QuinStreet, Inc. (NASDAQ:QNST) Receives $24.00 Consensus Price Target from Brokerages

QuinStreet, Inc. (NASDAQ:QNST) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $22.60.

A number of research firms have commented on QNST. Northland Securities assumed coverage on shares of QuinStreet in a research report on Tuesday. They issued an “outperform” rating and a $17.00 price target 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 issued a $24.00 target price on shares of QuinStreet in a research note on Friday, February 6th. Lake Street Capital set a $15.00 target price on QuinStreet in a report on Friday, February 6th. Finally, B. Riley Financial increased their price target on QuinStreet from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th.

Institutional Trading of QuinStreet

Several large investors have recently made changes to their positions in the business. Tripletail Wealth Management LLC acquired a new stake in shares of QuinStreet in the third quarter valued at $105,000. Farther Finance Advisors LLC lifted its position in QuinStreet by 10.2% during the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after buying an additional 730 shares in the last quarter. FJ Capital Management LLC acquired a new position in QuinStreet during the 3rd quarter worth about $135,000. MQS Management LLC bought a new stake in QuinStreet during the 4th quarter worth about $159,000. Finally, EP Wealth Advisors LLC bought a new stake in QuinStreet during the 4th quarter worth about $163,000. Institutional investors own 97.83% of the company’s stock.

QuinStreet Stock Performance

Shares of NASDAQ QNST opened at $12.15 on Friday. The stock has a market cap of $692.43 million, a PE ratio of 11.15 and a beta of 0.70. The business has a fifty day moving average of $12.71 and a two-hundred day moving average of $14.08. QuinStreet has a 52-week low of $10.28 and a 52-week high of $19.52.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Thursday, February 5th. The technology company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $287.85 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned $0.20 EPS. Analysts predict that QuinStreet will post 0.12 earnings per share for the current year.

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.