QuinStreet Inc (NASDAQ:QNST) – Equities research analysts at Barrington Research cut their Q3 2018 EPS estimates for QuinStreet in a report released on Monday. Barrington Research analyst J. Goss now anticipates that the technology company will earn $0.05 per share for the quarter, down from their prior estimate of $0.06. Barrington Research has a “Outperform” rating and a $12.50 price objective on the stock. Barrington Research also issued estimates for QuinStreet’s Q4 2019 earnings at $0.10 EPS.

A number of other research firms also recently commented on QNST. Stephens reissued a “buy” rating and set a $11.50 target price on shares of QuinStreet in a research report on Thursday, February 1st. Zacks Investment Research raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Friday.

QuinStreet (QNST) traded down $0.42 during midday trading on Wednesday, reaching $11.44. 255,409 shares of the company’s stock were exchanged, compared to its average volume of 569,970. The stock has a market cap of $522.45, a P/E ratio of 237.25, a price-to-earnings-growth ratio of 2.51 and a beta of 1.36. QuinStreet has a 1-year low of $3.04 and a 1-year high of $13.15.

QuinStreet (NASDAQ:QNST) last released its earnings results on Wednesday, January 31st. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The firm had revenue of $87.49 million during the quarter, compared to analyst estimates of $75.18 million. QuinStreet had a net margin of 0.78% and a return on equity of 5.77%. The business’s revenue was up 33.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.04) EPS.

In other news, Director James R. Simons sold 229,716 shares of QuinStreet stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $8.63, for a total value of $1,982,449.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John G. Mcdonald sold 14,000 shares of QuinStreet stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $10.37, for a total transaction of $145,180.00. Following the completion of the transaction, the director now directly owns 67,671 shares in the company, valued at approximately $701,748.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 475,650 shares of company stock worth $4,214,765. Insiders own 24.10% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in QuinStreet by 48.8% during the 2nd quarter. Wells Fargo & Company MN now owns 27,130 shares of the technology company’s stock valued at $113,000 after acquiring an additional 8,900 shares during the period. LS Investment Advisors LLC increased its holdings in QuinStreet by 1,230.5% in the 4th quarter. LS Investment Advisors LLC now owns 14,556 shares of the technology company’s stock worth $122,000 after acquiring an additional 13,462 shares in the last quarter. Voya Investment Management LLC increased its holdings in QuinStreet by 21.7% in the 2nd quarter. Voya Investment Management LLC now owns 29,642 shares of the technology company’s stock worth $124,000 after acquiring an additional 5,278 shares in the last quarter. Bessemer Group Inc. purchased a new stake in QuinStreet in the 4th quarter worth $152,000. Finally, Strs Ohio purchased a new stake in QuinStreet in the 4th quarter worth $180,000. 63.02% of the stock is currently owned by hedge funds and other institutional investors.

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QuinStreet Company Profile

QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.

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