QuinStreet’s (QNST) Outperform Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of QuinStreet (NASDAQ:QNST) in a report published on Monday,Benzinga reports. Barrington Research currently has a $24.00 price target on the technology company’s stock.

QNST has been the subject of a number of other research reports. Wall Street Zen upgraded shares of QuinStreet from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Weiss Ratings lowered shares of QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, QuinStreet has a consensus rating of “Hold” and a consensus target price of $24.75.

QuinStreet Trading Down 0.6%

Shares of NASDAQ QNST opened at $15.19 on Monday. The stock has a market cap of $862.03 million, a P/E ratio of 79.95 and a beta of 0.70. The business’s fifty day simple moving average is $14.34 and its 200-day simple moving average is $15.16. QuinStreet has a 12-month low of $12.98 and a 12-month high of $25.50.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.13. The company had revenue of $285.85 million for the quarter, compared to the consensus estimate of $279.73 million. QuinStreet had a return on equity of 6.91% and a net margin of 0.96%.QuinStreet’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 EPS. On average, equities analysts forecast that QuinStreet will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of QNST. Tripletail Wealth Management LLC acquired a new stake in QuinStreet during the 3rd quarter worth $105,000. Farther Finance Advisors LLC boosted its stake in QuinStreet by 885.1% in the second quarter. Farther Finance Advisors LLC now owns 7,221 shares of the technology company’s stock valued at $116,000 after acquiring an additional 6,488 shares in the last quarter. FJ Capital Management LLC purchased a new position in shares of QuinStreet during the third quarter worth about $135,000. Amundi acquired a new stake in shares of QuinStreet during the third quarter worth about $166,000. Finally, Cerity Partners LLC acquired a new stake in shares of QuinStreet during the second quarter worth about $170,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

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.