QuinStreet (NASDAQ:QNST) Given New $27.00 Price Target at Lake Street Capital

QuinStreet (NASDAQ:QNST) had its price target lifted by Lake Street Capital from $25.00 to $27.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a hold rating on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com cut shares of QuinStreet from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Stephens upped their price target on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Barrington Research reiterated an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a report on Friday. B. Riley reissued a “buy” rating and issued a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a research note on Friday. Finally, Craig Hallum raised their price target on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.80.

QuinStreet Stock Down 4.3 %

Shares of QNST stock opened at $24.10 on Friday. The business has a 50-day moving average price of $22.72 and a two-hundred day moving average price of $20.58. QuinStreet has a 12-month low of $13.75 and a 12-month high of $26.27.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.16%. On average, sell-side analysts forecast that QuinStreet will post 0.15 EPS for the current year.

Insider Transactions at QuinStreet

In other QuinStreet news, Director Stuart Huizinga sold 2,980 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $23.00, for a total value of $68,540.00. Following the completion of the sale, the director now directly owns 171,923 shares in the company, valued at $3,954,229. This trade represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Matthew Glickman sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total value of $678,900.00. Following the transaction, the director now owns 113,140 shares in the company, valued at $2,560,358.20. This trade represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,000 shares of company stock worth $1,160,574. 5.00% of the stock is currently owned by insiders.

Institutional Trading of QuinStreet

Hedge funds have recently modified their holdings of the business. US Bancorp DE lifted its position in QuinStreet by 880.3% during the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after acquiring an additional 1,250 shares during the period. Quantbot Technologies LP bought a new position in shares of QuinStreet during the third quarter valued at approximately $29,000. Arcadia Investment Management Corp MI purchased a new position in shares of QuinStreet during the fourth quarter valued at approximately $38,000. KBC Group NV boosted its position in shares of QuinStreet by 64.5% in the 4th quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock worth $82,000 after purchasing an additional 1,396 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in QuinStreet by 43.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock valued at $88,000 after buying an additional 1,162 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

About QuinStreet

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.