QuinStreet, Inc. (NASDAQ:QNST) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of QuinStreet, Inc. (NASDAQ:QNST) have earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $20.50.

Several equities analysts have recently weighed in on QNST shares. B. Riley Financial upgraded shares of QuinStreet to a “strong-buy” rating in a research note on Thursday, April 2nd. Wall Street Zen lowered shares of QuinStreet from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings raised shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Finally, Zacks Research downgraded shares of QuinStreet from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 1st.

QuinStreet Stock Performance

QNST stock opened at $15.15 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. QuinStreet has a 1 year low of $10.28 and a 1 year high of $18.02. The company has a market cap of $870.22 million, a P/E ratio of 13.29 and a beta of 0.67. The stock’s fifty day moving average price is $13.95 and its 200-day moving average price is $13.08.

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

Insider Activity

In other news, CFO Gregory Wong sold 10,338 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $15.00, for a total value of $155,070.00. Following the completion of the sale, the chief financial officer directly owned 390,344 shares in the company, valued at $5,855,160. This represents a 2.58% 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 currently owned by insiders.

Hedge Funds Weigh In On QuinStreet

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

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.