$141.19 Million in Sales Expected for QuinStreet, Inc. (NASDAQ:QNST) This Quarter

Equities analysts expect that QuinStreet, Inc. (NASDAQ:QNST – Get Rating) will report $141.19 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for QuinStreet’s earnings. The highest sales estimate is $142.49 million and the lowest is $139.89 million. QuinStreet reported sales of $151.20 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.6%. The company is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that QuinStreet will report full-year sales of $576.79 million for the current financial year, with estimates ranging from $575.49 million to $578.09 million. For the next fiscal year, analysts expect that the firm will post sales of $640.04 million, with estimates ranging from $624.22 million to $655.87 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for QuinStreet.

QuinStreet (NASDAQ:QNST – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. QuinStreet had a net margin of 0.59% and a return on equity of 1.16%. The business had revenue of $150.66 million during the quarter, compared to analyst estimates of $152.51 million.

QNST has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th. Lake Street Capital reiterated a “hold” rating and set a $13.00 price objective (down previously from $27.00) on shares of QuinStreet in a research note on Wednesday, February 9th. StockNews.com initiated coverage on shares of QuinStreet in a research note on Thursday, March 31st. They set a “hold” rating for the company. William Blair reiterated an “outperform” rating on shares of QuinStreet in a research note on Thursday, April 21st. Finally, Barrington Research reduced their price objective on shares of QuinStreet from $25.00 to $14.00 in a research note on Thursday, February 10th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $14.67.

Shares of NASDAQ:QNST traded up $0.48 during trading hours on Tuesday, hitting $11.19. The company’s stock had a trading volume of 274,469 shares, compared to its average volume of 385,625. QuinStreet has a 52 week low of $8.28 and a 52 week high of $21.00. The company has a market capitalization of $613.29 million, a price-to-earnings ratio of 157.74 and a beta of 1.03. The firm’s fifty day moving average price is $10.78 and its 200 day moving average price is $13.62.

In related news, Director James R. Simons bought 10,000 shares of the company’s stock in a transaction on Thursday, May 12th. The shares were bought at an average price of $9.97 per share, with a total value of $99,700.00. Following the transaction, the director now owns 44,841 shares in the company, valued at $447,064.77. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.80% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC boosted its holdings in shares of QuinStreet by 1.4% in the 1st quarter. Rice Hall James & Associates LLC now owns 304,520 shares of the technology company’s stock valued at $3,532,000 after acquiring an additional 4,244 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of QuinStreet by 22.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 28,309 shares of the technology company’s stock valued at $328,000 after acquiring an additional 5,207 shares during the last quarter. Private Capital Management LLC boosted its holdings in shares of QuinStreet by 2.8% in the 1st quarter. Private Capital Management LLC now owns 3,220,774 shares of the technology company’s stock valued at $37,361,000 after acquiring an additional 88,557 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of QuinStreet in the 1st quarter valued at $196,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of QuinStreet by 17.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 560,904 shares of the technology company’s stock valued at $6,507,000 after acquiring an additional 85,075 shares during the last quarter. 91.02% of the stock is currently owned by institutional investors and hedge funds.

QuinStreet Company Profile (Get Rating)

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

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