QuinStreet, Inc. (NASDAQ:QNST) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Analysts have set a 1 year consensus target price of $10.50 for the company and are forecasting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given QuinStreet an industry rank of 111 out of 265 based on the ratings given to its competitors.

Separately, Barrington Research began coverage on shares of QuinStreet in a report on Tuesday, November 28th. They issued an “outperform” rating and a $12.50 target price on the stock.

In other QuinStreet news, Director John G. Mcdonald sold 14,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $10.37, for a total value of $145,180.00. Following the transaction, the director now directly owns 67,671 shares in the company, valued at $701,748.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James R. Simons sold 229,716 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $8.63, for a total transaction of $1,982,449.08. The disclosure for this sale can be found here. Insiders sold 245,178 shares of company stock worth $2,140,348 in the last 90 days. 24.10% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in QuinStreet by 22.3% in the second quarter. Vanguard Group Inc. now owns 1,623,130 shares of the technology company’s stock worth $6,768,000 after acquiring an additional 296,222 shares during the period. State Street Corp raised its position in QuinStreet by 4.5% in the second quarter. State Street Corp now owns 764,300 shares of the technology company’s stock worth $3,184,000 after acquiring an additional 32,730 shares during the period. Russell Investments Group Ltd. raised its position in QuinStreet by 153.4% in the second quarter. Russell Investments Group Ltd. now owns 73,508 shares of the technology company’s stock worth $307,000 after acquiring an additional 44,496 shares during the period. Macquarie Group Ltd. bought a new position in QuinStreet in the third quarter worth approximately $490,000. Finally, Algert Global LLC bought a new position in QuinStreet in the third quarter worth approximately $1,429,000. Institutional investors and hedge funds own 63.70% of the company’s stock.

Shares of QuinStreet (QNST) traded up $0.20 during mid-day trading on Monday, reaching $9.34. 300,400 shares of the company traded hands, compared to its average volume of 358,633. QuinStreet has a 52 week low of $2.96 and a 52 week high of $10.97. The stock has a market capitalization of $426.97, a PE ratio of -58.38, a P/E/G ratio of 2.83 and a beta of 1.12.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Monday, October 30th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. QuinStreet had a negative net margin of 2.29% and a positive return on equity of 1.06%. The company had revenue of $87.40 million for the quarter, compared to analysts’ expectations of $79.90 million. During the same quarter last year, the company posted $0.01 earnings per share. The firm’s quarterly revenue was up 19.1% on a year-over-year basis. equities research analysts expect that QuinStreet will post 0.11 EPS for the current fiscal year.

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About QuinStreet

QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.

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