QuinStreet, Inc. (NASDAQ:QNST) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of QuinStreet, Inc. (NASDAQ:QNST) have earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $24.00.

A number of research analysts have recently commented on the company. B. Riley Financial increased their price objective on QuinStreet from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Lake Street Capital set a $15.00 target price on QuinStreet in a research report on Friday, February 6th. Barrington Research reissued an “outperform” rating and issued a $24.00 price target on shares of QuinStreet in a research report on Friday, February 6th. Finally, Weiss Ratings raised shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 9th.

QuinStreet Trading Down 1.3%

QuinStreet stock opened at $11.10 on Wednesday. QuinStreet has a 1-year low of $10.28 and a 1-year high of $23.24. The firm’s fifty day simple moving average is $13.83 and its 200-day simple moving average is $14.60. The company has a market capitalization of $632.59 million, a P/E ratio of 10.18 and a beta of 0.70.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Thursday, February 5th. The technology company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. QuinStreet had a net margin of 5.64% and a return on equity of 9.55%. The firm had revenue of $287.85 million for the quarter, compared to the consensus estimate of $275.07 million. During the same period in the prior year, the business posted $0.20 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities research analysts predict that QuinStreet will post 0.12 earnings per share for the current year.

Institutional Investors Weigh In On QuinStreet

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of QuinStreet by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 4,257,710 shares of the technology company’s stock worth $61,183,000 after purchasing an additional 133,468 shares during the period. Millennium Management LLC grew its holdings in QuinStreet by 21.3% in the 3rd quarter. Millennium Management LLC now owns 1,682,060 shares of the technology company’s stock valued at $26,021,000 after buying an additional 295,680 shares during the last quarter. Assenagon Asset Management S.A. increased its position in QuinStreet by 43.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,633,251 shares of the technology company’s stock worth $23,470,000 after buying an additional 496,492 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of QuinStreet by 42.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,595,184 shares of the technology company’s stock valued at $22,923,000 after acquiring an additional 472,407 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of QuinStreet by 2.2% in the second quarter. Geode Capital Management LLC now owns 1,361,252 shares of the technology company’s stock worth $21,918,000 after acquiring an additional 29,783 shares during the last quarter. 97.83% of the stock is owned by institutional investors and hedge funds.

QuinStreet Company Profile

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.