Shares of QuinStreet Inc (NASDAQ:QNST) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus target price of $11.25 for the company and are forecasting that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also assigned QuinStreet an industry rank of 86 out of 265 based on the ratings given to related companies.
Several equities research analysts recently commented on the stock. Stephens reissued a “buy” rating and set a $11.50 price objective on shares of QuinStreet in a research note on Thursday, February 1st. Barrington Research began coverage on shares of QuinStreet in a research note on Tuesday, November 28th. They set an “outperform” rating and a $12.50 price objective on the stock.
QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $75.18 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. QuinStreet’s quarterly revenue was up 33.3% on a year-over-year basis. analysts expect that QuinStreet will post 0.11 EPS for the current year.
In other news, Director John G. Mcdonald sold 14,000 shares of the company’s 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 owns 67,671 shares in the company, valued at $701,748.27. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James R. Simons sold 229,716 shares of the company’s 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. In the last quarter, insiders sold 475,650 shares of company stock worth $4,214,765. Insiders own 24.10% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 296,222 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in QuinStreet by 9.9% during the third quarter. Dimensional Fund Advisors LP now owns 932,647 shares of the technology company’s stock valued at $6,855,000 after purchasing an additional 84,301 shares during the period. State Street Corp lifted its position in QuinStreet by 4.5% during the second quarter. State Street Corp now owns 764,300 shares of the technology company’s stock valued at $3,184,000 after purchasing an additional 32,730 shares during the period. Northern Trust Corp lifted its position in QuinStreet by 10.6% during the second quarter. Northern Trust Corp now owns 424,285 shares of the technology company’s stock valued at $1,769,000 after purchasing an additional 40,747 shares during the period. Finally, Rutabaga Capital Management LLC MA lifted its position in QuinStreet by 166.1% during the fourth quarter. Rutabaga Capital Management LLC MA now owns 290,940 shares of the technology company’s stock valued at $2,438,000 after purchasing an additional 181,621 shares during the period. Hedge funds and other institutional investors own 63.02% of the company’s stock.
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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