QuinStreet (NASDAQ:QNST) Earns Buy Rating from Analysts at B. Riley

B. Riley began coverage on shares of QuinStreet (NASDAQ:QNST) in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage issued a buy rating and a $21.50 price objective on the technology company’s stock.

A number of other analysts have also commented on the company. Barrington Research reissued an outperform rating and set a $16.00 price objective on shares of QuinStreet in a report on Thursday, February 8th. StockNews.com raised QuinStreet to a sell rating in a report on Saturday, April 13th. Finally, Stephens boosted their price objective on QuinStreet from $17.00 to $18.00 and gave the stock an overweight rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $16.38.

QuinStreet Price Performance

Shares of QuinStreet stock opened at $16.80 on Friday. QuinStreet has a one year low of $6.79 and a one year high of $17.76. The firm has a market capitalization of $922.15 million, a price-to-earnings ratio of -11.67 and a beta of 1.14. The business has a 50-day simple moving average of $16.13 and a 200 day simple moving average of $13.30.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Wednesday, February 7th. The technology company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.05). The firm had revenue of $122.68 million during the quarter, compared to the consensus estimate of $116.46 million. QuinStreet had a negative net margin of 14.28% and a negative return on equity of 32.98%. On average, sell-side analysts expect that QuinStreet will post -0.41 EPS for the current year.

Insider Transactions at QuinStreet

In other news, CFO Gregory Wong sold 8,407 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $15.03, for a total value of $126,357.21. Following the transaction, the chief financial officer now owns 295,204 shares in the company, valued at approximately $4,436,916.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On QuinStreet

Hedge funds and other institutional investors have recently modified their holdings of the business. SVB Wealth LLC boosted its stake in shares of QuinStreet by 68.1% in the 4th quarter. SVB Wealth LLC now owns 273,356 shares of the technology company’s stock worth $3,504,000 after buying an additional 110,766 shares during the last quarter. Naples Money Management LLC purchased a new position in shares of QuinStreet in the 4th quarter worth approximately $38,000. Nomura Holdings Inc. lifted its stake in QuinStreet by 92.2% in the third quarter. Nomura Holdings Inc. now owns 300,401 shares of the technology company’s stock valued at $2,695,000 after purchasing an additional 144,129 shares during the last quarter. Barclays PLC lifted its stake in QuinStreet by 40.8% in the third quarter. Barclays PLC now owns 52,545 shares of the technology company’s stock valued at $472,000 after purchasing an additional 15,215 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in QuinStreet by 2.9% in the third quarter. William Blair Investment Management LLC now owns 2,182,365 shares of the technology company’s stock valued at $19,576,000 after purchasing an additional 61,717 shares during the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

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.