Wall Street Zen Upgrades QuinStreet (NASDAQ:QNST) to “Buy”

QuinStreet (NASDAQ:QNST) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

QNST has been the topic of several other reports. Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 9th. B. Riley Financial upgraded shares of QuinStreet to a “strong-buy” rating in a research note on Thursday, April 2nd. Finally, Northland Securities started coverage on shares of QuinStreet in a research report on Tuesday, March 17th. They set an “outperform” rating and a $17.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.50.

QuinStreet Price Performance

QNST opened at $13.06 on Friday. QuinStreet has a 1 year low of $10.28 and a 1 year high of $17.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $750.17 million, a price-to-earnings ratio of 11.46 and a beta of 0.70. The firm’s fifty day moving average price is $12.42 and its two-hundred day moving average price is $12.88.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Thursday, May 7th. The technology company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.17 by $0.14. The company had revenue of $346.14 million during the quarter, compared to the consensus estimate of $336.22 million. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 earnings per share. As a group, analysts anticipate that QuinStreet will post 0.53 earnings per share for the current fiscal year.

Insider Transactions at QuinStreet

In related news, CFO Gregory Wong sold 22,057 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $12.19, for a total transaction of $268,874.83. Following the completion of the transaction, the chief financial officer owned 400,682 shares in the company, valued at approximately $4,884,313.58. This represents a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.00% of the stock is owned by company insiders.

Institutional Trading of QuinStreet

Several hedge funds have recently added to or reduced their stakes in QNST. Farther Finance Advisors LLC raised its stake in shares of QuinStreet by 10.2% during the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after purchasing an additional 730 shares during the period. PNC Financial Services Group Inc. lifted its holdings in QuinStreet by 54.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,066 shares in the last quarter. Entropy Technologies LP boosted its stake in QuinStreet by 10.0% in the 3rd quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock worth $218,000 after purchasing an additional 1,284 shares during the period. Captrust Financial Advisors boosted its stake in QuinStreet by 0.8% in the 4th quarter. Captrust Financial Advisors now owns 173,144 shares of the technology company’s stock worth $2,488,000 after purchasing an additional 1,379 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in QuinStreet by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock valued at $571,000 after buying an additional 1,381 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

About QuinStreet

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.