QuinStreet, Inc. (NASDAQ:QNST) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

QuinStreet, Inc. (NASDAQ:QNST) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $24.00.

QNST has been the topic of a number of recent research reports. Barrington Research restated an “outperform” rating and issued a $24.00 target price on shares of QuinStreet in a report on Friday, February 6th. B. Riley Financial lifted their price target on QuinStreet from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Weiss Ratings raised shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 9th. Finally, Lake Street Capital set a $15.00 target price on shares of QuinStreet in a report on Friday, February 6th.

QuinStreet Price Performance

Shares of QNST opened at $11.10 on Wednesday. The firm’s 50 day moving average is $13.83 and its 200-day moving average is $14.60. QuinStreet has a 12-month low of $10.28 and a 12-month high of $23.24. The stock has a market capitalization of $632.59 million, a P/E ratio of 10.18 and a beta of 0.70.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Thursday, February 5th. The technology company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $287.85 million during the quarter, compared to analysts’ expectations of $275.07 million. QuinStreet had a net margin of 5.64% and a return on equity of 9.55%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share. As a group, equities research analysts forecast that QuinStreet will post 0.12 EPS for the current fiscal year.

Institutional Trading of QuinStreet

Hedge funds have recently modified their holdings of the business. Nordea Investment Management AB purchased a new position in QuinStreet in the second quarter valued at about $3,439,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of QuinStreet by 58.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 708,367 shares of the technology company’s stock valued at $11,405,000 after buying an additional 261,802 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of QuinStreet by 113.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 137,123 shares of the technology company’s stock valued at $2,121,000 after buying an additional 73,021 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of QuinStreet by 35.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 247,885 shares of the technology company’s stock valued at $3,991,000 after buying an additional 64,707 shares in the last quarter. Finally, AlphaQuest LLC increased its holdings in QuinStreet by 253.0% in the third quarter. AlphaQuest LLC now owns 103,890 shares of the technology company’s stock worth $1,607,000 after buying an additional 74,460 shares during 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.