QuinStreet (NASDAQ:QNST) Stock Rating Upgraded by Lake Street Capital

QuinStreet (NASDAQ:QNST) was upgraded by research analysts at Lake Street Capital from a “hold” rating to a “buy” rating in a note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has a $21.00 target price on the technology company’s stock. Lake Street Capital’s price objective would indicate a potential upside of 37.98% from the stock’s previous close.

QNST has been the subject of several other reports. Wall Street Zen upgraded shares of QuinStreet from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Zacks Research raised QuinStreet from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.00.

QuinStreet Trading Down 1.6%

Shares of QNST opened at $15.22 on Friday. QuinStreet has a 1-year low of $10.28 and a 1-year high of $18.02. The company has a market capitalization of $874.24 million, a P/E ratio of 13.35 and a beta of 0.66. 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 simple moving average is $14.60 and its 200 day simple moving average is $13.11.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $373.88 million during the quarter, compared to analysts’ expectations of $359.95 million. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. Sell-side analysts forecast that QuinStreet will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling at QuinStreet

In other news, CFO Gregory Wong sold 10,338 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer owned 390,344 shares of the company’s stock, valued at approximately $5,855,160. This represents a 2.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.00% of the company’s stock.

Institutional Trading of QuinStreet

Hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in shares of QuinStreet by 54.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,066 shares during the last quarter. GAMMA Investing LLC grew its position in QuinStreet by 17.0% during the 2nd quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock worth $65,000 after acquiring an additional 649 shares during the last quarter. Farther Finance Advisors LLC increased its stake in QuinStreet by 10.2% in the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after purchasing an additional 730 shares during the period. Tripletail Wealth Management LLC increased its stake in QuinStreet by 35.2% in the 4th quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock worth $133,000 after purchasing an additional 2,420 shares during the period. Finally, FJ Capital Management LLC bought a new stake in QuinStreet in the third quarter valued at approximately $135,000. 97.83% of the stock is owned by 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.