BidaskClub upgraded shares of QuinStreet (NASDAQ:QNST) from a buy rating to a strong-buy rating in a report released on Tuesday.

A number of other equities research analysts also recently weighed in on QNST. Stephens reaffirmed a buy rating and set a $16.00 price objective on shares of QuinStreet in a research report on Tuesday, August 7th. Zacks Investment Research raised QuinStreet from a hold rating to a buy rating and set a $16.00 price objective on the stock in a research report on Thursday, August 16th. William Blair assumed coverage on QuinStreet in a research report on Thursday, October 4th. They set an outperform rating on the stock. Craig Hallum reissued a buy rating on shares of QuinStreet in a report on Wednesday, October 31st. Finally, ValuEngine downgraded QuinStreet from a buy rating to a hold rating in a report on Thursday, November 8th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $17.79.

Shares of QNST stock opened at $15.90 on Tuesday. QuinStreet has a 1-year low of $8.24 and a 1-year high of $17.75. The stock has a market cap of $780.26 million, a P/E ratio of 49.69, a P/E/G ratio of 1.17 and a beta of 0.72.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Tuesday, October 30th. The technology company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. QuinStreet had a return on equity of 14.14% and a net margin of 4.60%. The company had revenue of $112.90 million for the quarter, compared to the consensus estimate of $103.59 million. During the same quarter last year, the company earned $0.08 earnings per share. The firm’s revenue for the quarter was up 29.2% compared to the same quarter last year. On average, equities analysts expect that QuinStreet will post 0.54 EPS for the current year.

In other QuinStreet news, CFO Gregory Wong sold 4,411 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $15.22, for a total value of $67,135.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas Valenti sold 38,320 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $14.34, for a total value of $549,508.80. Following the completion of the sale, the chief executive officer now directly owns 287,919 shares of the company’s stock, valued at approximately $4,128,758.46. The disclosure for this sale can be found here. In the last three months, insiders sold 229,362 shares of company stock valued at $3,606,074. Corporate insiders own 12.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of QNST. Royal Bank of Canada boosted its holdings in QuinStreet by 717.4% in the first quarter. Royal Bank of Canada now owns 17,714 shares of the technology company’s stock worth $226,000 after acquiring an additional 15,547 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of QuinStreet by 5.4% in the first quarter. Principal Financial Group Inc. now owns 281,113 shares of the technology company’s stock worth $3,590,000 after purchasing an additional 14,292 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of QuinStreet in the second quarter worth about $109,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of QuinStreet by 789.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 134,100 shares of the technology company’s stock worth $1,703,000 after purchasing an additional 119,020 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of QuinStreet by 17.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 185,525 shares of the technology company’s stock worth $2,356,000 after purchasing an additional 27,375 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

QuinStreet Company Profile

QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

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Analyst Recommendations for QuinStreet (NASDAQ:QNST)

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