QuinStreet (NASDAQ:QNST) Lowered to “Hold” Rating by Wall Street Zen

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

QNST has been the topic of a number of other research reports. Zacks Research cut QuinStreet from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Weiss Ratings cut shares of QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. B. Riley Financial upgraded shares of QuinStreet to a “strong-buy” rating in a research note on Thursday, April 2nd. Finally, Northland Securities began coverage on shares of QuinStreet in a report on Tuesday, March 17th. They set an “outperform” rating and a $17.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.50.

QuinStreet Price Performance

NASDAQ QNST opened at $15.82 on Friday. The business has a fifty day moving average price of $12.77 and a two-hundred day moving average price of $12.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. QuinStreet has a fifty-two week low of $10.28 and a fifty-two week high of $17.13. The stock has a market capitalization of $908.70 million, a PE ratio of 13.88 and a beta of 0.67.

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

Insider Buying and Selling at QuinStreet

In related news, CFO Gregory Wong sold 10,338 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $15.00, for a total transaction of $155,070.00. Following the sale, the chief financial officer owned 390,344 shares of the company’s stock, valued at $5,855,160. This trade represents a 2.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QuinStreet

Several large investors have recently bought and sold shares of QNST. PNC Financial Services Group Inc. boosted its stake in shares of QuinStreet by 54.4% during the first quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,066 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of QuinStreet by 10.2% in the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after buying an additional 730 shares during the period. FJ Capital Management LLC acquired a new position in shares of QuinStreet in the third quarter valued at approximately $135,000. Tripletail Wealth Management LLC raised its holdings in QuinStreet by 35.2% in the 4th quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock valued at $133,000 after buying an additional 2,420 shares during the last quarter. Finally, Cerity Partners LLC bought a new position in QuinStreet in the 2nd quarter valued at approximately $170,000. 97.83% of the stock is currently owned by institutional investors.

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.