QuinStreet (NASDAQ:QNST) Now Covered by Analysts at Northland Securities

Northland Securities began coverage on shares of QuinStreet (NASDAQ:QNST) in a note issued to investors on Tuesday. The brokerage set an “outperform” rating and a $17.00 price target on the technology company’s stock. Northland Securities’ target price would indicate a potential upside of 42.50% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Lake Street Capital set a $15.00 price objective on shares of QuinStreet in a research report on Friday, February 6th. Weiss Ratings upgraded QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 9th. B. Riley Financial lifted their target price on QuinStreet from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Finally, Barrington Research restated an “outperform” rating and set a $24.00 target price on shares of QuinStreet in a research report on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.60.

QuinStreet Stock Down 4.1%

Shares of NASDAQ:QNST opened at $11.93 on Tuesday. The firm has a market cap of $679.89 million, a P/E ratio of 10.94 and a beta of 0.70. QuinStreet has a 12 month low of $10.28 and a 12 month high of $19.52. The company’s 50-day moving average price is $12.77 and its two-hundred day moving average price is $14.10.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Thursday, February 5th. The technology company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. QuinStreet had a net margin of 5.64% and a return on equity of 9.55%. 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 previous year, the firm posted $0.20 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. As a group, equities analysts predict that QuinStreet will post 0.12 earnings per share for the current fiscal year.

Institutional Trading of QuinStreet

A number of institutional investors have recently bought and sold shares of QNST. Tripletail Wealth Management LLC bought a new stake in shares of QuinStreet during the 3rd quarter valued at $105,000. Farther Finance Advisors LLC lifted its stake in shares of QuinStreet by 10.2% in the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after purchasing an additional 730 shares during the period. FJ Capital Management LLC bought a new position in shares of QuinStreet in the 3rd quarter worth $135,000. Cerity Partners LLC bought a new position in shares of QuinStreet in the 2nd quarter worth $170,000. Finally, Amundi acquired a new stake in shares of QuinStreet during the third quarter worth $166,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

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.