and a $21.50 price target on the technology company’s stock. B. Riley’s price target would indicate a potential upside of 28.74% from the stock’s previous close.

QNST has been the topic of several other research reports. Stephens boosted 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. Barrington Research reiterated an “outperform” rating and issued a $16.00 target price on shares of QuinStreet in a research report on Thursday, February 8th. Finally, StockNews.com raised QuinStreet to a “sell” rating in a research note on Saturday, April 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.38.

QuinStreet Stock Up 3.1 %

NASDAQ QNST traded up $0.50 during trading hours on Friday, reaching $16.70. The company’s stock had a trading volume of 35,948 shares, compared to its average volume of 378,402. QuinStreet has a 1 year low of $6.79 and a 1 year high of $17.76. The company has a market capitalization of $916.66 million, a price-to-earnings ratio of -11.60 and a beta of 1.14. The firm’s 50-day moving average price is $16.10 and its 200-day moving average price is $13.19.

QuinStreet (NASDAQ:QNST) last released 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). QuinStreet had a negative net margin of 14.28% and a negative return on equity of 32.98%. The company had revenue of $122.68 million for the quarter, compared to the consensus estimate of $116.46 million. Equities research analysts anticipate that QuinStreet will post -0.41 EPS for the current fiscal year.

Insider Activity

In related news, CFO Gregory Wong sold 8,407 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $15.03, for a total value of $126,357.21. Following the completion of the transaction, the chief financial officer now owns 295,204 shares of the company’s stock, valued at approximately $4,436,916.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.30% of the company’s stock.

Institutional Trading of QuinStreet

A number of institutional investors have recently bought and sold shares of the stock. Carmel Capital Partners LLC bought a new position in QuinStreet during the third quarter valued at $34,000. Naples Money Management LLC bought a new stake in shares of QuinStreet in the 4th quarter worth about $38,000. Quarry LP purchased a new position in shares of QuinStreet during the 2nd quarter worth about $62,000. Assenagon Asset Management S.A. bought a new position in QuinStreet during the 3rd quarter valued at about $92,000. Finally, State of Wyoming raised its position in QuinStreet by 62.2% in the 4th quarter. State of Wyoming now owns 7,193 shares of the technology company’s stock worth $103,000 after purchasing an additional 2,757 shares during the period. 97.83% of the stock is currently 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.