QuinStreet, Inc. (NASDAQ:QNST) Receives Average Rating of “Hold” from Brokerages

QuinStreet, Inc. (NASDAQ:QNST) has earned a consensus recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $24.75.

Several equities research analysts recently commented on QNST shares. Weiss Ratings cut QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. Wall Street Zen upgraded shares of QuinStreet from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Barrington Research reaffirmed an “outperform” rating and set a $24.00 price target on shares of QuinStreet in a report on Monday, January 5th. Finally, B. Riley boosted their price objective on shares of QuinStreet from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, January 7th.

Institutional Investors Weigh In On QuinStreet

Hedge funds have recently added to or reduced their stakes in the stock. Tripletail Wealth Management LLC purchased a new position in shares of QuinStreet in the 3rd quarter worth $105,000. Farther Finance Advisors LLC increased its position in QuinStreet by 10.2% during the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after acquiring an additional 730 shares during the last quarter. FJ Capital Management LLC bought a new position in QuinStreet in the third quarter valued at about $135,000. Amundi purchased a new position in QuinStreet in the third quarter worth about $166,000. Finally, Cerity Partners LLC bought a new stake in shares of QuinStreet during the 2nd quarter valued at about $170,000. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

QuinStreet Stock Down 4.8%

Shares of NASDAQ QNST opened at $14.41 on Friday. The firm has a market cap of $817.77 million, a P/E ratio of 75.85 and a beta of 0.70. QuinStreet has a twelve month low of $12.98 and a twelve month high of $25.50. The company has a 50 day moving average of $14.43 and a 200 day moving average of $15.07.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Thursday, November 6th. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.09 by $0.13. The business had revenue of $285.85 million for the quarter, compared to the consensus estimate of $279.73 million. QuinStreet had a return on equity of 6.91% and a net margin of 0.96%.The company’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.22 EPS. As a group, equities analysts expect that QuinStreet will post 0.12 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.