QuinStreet, Inc. (NASDAQ:QNST) Given Average Recommendation of “Hold” by Analysts

QuinStreet, Inc. (NASDAQ:QNST) has been given a consensus rating of “Hold” by the five research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $24.75.

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

QuinStreet Stock Down 4.8%

Shares of QuinStreet stock opened at $14.41 on Friday. The business has a 50 day moving average of $14.43 and a 200 day moving average of $15.07. QuinStreet has a 52 week low of $12.98 and a 52 week high of $25.50. The company has a market cap of $817.77 million, a PE ratio of 75.85 and a beta of 0.70.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.09 by $0.13. The business had revenue of $285.85 million during the quarter, compared to analyst estimates of $279.73 million. QuinStreet had a net margin of 0.96% and a return on equity of 6.91%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS. On average, research analysts anticipate that QuinStreet will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in QNST. Farther Finance Advisors LLC grew its stake in shares of QuinStreet by 10.2% in the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after acquiring an additional 730 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of QuinStreet by 8.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,622 shares of the technology company’s stock worth $235,000 after purchasing an additional 1,109 shares during the last quarter. Entropy Technologies LP boosted its stake in QuinStreet by 10.0% in the 3rd quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock worth $218,000 after purchasing an additional 1,284 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in QuinStreet by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock valued at $571,000 after purchasing an additional 1,381 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in QuinStreet by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 157,011 shares of the technology company’s stock valued at $2,528,000 after purchasing an additional 1,745 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

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.