Brokerages Set QuinStreet, Inc. (NASDAQ:QNST) PT at $24.00

QuinStreet, Inc. (NASDAQ:QNST) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $24.00.

Several brokerages have commented on QNST. Barrington Research restated an “outperform” rating and set a $24.00 target price on shares of QuinStreet in a report on Friday, February 6th. B. Riley Financial increased their price objective on shares of QuinStreet from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Lake Street Capital set a $15.00 price objective on shares of QuinStreet in a research report on Friday, February 6th. Finally, Weiss Ratings raised shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 9th.

Institutional Investors Weigh In On QuinStreet

Several institutional investors have recently bought and sold shares of QNST. Tripletail Wealth Management LLC acquired a new position in QuinStreet during the 3rd quarter worth approximately $105,000. Farther Finance Advisors LLC lifted its position 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 purchasing an additional 730 shares in the last quarter. FJ Capital Management LLC bought a new stake in shares of QuinStreet in the third quarter worth $135,000. Cerity Partners LLC acquired a new position in QuinStreet during the second quarter worth $170,000. Finally, Amundi bought a new position in QuinStreet in the third quarter valued at $166,000. Institutional investors own 97.83% of the company’s stock.

QuinStreet Trading Up 0.2%

QNST stock opened at $11.52 on Wednesday. QuinStreet has a 1-year low of $10.28 and a 1-year high of $21.40. The firm has a market cap of $656.52 million, a PE ratio of 10.57 and a beta of 0.70. The business’s 50-day moving average price is $13.64 and its two-hundred day moving average price is $14.49.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Thursday, February 5th. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. QuinStreet had a return on equity of 9.55% and a net margin of 5.64%.The company had revenue of $287.85 million during the quarter, compared to the consensus estimate of $275.07 million. During the same period in the prior year, the company earned $0.20 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts forecast that QuinStreet will post 0.12 earnings per share for the current year.

QuinStreet Company Profile

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.