QuinStreet, Inc. (NASDAQ:QNST) Receives Consensus Recommendation of “Hold” from Analysts

Shares of QuinStreet, Inc. (NASDAQ:QNST) have been assigned an average recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $24.50.

Several analysts have weighed in on QNST shares. Weiss Ratings downgraded QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Wall Street Zen raised QuinStreet from a “hold” rating to a “buy” rating in a report on Friday, September 26th. B. Riley dropped their target price on QuinStreet from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Lake Street Capital reduced their price target on shares of QuinStreet from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Friday, August 8th. Finally, Barrington Research set a $24.00 price objective on shares of QuinStreet in a research note on Wednesday, October 22nd.

QuinStreet Trading Down 2.1%

NASDAQ:QNST opened at $14.84 on Friday. QuinStreet has a twelve month low of $12.98 and a twelve month high of $25.50. The company has a market cap of $842.17 million, a PE ratio of 78.11 and a beta of 0.75. The company’s 50 day moving average is $14.45 and its two-hundred day moving average is $15.30.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. The business had revenue of $285.85 million during the quarter, compared to analysts’ expectations of $279.73 million. QuinStreet had a net margin of 0.96% and a return on equity of 6.91%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted $0.22 earnings per share. As a group, analysts expect that QuinStreet will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On QuinStreet

Hedge funds have recently added to or reduced their stakes in the business. Nordea Investment Management AB purchased a new stake in shares of QuinStreet in the second quarter worth about $3,439,000. Dynamic Technology Lab Private Ltd acquired a new position in QuinStreet in the first quarter valued at approximately $325,000. State of Alaska Department of Revenue boosted its position in QuinStreet by 8.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 33,883 shares of the technology company’s stock worth $545,000 after purchasing an additional 2,594 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of QuinStreet by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,361,252 shares of the technology company’s stock worth $21,918,000 after purchasing an additional 29,783 shares during the period. Finally, AMH Equity Ltd grew its stake in shares of QuinStreet by 120.0% during the 2nd quarter. AMH Equity Ltd now owns 66,000 shares of the technology company’s stock worth $1,063,000 after purchasing an additional 36,000 shares during the period. 97.83% of the stock is owned by hedge funds and other institutional investors.

About QuinStreet

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, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.