QuinStreet, Inc. (NASDAQ:QNST) Receives Average Recommendation of “Buy” from Analysts

Shares of QuinStreet, Inc. (NASDAQ:QNST) have been assigned an average rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $22.00.

Several research analysts have issued reports on QNST shares. Weiss Ratings raised QuinStreet from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, August 27th. Wall Street Zen upgraded shares of QuinStreet from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. B. Riley Financial reaffirmed a “buy” rating on shares of QuinStreet in a research note on Friday, August 7th. Zacks Research raised shares of QuinStreet from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 28th. Finally, Lake Street Capital upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Friday, August 7th.

Insider Buying and Selling at QuinStreet

In other news, Director Asmau Ahmed sold 10,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $20.30, for a total value of $203,000.00. Following the completion of the sale, the director directly owned 24,979 shares of the company’s stock, valued at approximately $507,073.70. This represents a 28.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas Valenti sold 751,631 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $20.50, for a total transaction of $15,408,435.50. Following the transaction, the chief executive officer owned 996,278 shares of the company’s stock, valued at approximately $20,423,699. The trade was a 43.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 862,026 shares of company stock valued at $17,423,897 in the last 90 days. 5.00% of the stock is currently owned by insiders.

Institutional Trading of QuinStreet

A number of hedge funds have recently modified their holdings of QNST. PNC Financial Services Group Inc. lifted 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 worth $36,000 after acquiring an additional 1,066 shares during the period. 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. Allworth Financial LP bought a new stake in shares of QuinStreet during the second quarter worth $66,000. Tripletail Wealth Management LLC increased its position in QuinStreet by 35.2% in the 4th quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock valued at $133,000 after acquiring an additional 2,420 shares in the last quarter. Finally, FJ Capital Management LLC bought a new position in QuinStreet in the 3rd quarter valued at $135,000. Institutional investors own 97.83% of the company’s stock.

QuinStreet Trading Down 0.2%

Shares of QNST stock opened at $18.73 on Friday. The stock has a 50-day simple moving average of $17.76 and a 200 day simple moving average of $14.17. QuinStreet has a fifty-two week low of $10.28 and a fifty-two week high of $22.29. The stock has a market capitalization of $1.07 billion, a P/E ratio of 13.28 and a beta of 0.70. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.22.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. QuinStreet had a net margin of 6.28% and a return on equity of 12.73%. The firm had revenue of $373.88 million for the quarter, compared to analysts’ expectations of $359.95 million. On average, sell-side analysts expect that QuinStreet will post 1.06 earnings per share for the current fiscal year.

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.