Shares of QuinStreet Inc (NASDAQ:QNST) have been given an average rating of “Buy” by the ten analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $17.35.
QNST has been the topic of several research analyst reports. BidaskClub raised QuinStreet from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Craig Hallum reiterated a “buy” rating on shares of QuinStreet in a research note on Wednesday, October 31st. Zacks Investment Research upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday, August 16th. ValuEngine downgraded QuinStreet from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Finally, William Blair initiated coverage on QuinStreet in a research note on Thursday, October 4th. They issued an “outperform” rating on the stock.
In other QuinStreet news, Director James R. Simons sold 25,073 shares of QuinStreet stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $13.66, for a total value of $342,497.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Gregory Wong sold 4,411 shares of QuinStreet stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $15.22, for a total value of $67,135.42. The disclosure for this sale can be found here. Insiders sold a total of 229,362 shares of company stock worth $3,606,074 over the last quarter. Company insiders own 12.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of QuinStreet by 2.1% in the third quarter. BlackRock Inc. now owns 5,668,362 shares of the technology company’s stock valued at $76,919,000 after buying an additional 118,583 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of QuinStreet by 7.5% in the third quarter. Vanguard Group Inc. now owns 2,255,880 shares of the technology company’s stock valued at $30,612,000 after buying an additional 158,003 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of QuinStreet by 16.5% in the third quarter. Acadian Asset Management LLC now owns 1,662,070 shares of the technology company’s stock valued at $22,556,000 after buying an additional 235,643 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of QuinStreet by 13.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,516,440 shares of the technology company’s stock valued at $20,578,000 after buying an additional 183,808 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of QuinStreet in the third quarter valued at approximately $10,420,000. Institutional investors own 83.41% of the company’s stock.
QNST opened at $15.20 on Friday. The company has a market cap of $780.26 million, a price-to-earnings ratio of 47.50, a PEG ratio of 1.17 and a beta of 0.72. QuinStreet has a 52 week low of $8.24 and a 52 week high of $17.75.
QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Tuesday, October 30th. The technology company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The company had revenue of $112.90 million for the quarter, compared to analyst estimates of $103.59 million. QuinStreet had a return on equity of 14.14% and a net margin of 4.60%. The firm’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. Equities analysts expect that QuinStreet will post 0.54 EPS for the current year.
QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.
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