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

Shares of QuinStreet, Inc. (NASDAQ:QNST) have been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $20.50.

A number of equities analysts recently weighed in on QNST shares. B. Riley Financial upgraded shares of QuinStreet to a “strong-buy” rating in a research report on Thursday, April 2nd. Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Zacks Research cut shares of QuinStreet from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 1st. Finally, Wall Street Zen downgraded shares of QuinStreet from a “buy” rating to a “hold” rating in a report on Saturday, July 4th.

Insider Activity

In related news, CFO Gregory Wong sold 10,338 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was 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 in the company, valued at approximately $5,855,160. The trade was a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On QuinStreet

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in shares of QuinStreet by 54.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,066 shares during the last quarter. GAMMA Investing LLC grew 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 valued at $65,000 after purchasing an additional 649 shares in the last quarter. Farther Finance Advisors LLC increased its position in 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 during the last quarter. FJ Capital Management LLC bought a new stake in QuinStreet in the third quarter worth $135,000. Finally, Tripletail Wealth Management LLC raised its stake in 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 purchasing an additional 2,420 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

QuinStreet Trading Down 3.1%

QNST stock opened at $16.78 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. QuinStreet has a 1-year low of $10.28 and a 1-year high of $18.02. The business has a 50 day simple moving average of $13.54 and a two-hundred day simple moving average of $13.03. The company has a market capitalization of $963.84 million, a price-to-earnings ratio of 14.72 and a beta of 0.67.

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

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.