QuinStreet, Inc. (NASDAQ:QNST) Receives $20.50 Consensus Target Price from Analysts

QuinStreet, Inc. (NASDAQ:QNST) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $20.50.

Several brokerages have recently commented on QNST. Wall Street Zen lowered QuinStreet from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. B. Riley Financial raised QuinStreet to a “strong-buy” rating in a report on Thursday, April 2nd. Weiss Ratings upgraded QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. Finally, Zacks Research lowered QuinStreet from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 1st.

QuinStreet Stock Up 2.0%

Shares of NASDAQ QNST opened at $17.12 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.23. QuinStreet has a 52 week low of $10.28 and a 52 week high of $18.02. The firm has a 50-day moving average price of $13.63 and a 200 day moving average price of $13.04. The stock has a market capitalization of $983.37 million, a price-to-earnings ratio of 15.02 and a beta of 0.67.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.14. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. The company had revenue of $346.14 million for the quarter, compared to analyst estimates of $336.22 million. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. Equities research analysts anticipate that QuinStreet will post 0.53 EPS for the current fiscal year.

Insider Activity at QuinStreet

In related news, CFO Gregory Wong sold 10,338 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $15.00, for a total value of $155,070.00. Following the sale, the chief financial officer directly owned 390,344 shares of the company’s stock, valued at approximately $5,855,160. This represents a 2.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its stake in QuinStreet by 54.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock valued at $36,000 after buying an additional 1,066 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of QuinStreet by 17.0% in the second quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock worth $65,000 after acquiring an additional 649 shares during the last quarter. Farther Finance Advisors LLC raised 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 worth $113,000 after acquiring an additional 730 shares during the last quarter. FJ Capital Management LLC purchased a new stake in shares of QuinStreet in the third quarter valued at $135,000. Finally, Tripletail Wealth Management LLC boosted its stake in shares of QuinStreet by 35.2% during the fourth quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock valued at $133,000 after acquiring an additional 2,420 shares during the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

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.