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

Shares of QuinStreet, Inc. (NASDAQ:QNST) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $20.50.

Several research analysts recently commented on QNST shares. Northland Securities started coverage on QuinStreet in a research report on Tuesday, March 17th. They issued an “outperform” rating and a $17.00 target price for the company. Weiss Ratings cut QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Barrington Research reaffirmed an “outperform” rating and issued a $24.00 target price on shares of QuinStreet in a research report on Friday, February 6th. Lake Street Capital set a $15.00 target price on QuinStreet in a research report on Friday, February 6th. Finally, B. Riley Financial raised QuinStreet to a “strong-buy” rating in a research report on Thursday, April 2nd.

QuinStreet Trading Up 1.2%

Shares of QuinStreet stock opened at $12.43 on Friday. The company’s fifty day simple moving average is $12.32 and its 200-day simple moving average is $13.04. The company has a market cap of $713.98 million, a price-to-earnings ratio of 10.90 and a beta of 0.72. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. QuinStreet has a 1 year low of $10.28 and a 1 year high of $17.13.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.14. The business had revenue of $346.14 million for 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%. QuinStreet’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the company posted $0.21 earnings per share. As a group, sell-side analysts expect that QuinStreet will post 0.63 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of QNST. PNC Financial Services Group Inc. lifted its holdings 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 acquiring an additional 1,066 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of 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 period. FJ Capital Management LLC bought a new position in shares of QuinStreet during the third quarter valued at $135,000. Tripletail Wealth Management LLC lifted its holdings in shares of QuinStreet by 35.2% during the fourth quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock valued at $133,000 after acquiring an additional 2,420 shares during the period. Finally, Cerity Partners LLC bought a new position in shares of QuinStreet during the second quarter valued at $170,000. 97.83% of the stock is owned by institutional investors.

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.