Analysts Set QuinStreet, Inc. (NASDAQ:QNST) Target Price at $20.50

Shares of QuinStreet, Inc. (NASDAQ:QNST) have received an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $20.50.

QNST has been the topic of a number of recent analyst reports. B. Riley Financial upgraded QuinStreet to a “strong-buy” rating in a research report on Thursday, April 2nd. Zacks Research cut QuinStreet from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 1st. Wall Street Zen lowered QuinStreet from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th.

QuinStreet Price Performance

QuinStreet stock opened at $15.63 on Friday. QuinStreet has a one year low of $10.28 and a one year high of $18.02. The business has a fifty day moving average price of $13.80 and a 200-day moving average price of $13.06. 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 firm has a market capitalization of $897.79 million, a P/E ratio of 13.71 and a beta of 0.67.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Thursday, May 7th. The technology company reported $0.31 EPS for the quarter, topping 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 business had revenue of $346.14 million during the quarter, compared to the consensus estimate of $336.22 million. During the same quarter last year, the company earned $0.21 EPS. The firm’s revenue was up 28.3% compared to the same quarter last year. As a group, equities research analysts forecast that QuinStreet will post 0.53 EPS for the current year.

Insider Buying and Selling

In other QuinStreet news, CFO Gregory Wong sold 22,057 shares of QuinStreet 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 owned 400,682 shares of the company’s stock, valued at $4,884,313.58. The trade was a 5.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in QuinStreet by 17.0% during the second quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock valued at $65,000 after buying an additional 649 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of QuinStreet in the 1st quarter worth approximately $949,000. Bank of America Corp DE boosted its holdings in QuinStreet by 58.0% in the first quarter. Bank of America Corp DE now owns 179,378 shares of the technology company’s stock valued at $2,154,000 after acquiring an additional 65,880 shares in the last quarter. Amundi increased its position in shares of QuinStreet by 77.6% during the first quarter. Amundi now owns 65,066 shares of the technology company’s stock valued at $781,000 after buying an additional 28,438 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in QuinStreet by 134.5% in the first quarter. Quantinno Capital Management LP now owns 124,437 shares of the technology company’s stock worth $1,494,000 after buying an additional 71,369 shares during the period. 97.83% of the stock is owned by hedge funds and other 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.