Brokerages Set QuinStreet, Inc. (NASDAQ:QNST) Price Target at $14.00

Posted by on May 23rd, 2023

Shares of QuinStreet, Inc. (NASDAQ:QNST – Get Rating) have been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $14.00.

Several research firms have issued reports on QNST. StockNews.com initiated coverage on QuinStreet in a report on Thursday, May 18th. They set a “hold” rating for the company. Barrington Research downgraded shares of QuinStreet from an “outperform” rating to a “market perform” rating in a report on Thursday, May 4th. Lake Street Capital cut their target price on QuinStreet from $15.00 to $10.00 in a research report on Thursday, May 4th. Craig Hallum cut QuinStreet from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. Finally, TheStreet downgraded shares of QuinStreet from a “c-” rating to a “d+” rating in a report on Wednesday, May 10th.

Insider Buying and Selling

In other news, Director Hillary B. Smith acquired 3,350 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average cost of $7.50 per share, for a total transaction of $25,125.00. Following the completion of the acquisition, the director now directly owns 3,350 shares of the company’s stock, valued at approximately $25,125. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director David J. Pauldine purchased 15,904 shares of the stock in a transaction dated Monday, May 15th. The shares were acquired at an average cost of $7.55 per share, for a total transaction of $120,075.20. Following the acquisition, the director now owns 118,806 shares of the company’s stock, valued at $896,985.30. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Hillary B. Smith acquired 3,350 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average cost of $7.50 per share, for a total transaction of $25,125.00. Following the transaction, the director now owns 3,350 shares in the company, valued at $25,125. The disclosure for this purchase can be found here. 5.10% of the stock is owned by insiders.

Hedge Funds Weigh In On QuinStreet

Several hedge funds have recently modified their holdings of QNST. State of Wyoming raised its stake in shares of QuinStreet by 62.2% during the 4th quarter. State of Wyoming now owns 7,193 shares of the technology company’s stock valued at $103,000 after buying an additional 2,757 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in QuinStreet by 21.0% in the third quarter. Mutual of America Capital Management LLC now owns 10,248 shares of the technology company’s stock valued at $108,000 after buying an additional 1,779 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of QuinStreet by 36.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,075 shares of the technology company’s stock worth $116,000 after acquiring an additional 2,174 shares during the period. Angeles Wealth Management LLC boosted its position in QuinStreet by 10.1% during the third quarter. Angeles Wealth Management LLC now owns 11,150 shares of the technology company’s stock worth $117,000 after purchasing an additional 1,022 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of QuinStreet during the 3rd quarter valued at approximately $133,000. Institutional investors and hedge funds own 89.88% of the company’s stock.

QuinStreet Trading Up 4.3 %

Shares of NASDAQ:QNST opened at $9.38 on Friday. QuinStreet has a 12-month low of $6.79 and a 12-month high of $18.18. The stock has a fifty day simple moving average of $12.23 and a two-hundred day simple moving average of $14.00. The stock has a market capitalization of $507.65 million, a price-to-earnings ratio of -28.42 and a beta of 1.04.

About QuinStreet

(Get Rating)

QuinStreet, Inc engages in the provision of media management services. It operates through the United States and International geographical segments. Its platform offers performance marketing products based from number of clicks, inquiries, calls, applications, and full customer acquisitions. The company was founded by Douglas Valenti on April 16, 1999 and is headquartered in Foster City, CA.

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