QuinStreet (NASDAQ:QNST) Now Covered by Northland Securities

Northland Securities assumed coverage on shares of QuinStreet (NASDAQ:QNST) in a research note released on Tuesday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $17.00 price target on the technology company’s stock.

Several other equities analysts have also issued reports on the stock. Weiss Ratings raised shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 9th. Barrington Research reiterated an “outperform” rating and set a $24.00 target price on shares of QuinStreet in a report on Friday, February 6th. B. Riley Financial boosted their target price on QuinStreet from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Finally, Lake Street Capital set a $15.00 price target on QuinStreet in a research report on Friday, February 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.60.

QuinStreet Price Performance

Shares of NASDAQ:QNST opened at $12.15 on Tuesday. The firm’s 50 day simple moving average is $12.71 and its 200 day simple moving average is $14.08. QuinStreet has a fifty-two week low of $10.28 and a fifty-two week high of $19.52. The company has a market capitalization of $692.43 million, a price-to-earnings ratio of 11.15 and a beta of 0.70.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, February 5th. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. QuinStreet had a net margin of 5.64% and a return on equity of 9.55%. The firm had revenue of $287.85 million during the quarter, compared to analysts’ expectations of $275.07 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts expect that QuinStreet will post 0.12 earnings per share for the current year.

Institutional Investors Weigh In On QuinStreet

Several institutional investors have recently added to or reduced their stakes in QNST. Tripletail Wealth Management LLC bought a new position in QuinStreet during the 3rd quarter worth about $105,000. Farther Finance Advisors LLC lifted its holdings 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 valued at $113,000 after purchasing an additional 730 shares in the last quarter. FJ Capital Management LLC acquired a new position in shares of QuinStreet during the third quarter worth about $135,000. Cerity Partners LLC acquired a new position in shares of QuinStreet during the second quarter worth about $170,000. Finally, Amundi bought a new position in shares of QuinStreet during the third quarter worth about $166,000. 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.