QuinStreet (NASDAQ:QNST) Now Covered by Analysts at Stephens

Stephens initiated coverage on shares of QuinStreet (NASDAQ:QNST) in a report issued on Friday morning. The firm issued an equal weight rating and a $22.00 target price on the technology company’s stock.

Other equities research analysts have also recently issued reports about the stock. Zacks Research cut shares of QuinStreet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Northland Securities set a $23.00 price target on QuinStreet in a report on Thursday, September 17th. Wall Street Zen upgraded shares of QuinStreet from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 8th. Weiss Ratings upgraded shares of QuinStreet from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Finally, Lake Street Capital upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.20.

QuinStreet Price Performance

Shares of NASDAQ:QNST opened at $18.98 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.22 and a current ratio of 1.32. QuinStreet has a 52 week low of $10.28 and a 52 week high of $22.29. The firm has a market cap of $1.09 billion, a PE ratio of 22.23 and a beta of 0.84. The firm’s fifty day moving average is $16.89 and its 200-day moving average is $14.72.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Wednesday, November 4th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. QuinStreet had a return on equity of 15.69% and a net margin of 6.58%. The business had revenue of $416.65 million during the quarter, compared to the consensus estimate of $373.88 million. Sell-side analysts predict that QuinStreet will post 1.06 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Gregory Wong sold 11,704 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $20.44, for a total transaction of $239,229.76. Following the completion of the transaction, the chief financial officer directly owned 481,786 shares in the company, valued at $9,847,705.84. The trade was a 2.37% decrease in their position. The transaction 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 company’s stock in a transaction 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. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of QuinStreet

A number of large investors have recently modified their holdings of the business. Sterling Capital Management LLC lifted its holdings in shares of QuinStreet by 842.8% during the 3rd quarter. Sterling Capital Management LLC now owns 1,829 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,635 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in QuinStreet by 54.4% in the first 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 raised its position in QuinStreet by 17.0% during 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. Allworth Financial LP bought a new stake in QuinStreet during the second quarter worth about $66,000. Finally, Nisa Investment Advisors LLC lifted its stake in QuinStreet by 160.0% during the third quarter. Nisa Investment Advisors LLC now owns 5,324 shares of the technology company’s stock worth $80,000 after purchasing an additional 3,276 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

About QuinStreet

QuinStreet, Inc. is a digital performance marketing company that connects consumers researching financial and home services with businesses seeking customers. The company uses online marketplaces and marketing programs to help clients reach people who are actively looking for products and services. Its offerings include digital media, proprietary technology, data and analytics, and lead-generation services. QuinStreet serves clients in areas such as insurance, mortgages, credit cards, banking and home services, and its platforms help consumers compare options and request information from providers.