QuinStreet (NASDAQ:QNST) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of QuinStreet (NASDAQ:QNST) from a hold rating to a buy rating in a report published on Saturday.

Several other equities analysts have also commented on the stock. Weiss Ratings raised shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. Zacks Research lowered shares of QuinStreet from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, QuinStreet currently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

QuinStreet Price Performance

QNST opened at $15.50 on Friday. QuinStreet has a 12 month low of $10.28 and a 12 month high of $18.02. The business has a 50-day moving average of $14.34 and a two-hundred day moving average of $13.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $890.32 million, a price-to-earnings ratio of 13.60 and a beta of 0.67.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.14. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. The business had revenue of $346.14 million for the quarter, compared to analyst estimates of $336.22 million. During the same period in the prior year, the firm posted $0.21 EPS. The company’s revenue was up 28.3% on a year-over-year basis. On average, research analysts expect that QuinStreet will post 0.53 earnings per share for the current year.

Insider Buying and Selling at QuinStreet

In other 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 transaction, the chief financial officer directly owned 400,682 shares of the company’s stock, valued at $4,884,313.58. The trade was a 5.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its position in shares of QuinStreet by 54.4% in the first quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,066 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of QuinStreet by 17.0% in the 2nd quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock valued at $65,000 after acquiring an additional 649 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of QuinStreet by 10.2% during the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after purchasing an additional 730 shares in the last quarter. Tripletail Wealth Management LLC lifted its position in QuinStreet by 35.2% during the 4th quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock worth $133,000 after acquiring an additional 2,420 shares in the last quarter. Finally, FJ Capital Management LLC acquired a new position in shares of QuinStreet during the third quarter worth $135,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

QuinStreet Company Profile

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.