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

by · The Cerbat Gem

Shares of QuinStreet, Inc. (NASDAQ:QNST – Get Free Report) have received an average recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $29.00.

Several research firms recently weighed in on QNST. Stephens lifted their price objective on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Lake Street Capital lifted their price objective on QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. B. Riley lifted their price objective on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Craig Hallum lifted their price objective on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, January 6th.

Check Out Our Latest Analysis on QuinStreet

QuinStreet Trading Up 0.5 %

Shares of QNST opened at $21.46 on Tuesday. The firm has a market capitalization of $1.21 billion, a P/E ratio of -53.65 and a beta of 1.07. QuinStreet has a 12-month low of $11.49 and a 12-month high of $26.27. The firm has a fifty day moving average price of $22.31 and a 200-day moving average price of $19.81.

QuinStreet (NASDAQ:QNST – Get Free Report) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.07. The firm had revenue of $279.22 million during the quarter, compared to the consensus estimate of $222.68 million. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The firm’s quarterly revenue was up 125.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.19) earnings per share. Analysts predict that QuinStreet will post 0.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Stuart Huizinga sold 7,020 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $23.21, for a total transaction of $162,934.20. Following the sale, the director now owns 174,903 shares in the company, valued at approximately $4,059,498.63. The trade was a 3.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew Glickman sold 30,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total value of $678,900.00. Following the sale, the director now owns 113,140 shares in the company, valued at $2,560,358.20. The trade was a 20.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,000 shares of company stock worth $910,374. 5.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On QuinStreet

Large investors have recently modified their holdings of the business. American Century Companies Inc. boosted its position in QuinStreet by 27.5% in the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock valued at $33,763,000 after buying an additional 438,947 shares during the last quarter. Divisadero Street Capital Management LP purchased a new stake in QuinStreet in the second quarter valued at approximately $6,499,000. Driehaus Capital Management LLC boosted its position in QuinStreet by 17.6% in the second quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock valued at $25,050,000 after buying an additional 225,720 shares during the last quarter. JPMorgan Chase & Co. boosted its position in QuinStreet by 39.7% in the third quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company’s stock valued at $8,601,000 after buying an additional 127,689 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in QuinStreet by 248.7% in the second quarter. Squarepoint Ops LLC now owns 174,367 shares of the technology company’s stock valued at $2,893,000 after buying an additional 124,367 shares during the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

About QuinStreet

(Get Free Report

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.

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