QuinStreet (QNST) Rating Reiterated by Barrington Research

QuinStreet (NASDAQ:QNST)‘s stock had its “buy” rating reiterated by stock analysts at Barrington Research in a research report issued to clients and investors on Thursday, AnalystRatings.com reports. They currently have a $20.00 price target on the technology company’s stock. Barrington Research’s price target would suggest a potential upside of 26.50% from the company’s current price.

Other analysts also recently issued reports about the company. BidaskClub downgraded QuinStreet from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 7th. ValuEngine upgraded QuinStreet from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Singular Research reiterated a “buy” rating on shares of QuinStreet in a research report on Thursday, March 7th. Finally, Zacks Investment Research upgraded QuinStreet from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $18.63.

QNST traded up $0.08 during trading on Thursday, reaching $15.81. 693,797 shares of the stock were exchanged, compared to its average volume of 599,144. The company has a market cap of $792.87 million, a price-to-earnings ratio of 49.41, a PEG ratio of 1.56 and a beta of 0.75. QuinStreet has a 1 year low of $12.12 and a 1 year high of $20.02.

In other news, CEO Douglas Valenti sold 32,500 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $13.06, for a total value of $424,450.00. Following the sale, the chief executive officer now directly owns 251,250 shares in the company, valued at $3,281,325. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew T. Sheehan sold 100,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $15.25, for a total value of $1,525,000.00. Following the completion of the sale, the director now owns 36,621 shares in the company, valued at $558,470.25. The disclosure for this sale can be found here. 12.50% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of QNST. Park West Asset Management LLC lifted its position in shares of QuinStreet by 104.9% in the first quarter. Park West Asset Management LLC now owns 4,202,105 shares of the technology company’s stock valued at $56,266,000 after acquiring an additional 2,151,055 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of QuinStreet by 10,010.2% in the first quarter. Victory Capital Management Inc. now owns 1,564,560 shares of the technology company’s stock valued at $20,949,000 after acquiring an additional 1,549,085 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of QuinStreet by 6,630.4% in the first quarter. Voya Investment Management LLC now owns 1,206,420 shares of the technology company’s stock valued at $16,154,000 after acquiring an additional 1,188,495 shares in the last quarter. Bank of America Corp DE lifted its position in shares of QuinStreet by 1,443.1% in the fourth quarter. Bank of America Corp DE now owns 1,236,293 shares of the technology company’s stock valued at $20,065,000 after acquiring an additional 1,156,178 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of QuinStreet by 13.6% in the fourth quarter. BlackRock Inc. now owns 6,438,631 shares of the technology company’s stock valued at $104,499,000 after acquiring an additional 770,269 shares in the last quarter. Institutional investors and hedge funds own 95.01% of the company’s stock.

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.

Further Reading: Debt-To-Equity Ratio

Analyst Recommendations for QuinStreet (NASDAQ:QNST)

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