Q3 2018 EPS Estimates for QuinStreet Inc Lowered by Analyst (QNST)

QuinStreet Inc (NASDAQ:QNST) – Equities researchers at Barrington Research reduced their Q3 2018 EPS estimates for shares of QuinStreet in a research report issued on Monday. Barrington Research analyst J. Goss now expects that the technology company will post earnings of $0.05 per share for the quarter, down from their previous forecast of $0.06. Barrington Research currently has a “Outperform” rating and a $12.50 target price on the stock. Barrington Research also issued estimates for QuinStreet’s Q4 2019 earnings at $0.10 EPS.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. QuinStreet had a net margin of 0.78% and a return on equity of 5.77%. The business had revenue of $87.49 million during the quarter, compared to the consensus estimate of $75.18 million. During the same quarter last year, the firm earned ($0.04) earnings per share. QuinStreet’s quarterly revenue was up 33.3% on a year-over-year basis.

Separately, Stephens reissued a “buy” rating and set a $11.50 target price on shares of QuinStreet in a research note on Thursday, February 1st.

QuinStreet (NASDAQ QNST) opened at $11.31 on Wednesday. QuinStreet has a 52 week low of $2.96 and a 52 week high of $13.15. The firm has a market cap of $530.77, a price-to-earnings ratio of 76.53, a P/E/G ratio of 3.48 and a beta of 1.36.

In other QuinStreet news, Director John G. Mcdonald sold 14,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 67,671 shares in the company, valued at $701,748.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Simons sold 229,716 shares of the firm’s stock in a transaction 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 have sold 475,650 shares of company stock valued at $4,214,765 in the last three months. 24.10% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Bessemer Group Inc. acquired a new stake in QuinStreet in the fourth quarter worth $152,000. Strs Ohio acquired a new stake in QuinStreet in the fourth quarter worth $180,000. Wells Fargo & Company MN grew its holdings in QuinStreet by 48.8% in the second quarter. Wells Fargo & Company MN now owns 27,130 shares of the technology company’s stock worth $113,000 after purchasing an additional 8,900 shares during the period. Voya Investment Management LLC grew its holdings in QuinStreet by 21.7% in the second quarter. Voya Investment Management LLC now owns 29,642 shares of the technology company’s stock worth $124,000 after purchasing an additional 5,278 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in QuinStreet in the third quarter worth $342,000. Institutional investors and hedge funds own 63.02% of the company’s stock.

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QuinStreet Company Profile

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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