QuinStreet (QNST) Upgraded by BidaskClub to Strong-Buy

BidaskClub upgraded shares of QuinStreet (NASDAQ:QNST) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

Several other equities analysts have also issued reports on the company. Singular Research began coverage on QuinStreet in a research note on Friday, July 6th. They set a long rating and a $16.75 price target on the stock. TheStreet upgraded QuinStreet from a c+ rating to a b- rating in a research note on Monday, July 9th. Stephens restated a buy rating and set a $16.00 price target on shares of QuinStreet in a research note on Tuesday, August 7th. Zacks Investment Research upgraded QuinStreet from a hold rating to a buy rating and set a $16.00 price target on the stock in a research note on Thursday, August 16th. Finally, William Blair began coverage on QuinStreet in a research note on Thursday, October 4th. They set an outperform rating on the stock. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $17.29.

Shares of QuinStreet stock traded down $0.06 during trading on Friday, reaching $17.23. The company’s stock had a trading volume of 2,648,563 shares, compared to its average volume of 1,008,595. The firm has a market capitalization of $845.61 million, a PE ratio of 45.34, a PEG ratio of 1.30 and a beta of 0.70. QuinStreet has a one year low of $8.09 and a one year high of $17.50.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Tuesday, October 30th. The technology company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $112.90 million for the quarter, compared to analyst estimates of $103.59 million. QuinStreet had a return on equity of 14.14% and a net margin of 4.60%. The firm’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share. On average, analysts predict that QuinStreet will post 0.53 earnings per share for the current year.

In other news, Director James R. Simons sold 605,267 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $15.84, for a total value of $9,587,429.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Gregory Wong sold 9,091 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $13.44, for a total value of $122,183.04. Following the completion of the sale, the chief financial officer now owns 237,501 shares in the company, valued at $3,192,013.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,474,045 shares of company stock worth $22,431,902. Corporate insiders own 12.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in QNST. Schwab Charles Investment Management Inc. grew its stake in shares of QuinStreet by 41.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 99,823 shares of the technology company’s stock valued at $1,275,000 after purchasing an additional 29,306 shares during the period. Northern Trust Corp grew its stake in shares of QuinStreet by 6.0% in the 1st quarter. Northern Trust Corp now owns 432,894 shares of the technology company’s stock valued at $5,529,000 after purchasing an additional 24,322 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of QuinStreet by 14.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,052,765 shares of the technology company’s stock valued at $13,444,000 after purchasing an additional 135,773 shares during the period. Principal Financial Group Inc. grew its stake in shares of QuinStreet by 5.4% in the 1st quarter. Principal Financial Group Inc. now owns 281,113 shares of the technology company’s stock valued at $3,590,000 after purchasing an additional 14,292 shares during the period. Finally, Barclays PLC boosted its holdings in shares of QuinStreet by 145.9% in the 1st quarter. Barclays PLC now owns 14,314 shares of the technology company’s stock worth $182,000 after acquiring an additional 8,493 shares in the last quarter. Institutional investors own 79.06% of the company’s stock.

About QuinStreet

QuinStreet, Inc, an Internet performance marketing and media 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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