QuinStreet (NASDAQ:QNST) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of QuinStreet (NASDAQ:QNST) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Several other research firms have also recently commented on QNST. Weiss Ratings raised shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. Zacks Research lowered QuinStreet from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, QuinStreet currently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

QuinStreet Price Performance

QuinStreet stock opened at $15.61 on Friday. The stock has a market capitalization of $896.64 million, a P/E ratio of 13.69 and a beta of 0.66. QuinStreet has a 12-month low of $10.28 and a 12-month high of $18.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. The firm’s 50-day moving average is $14.41 and its two-hundred day moving average is $13.09.

QuinStreet (NASDAQ:QNST) last posted 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 business had revenue of $346.14 million during 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 company’s revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 earnings per share. Equities analysts predict that QuinStreet will post 0.53 earnings per share for the current year.

Insider Activity

In related news, CFO Gregory Wong sold 10,338 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $15.00, for a total value of $155,070.00. Following the sale, the chief financial officer directly owned 390,344 shares of the company’s stock, valued at approximately $5,855,160. This trade represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 5.00% of the company’s stock.

Institutional Trading of QuinStreet

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in QuinStreet by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 4,257,710 shares of the technology company’s stock valued at $61,183,000 after acquiring an additional 133,468 shares during the last quarter. Private Capital Management LLC grew its holdings in shares of QuinStreet by 0.4% during the 4th quarter. Private Capital Management LLC now owns 4,171,946 shares of the technology company’s stock worth $59,951,000 after purchasing an additional 17,690 shares during the period. Millennium Management LLC increased its position in QuinStreet by 21.3% during the 3rd quarter. Millennium Management LLC now owns 1,682,060 shares of the technology company’s stock worth $26,021,000 after purchasing an additional 295,680 shares in the last quarter. Goldman Sachs Group Inc. increased its position in QuinStreet by 42.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,595,184 shares of the technology company’s stock worth $22,923,000 after purchasing an additional 472,407 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in QuinStreet by 619.0% in the first quarter. Lazard Asset Management LLC now owns 1,441,113 shares of the technology company’s stock valued at $17,308,000 after buying an additional 1,240,667 shares during the period. 97.83% of the stock is currently owned by institutional investors and hedge funds.

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.