QuinStreet (QNST) Raised to “Buy” at Zacks Investment Research

QuinStreet (NASDAQ:QNST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage presently has a $13.00 price objective on the technology company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 9.61% from the company’s previous close.

According to Zacks, “QuinStreet Inc, is a provider of online direct marketing and media services. The Company offers online messaging, email broadcasting, search engine marketing, and brand management services. It caters to education, financial services, healthcare, advertising, and tourism sectors. QuinStreet, Inc. also operates web portal which offers comprehensive consumer information service and companion insurance brokerage service to self-directed insurance shoppers. The Company vigilantly manages brand and regulatory compliance using proprietary technologies and staff. It does not support or use spyware, spam, or promotions that cheat customers. QuinStreet Inc. is headquartered in Foster City, California. “

Several other equities analysts also recently commented on QNST. Stephens restated a “buy” rating and set a $11.50 target price on shares of QuinStreet in a research report on Thursday, February 1st. Barrington Research assumed coverage on QuinStreet in a research report on Tuesday, November 28th. They set an “outperform” rating and a $12.50 target price for the company.

QuinStreet (NASDAQ QNST) opened at $11.86 on Friday. The company has a market capitalization of $522.45, a P/E ratio of 237.25, a P/E/G ratio of 2.51 and a beta of 1.36. QuinStreet has a 52-week low of $2.96 and a 52-week high of $13.15.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The business had revenue of $87.49 million during the quarter, compared to the consensus estimate of $75.18 million. QuinStreet had a return on equity of 5.77% and a net margin of 0.78%. QuinStreet’s revenue was up 33.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) EPS. equities analysts forecast that QuinStreet will post 0.18 earnings per share for the current year.

In related news, Director John G. Mcdonald sold 14,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $10.37, for a total transaction of $145,180.00. Following the completion of the sale, the director now directly owns 67,671 shares of the company’s stock, valued at approximately $701,748.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Simons sold 229,627 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $9.00, for a total value of $2,066,643.00. The disclosure for this sale can be found here. Insiders have sold a total of 475,650 shares of company stock valued at $4,214,765 over the last ninety days. Insiders own 24.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in QNST. Vanguard Group Inc. increased its holdings in QuinStreet by 22.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,623,130 shares of the technology company’s stock valued at $6,768,000 after purchasing an additional 296,222 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in QuinStreet during the 4th quarter valued at $2,018,000. Acadian Asset Management LLC increased its holdings in QuinStreet by 4,050.6% during the 4th quarter. Acadian Asset Management LLC now owns 208,736 shares of the technology company’s stock valued at $1,748,000 after purchasing an additional 203,707 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in QuinStreet during the 4th quarter valued at $1,651,000. Finally, Algert Global LLC acquired a new stake in QuinStreet during the 3rd quarter valued at $1,429,000. 63.02% of the stock is owned by hedge funds and other institutional investors.

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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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