Equities research analysts expect QuinStreet Inc (NASDAQ:QNST) to post sales of $113.59 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for QuinStreet’s earnings, with the lowest sales estimate coming in at $111.87 million and the highest estimate coming in at $115.60 million. QuinStreet posted sales of $104.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.1%. The business is expected to report its next quarterly earnings report on Thursday, February 6th.

According to Zacks, analysts expect that QuinStreet will report full year sales of $508.79 million for the current year, with estimates ranging from $504.40 million to $513.80 million. For the next fiscal year, analysts expect that the company will report sales of $554.68 million, with estimates ranging from $553.20 million to $556.16 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for QuinStreet.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). QuinStreet had a return on equity of 4.07% and a net margin of 12.44%. The company had revenue of $126.61 million for the quarter, compared to the consensus estimate of $121.65 million.

A number of analysts have commented on QNST shares. ValuEngine upgraded shares of QuinStreet from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Barrington Research dropped their price target on shares of QuinStreet from $20.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, August 15th. Northland Securities restated a “buy” rating and set a $18.00 price target on shares of QuinStreet in a research report on Monday, August 12th. Finally, BidaskClub upgraded shares of QuinStreet from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $18.50.

Shares of QNST stock traded down $0.07 during midday trading on Thursday, reaching $15.74. 251,938 shares of the company were exchanged, compared to its average volume of 683,571. QuinStreet has a 12 month low of $10.15 and a 12 month high of $20.02. The company has a market cap of $798.09 million, a P/E ratio of 13.34, a PEG ratio of 1.78 and a beta of 0.77. The company’s 50 day moving average price is $14.68 and its two-hundred day moving average price is $14.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.73 and a current ratio of 1.73.

In other news, CFO Gregory Wong sold 34,534 shares of QuinStreet stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $15.27, for a total value of $527,334.18. Following the transaction, the chief financial officer now owns 255,641 shares of the company’s stock, valued at approximately $3,903,638.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas Valenti sold 32,500 shares of QuinStreet stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $12.59, for a total transaction of $409,175.00. Following the completion of the transaction, the chief executive officer now directly owns 362,501 shares in the company, valued at approximately $4,563,887.59. The disclosure for this sale can be found here. Insiders sold a total of 162,034 shares of company stock worth $2,415,459 in the last ninety days. Corporate insiders own 11.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in QNST. Chicago Capital LLC acquired a new position in shares of QuinStreet in the 3rd quarter worth approximately $22,111,000. William Blair Investment Management LLC purchased a new position in shares of QuinStreet in the second quarter worth approximately $15,440,000. Bank of America Corp DE increased its position in shares of QuinStreet by 57.2% in the second quarter. Bank of America Corp DE now owns 2,642,499 shares of the technology company’s stock worth $41,883,000 after acquiring an additional 961,915 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of QuinStreet by 44.3% in the second quarter. Victory Capital Management Inc. now owns 2,257,664 shares of the technology company’s stock worth $35,784,000 after acquiring an additional 693,104 shares in the last quarter. Finally, Prospect Capital Advisors LLC purchased a new position in shares of QuinStreet in the second quarter worth approximately $5,778,000. 97.20% of the stock is currently owned by institutional investors.

About QuinStreet

QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

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