QuinStreet, Inc. (NASDAQ:QNST) Expected to Post Quarterly Sales of $141.19 Million

Equities research analysts expect QuinStreet, Inc. (NASDAQ:QNST – Get Rating) to report $141.19 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for QuinStreet’s earnings. The highest sales estimate is $142.49 million and the lowest is $139.89 million. QuinStreet reported sales of $151.20 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.6%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that QuinStreet will report full-year sales of $576.79 million for the current year, with estimates ranging from $575.49 million to $578.09 million. For the next financial year, analysts forecast that the company will post sales of $640.04 million, with estimates ranging from $624.22 million to $655.87 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow QuinStreet.

QuinStreet (NASDAQ:QNST – Get Rating) last posted its earnings results on Wednesday, May 4th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. QuinStreet had a net margin of 0.59% and a return on equity of 1.16%. The company had revenue of $150.66 million for the quarter, compared to analyst estimates of $152.51 million.

A number of brokerages have issued reports on QNST. Barrington Research reduced their price objective on shares of QuinStreet from $25.00 to $14.00 in a research report on Thursday, February 10th. Zacks Investment Research raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Wednesday, April 13th. StockNews.com initiated coverage on shares of QuinStreet in a research report on Thursday, March 31st. They set a “hold” rating for the company. Lake Street Capital reaffirmed a “hold” rating and issued a $13.00 price objective (down from $27.00) on shares of QuinStreet in a report on Wednesday, February 9th. Finally, William Blair reaffirmed an “outperform” rating on shares of QuinStreet in a report on Thursday, April 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.67.

Shares of QNST stock opened at $10.19 on Tuesday. QuinStreet has a 52-week low of $8.28 and a 52-week high of $21.00. The company has a 50-day simple moving average of $10.90 and a two-hundred day simple moving average of $13.71. The company has a market capitalization of $558.48 million, a price-to-earnings ratio of 145.59 and a beta of 1.03.

In other news, Director James R. Simons bought 10,000 shares of the stock in a transaction on Thursday, May 12th. The shares were acquired at an average cost of $9.97 per share, for a total transaction of $99,700.00. Following the purchase, the director now directly owns 44,841 shares of the company’s stock, valued at approximately $447,064.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Large investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. raised its position in QuinStreet by 17.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 52,280 shares of the technology company’s stock worth $951,000 after purchasing an additional 7,710 shares during the period. Nisa Investment Advisors LLC purchased a new position in QuinStreet in the 4th quarter worth $32,000. Covestor Ltd bought a new stake in QuinStreet in the 4th quarter worth $40,000. Allspring Global Investments Holdings LLC bought a new stake in QuinStreet in the 4th quarter worth $935,000. Finally, CAPROCK Group Inc. bought a new stake in QuinStreet in the 4th quarter worth $409,000. Institutional investors own 91.02% of the company’s stock.

About QuinStreet (Get Rating)

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services to its clients in the form of qualified clicks, leads, calls, applications, or customers through its websites or third-party publishers.

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