Stephens Begins Coverage on QuinStreet (NASDAQ:QNST)

Stock analysts at Stephens assumed coverage on shares of QuinStreet (NASDAQ:QNST) in a note issued to investors on Friday. The firm set an “equal weight” rating and a $22.00 price target on the technology company’s stock. Stephens‘s target price would indicate a potential upside of 15.44% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Zacks Research downgraded shares of QuinStreet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Northland Securities set a $23.00 price objective on shares of QuinStreet in a research report on Thursday, September 17th. Weiss Ratings raised shares of QuinStreet from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Lake Street Capital raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday, August 7th. Finally, B. Riley Financial restated a “buy” rating on shares of QuinStreet in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.20.

QuinStreet Price Performance

NASDAQ:QNST traded down $0.06 during trading hours on Friday, hitting $19.06. The company’s stock had a trading volume of 17,048 shares, compared to its average volume of 870,408. The stock has a fifty day simple moving average of $16.88 and a 200-day simple moving average of $14.69. The company has a market capitalization of $1.09 billion, a P/E ratio of 11.80 and a beta of 0.84. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 1.22. QuinStreet has a twelve month low of $10.28 and a twelve month high of $22.29.

QuinStreet (NASDAQ:QNST) last released its earnings results on Wednesday, November 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The firm had revenue of $416.65 million for the quarter, compared to analysts’ expectations of $373.88 million. QuinStreet had a return on equity of 15.69% and a net margin of 6.58%. On average, analysts anticipate that QuinStreet will post 1.06 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Asmau Ahmed sold 10,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $20.30, for a total value of $203,000.00. Following the sale, the director owned 24,979 shares of the company’s stock, valued at $507,073.70. The trade was a 28.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Gregory Wong sold 11,704 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $20.44, for a total transaction of $239,229.76. Following the completion of the sale, the chief financial officer directly owned 481,786 shares in the company, valued at approximately $9,847,705.84. This represents a 2.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On QuinStreet

A number of institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC increased its stake in shares of QuinStreet by 842.8% in the third quarter. Sterling Capital Management LLC now owns 1,829 shares of the technology company’s stock valued at $27,000 after buying an additional 1,635 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of QuinStreet by 54.4% in the first quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,066 shares during the period. GAMMA Investing LLC lifted its stake 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 period. Allworth Financial LP acquired a new position in shares of QuinStreet in the second quarter worth approximately $66,000. Finally, Nisa Investment Advisors LLC boosted its holdings in QuinStreet by 160.0% in the third quarter. Nisa Investment Advisors LLC now owns 5,324 shares of the technology company’s stock valued at $80,000 after acquiring an additional 3,276 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

QuinStreet Company Profile

QuinStreet, Inc. is a digital performance marketing company that connects consumers researching financial and home services with businesses seeking customers. The company uses online marketplaces and marketing programs to help clients reach people who are actively looking for products and services. Its offerings include digital media, proprietary technology, data and analytics, and lead-generation services. QuinStreet serves clients in areas such as insurance, mortgages, credit cards, banking and home services, and its platforms help consumers compare options and request information from providers.