QuinStreet, Inc. (NASDAQ:QNST) Receives $20.50 Average Price Target from Brokerages

QuinStreet, Inc. (NASDAQ:QNST) has earned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $20.50.

QNST has been the topic of a number of research reports. B. Riley Financial upgraded QuinStreet to a “strong-buy” rating in a research note on Thursday, April 2nd. Northland Securities initiated coverage on QuinStreet in a research note on Tuesday, March 17th. They issued an “outperform” rating and a $17.00 price objective on the stock. Weiss Ratings cut QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Finally, Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th.

Insider Buying and Selling at QuinStreet

In related news, CFO Gregory Wong sold 22,057 shares of QuinStreet stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $12.19, for a total value of $268,874.83. Following the completion of the sale, the chief financial officer directly owned 400,682 shares in the company, valued at approximately $4,884,313.58. This trade represents a 5.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On QuinStreet

A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of QuinStreet by 54.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock valued at $36,000 after buying an additional 1,066 shares in the last quarter. Farther Finance Advisors LLC increased its stake in QuinStreet by 10.2% in the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after buying an additional 730 shares in the last quarter. FJ Capital Management LLC purchased a new stake in QuinStreet in the 3rd quarter worth $135,000. Tripletail Wealth Management LLC increased its stake in QuinStreet by 35.2% in the 4th quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock worth $133,000 after buying an additional 2,420 shares in the last quarter. Finally, Cerity Partners LLC purchased a new stake in QuinStreet in the 2nd quarter worth $170,000. 97.83% of the stock is currently owned by institutional investors.

QuinStreet Trading Up 6.2%

QNST stock opened at $14.14 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 1.18. The company’s 50-day simple moving average is $12.54 and its 200 day simple moving average is $12.84. QuinStreet has a 52 week low of $10.28 and a 52 week high of $17.13. The company has a market capitalization of $812.20 million, a PE ratio of 12.40 and a beta of 0.70.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.14. The business had revenue of $346.14 million during the quarter, compared to analyst estimates of $336.22 million. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the business earned $0.21 EPS. As a group, sell-side analysts anticipate that QuinStreet will post 0.53 earnings per share for the current year.

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.