QuinStreet, Inc. (NASDAQ:QNST) Given Consensus Recommendation of “Buy” by Brokerages

QuinStreet, Inc. (NASDAQ:QNST) has been given an average rating of “Buy” by the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $22.00.

QNST has been the topic of several research reports. Weiss Ratings upgraded shares of QuinStreet from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, August 27th. B. Riley Financial reissued a “buy” rating on shares of QuinStreet in a report on Friday, August 7th. Zacks Research upgraded QuinStreet from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 28th. Lake Street Capital upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Friday, August 7th. Finally, Wall Street Zen raised QuinStreet from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th.

Insider Activity

In other news, CFO Gregory Wong sold 11,704 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $20.44, for a total value of $239,229.76. Following the transaction, the chief financial officer owned 481,786 shares in the company, valued at $9,847,705.84. This represents a 2.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Asmau Ahmed sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $20.30, for a total transaction of $203,000.00. Following the completion of the transaction, the director directly owned 24,979 shares in the company, valued at approximately $507,073.70. The trade was a 28.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 862,026 shares of company stock valued at $17,423,897 in the last quarter. 5.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On QuinStreet

A number of hedge funds have recently modified their holdings of the business. Tidal Investments LLC purchased a new stake in shares of QuinStreet in the 2nd quarter worth $155,000. WINTON GROUP Ltd grew its holdings in QuinStreet by 45.2% during the second quarter. WINTON GROUP Ltd now owns 22,800 shares of the technology company’s stock valued at $334,000 after purchasing an additional 7,100 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in QuinStreet in the second quarter worth about $114,000. Allworth Financial LP raised its stake in shares of QuinStreet by 61.5% in the second quarter. Allworth Financial LP now owns 4,512 shares of the technology company’s stock worth $66,000 after buying an additional 1,718 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of QuinStreet in the second quarter worth about $170,000. Institutional investors own 97.83% of the company’s stock.

QuinStreet Price Performance

NASDAQ QNST opened at $18.38 on Friday. QuinStreet has a one year low of $10.28 and a one year high of $22.29. The stock has a 50-day moving average of $18.05 and a 200 day moving average of $14.41. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.04 and a beta of 0.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.22 and a current ratio of 1.22.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Thursday, August 6th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $373.88 million for the quarter, compared to analysts’ expectations of $359.95 million. QuinStreet had a net margin of 6.28% and a return on equity of 12.73%. On average, sell-side analysts forecast that QuinStreet will post 1.06 EPS for the current year.

QuinStreet Company Profile

QuinStreet, Inc is a performance marketing and online marketplace company that connects consumers with brands and service providers. The company uses digital media, data, and technology to help businesses acquire customers through channels such as search, content, comparison websites, and its network of publishing partners.

QuinStreet operates in several high-value categories, including insurance, home services, financial services, and business-to-business services. Its products and platforms are designed to help consumers research and compare products or services while enabling advertisers to receive qualified leads, calls, and customer opportunities.

Founded in 1999, QuinStreet is headquartered in Foster City, California, and primarily serves the United States market.