QuinStreet (NASDAQ:QNST) Stock Rating Upgraded by Wall Street Zen

by · The Markets Daily

QuinStreet (NASDAQ:QNST – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

QNST has been the topic of several other reports. Weiss Ratings upgraded shares of QuinStreet from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday. Zacks Research upgraded QuinStreet from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 30th. B. Riley Financial reissued a “buy” rating on shares of QuinStreet in a research note on Friday, August 7th. Finally, Lake Street Capital upgraded shares of QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Get Our Latest Stock Analysis on QNST

QuinStreet Price Performance

Shares of QuinStreet stock opened at $19.18 on Friday. The firm has a market cap of $1.09 billion, a PE ratio of 13.60 and a beta of 0.66. The stock has a 50 day moving average of $17.19 and a 200 day moving average of $13.91. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.22. QuinStreet has a 12 month low of $10.28 and a 12 month high of $22.29.

QuinStreet (NASDAQ:QNST – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%.The business had revenue of $373.88 million for the quarter, compared to the consensus estimate of $359.95 million. On average, research analysts expect that QuinStreet will post 1.06 EPS for the current fiscal year.

Insider Buying and Selling

In other QuinStreet news, Director Asmau Ahmed sold 10,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $20.30, for a total value of $203,000.00. Following the transaction, the director owned 24,979 shares of the company’s stock, valued at $507,073.70. This represents a 28.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Gregory Wong sold 11,704 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $20.44, for a total value of $239,229.76. Following the completion of the sale, the chief financial officer owned 481,786 shares in the company, valued at approximately $9,847,705.84. The trade was a 2.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 862,026 shares of company stock valued at $17,423,897. Insiders own 5.00% of the company’s stock.

Institutional Trading of QuinStreet

A number of large investors have recently made changes to their positions in QNST. PNC Financial Services Group Inc. increased 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 worth $36,000 after buying an additional 1,066 shares during the period. GAMMA Investing LLC boosted its position in QuinStreet by 17.0% in the 2nd quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock valued at $65,000 after buying an additional 649 shares during the period. Allworth Financial LP purchased a new stake in QuinStreet in the 2nd quarter valued at about $66,000. Farther Finance Advisors LLC grew its stake in QuinStreet by 10.2% in the 4th 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 in the last quarter. Finally, Tripletail Wealth Management LLC grew its stake in QuinStreet by 35.2% in the 4th quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock worth $133,000 after acquiring an additional 2,420 shares in the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Company Profile

(Get Free Report)

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.

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