QuinStreet (NASDAQ:QNST) Receives New Coverage from Analysts at B. Riley

B. Riley assumed coverage on shares of QuinStreet (NASDAQ:QNST) in a report released on Friday, Marketbeat.com reports. The brokerage issued a buy rating and a $21.50 price target on the technology company’s stock.

QNST has been the subject of several other research reports. StockNews.com raised QuinStreet to a sell rating in a report on Saturday, April 13th. Barrington Research restated an outperform rating and issued a $16.00 price objective on shares of QuinStreet in a research note on Thursday, February 8th. Finally, Stephens raised their price objective on QuinStreet from $17.00 to $18.00 and gave the stock an overweight rating in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $16.38.

QuinStreet Price Performance

Shares of QNST stock opened at $17.06 on Friday. The company has a market cap of $936.42 million, a P/E ratio of -11.85 and a beta of 1.14. The stock’s 50-day moving average is $16.17 and its 200 day moving average is $13.36. QuinStreet has a 1-year low of $6.79 and a 1-year high of $17.76.

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

Insider Transactions at QuinStreet

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QNST. SG Americas Securities LLC purchased a new stake in shares of QuinStreet in the third quarter valued at approximately $127,000. SVB Wealth LLC increased its position in shares of QuinStreet by 44.7% in the third quarter. SVB Wealth LLC now owns 162,590 shares of the technology company’s stock valued at $1,458,000 after buying an additional 50,229 shares in the last quarter. Carmel Capital Partners LLC purchased a new stake in shares of QuinStreet in the third quarter valued at approximately $34,000. Syon Capital LLC purchased a new stake in shares of QuinStreet in the third quarter valued at approximately $105,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of QuinStreet in the third quarter valued at approximately $92,000. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

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.