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

QuinStreet, Inc. (NASDAQ:QNST) has received an average rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $20.50.

A number of equities research analysts have commented on the company. Weiss Ratings upgraded QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 9th. Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a research report on Saturday. Northland Securities began coverage on QuinStreet in a research note on Tuesday, March 17th. They set an “outperform” rating and a $17.00 price target for the company. Finally, B. Riley Financial raised QuinStreet to a “strong-buy” rating in a research note on Thursday, April 2nd.

Insider Buying and Selling at QuinStreet

In other news, CFO Gregory Wong sold 22,057 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $12.19, for a total transaction of $268,874.83. Following the completion of the sale, the chief financial officer directly owned 400,682 shares of the company’s stock, valued at $4,884,313.58. This trade represents a 5.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On QuinStreet

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. 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 worth $113,000 after purchasing an additional 730 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of 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 raised its stake in shares of QuinStreet by 10.0% during 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 in the last quarter. Captrust Financial Advisors raised its stake in shares of QuinStreet by 0.8% during 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 worth $571,000 after purchasing an additional 1,381 shares in the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Trading Down 0.5%

Shares of NASDAQ QNST opened at $12.99 on Tuesday. QuinStreet has a one year low of $10.28 and a one year high of $17.13. The firm has a market capitalization of $746.15 million, a PE ratio of 11.39 and a beta of 0.70. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $12.44 and a two-hundred day moving average price of $12.86.

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

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.