Brokerages Set QuinStreet, Inc. (NASDAQ:QNST) PT at $20.50

Shares of QuinStreet, Inc. (NASDAQ:QNST) have been assigned an average rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $20.50.

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of QuinStreet from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Barrington Research reiterated an “outperform” rating and issued a $24.00 price objective on shares of QuinStreet in a research note on Friday, February 6th. B. Riley Financial upgraded shares of QuinStreet to a “strong-buy” rating in a research note on Thursday, April 2nd. Northland Securities assumed coverage on shares of QuinStreet in a research note on Tuesday, March 17th. They issued an “outperform” rating and a $17.00 price objective on the stock. Finally, Weiss Ratings lowered shares of QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th.

QuinStreet Price Performance

Shares of QNST opened at $11.86 on Friday. The firm has a market capitalization of $681.30 million, a PE ratio of 10.40 and a beta of 0.70. 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 $17.13. The company’s fifty day moving average price is $12.34 and its 200-day moving average price is $12.96.

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, beating analysts’ consensus estimates of $0.17 by $0.14. The firm had revenue of $346.14 million for the quarter, compared to analyst estimates of $336.22 million. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. On average, equities research analysts predict that QuinStreet will post 0.53 EPS for the current year.

Hedge Funds Weigh In On QuinStreet

Several institutional investors have recently made changes to their positions in QNST. PNC Financial Services Group Inc. increased its holdings in shares of QuinStreet by 54.4% during the 1st 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 in the last quarter. Farther Finance Advisors LLC increased its holdings 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 purchasing an additional 730 shares in the last quarter. Tripletail Wealth Management LLC increased its holdings 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 purchasing an additional 2,420 shares in the last quarter. FJ Capital Management LLC purchased a new position in shares of QuinStreet during the 3rd quarter valued at approximately $135,000. Finally, MQS Management LLC purchased a new position in shares of QuinStreet during the 4th quarter valued at approximately $159,000. 97.83% of the stock is 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.