QuinStreet, Inc. (NASDAQ:QNST) Receives Average Rating of “Moderate Buy” from Brokerages

QuinStreet, Inc. (NASDAQ:QNST) has received a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $24.00.

Several equities analysts have recently issued reports on QNST shares. Barrington Research restated an “outperform” rating and set a $24.00 target price on shares of QuinStreet in a research report on Friday, February 6th. B. Riley Financial increased their price target on shares of QuinStreet from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Weiss Ratings raised shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 9th. Finally, Lake Street Capital set a $15.00 price objective on shares of QuinStreet in a report on Friday, February 6th.

Hedge Funds Weigh In On QuinStreet

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of QuinStreet by 10.2% in the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after buying an additional 730 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in QuinStreet by 8.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,622 shares of the technology company’s stock worth $235,000 after buying an additional 1,109 shares during the period. Entropy Technologies LP raised its stake in QuinStreet by 10.0% during the 3rd quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock worth $218,000 after buying an additional 1,284 shares during the period. Captrust Financial Advisors lifted its holdings in QuinStreet by 0.8% during the fourth quarter. Captrust Financial Advisors now owns 173,144 shares of the technology company’s stock worth $2,488,000 after acquiring an additional 1,379 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in QuinStreet by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock worth $571,000 after acquiring an additional 1,381 shares in the last quarter. 97.83% of the stock is owned by institutional investors.

QuinStreet Stock Up 2.1%

NASDAQ:QNST opened at $12.44 on Friday. QuinStreet has a 12-month low of $10.28 and a 12-month high of $19.52. The firm has a market capitalization of $708.96 million, a P/E ratio of 11.41 and a beta of 0.70. The stock’s fifty day simple moving average is $12.82 and its 200-day simple moving average is $14.14.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Thursday, February 5th. The technology company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. QuinStreet had a return on equity of 9.55% and a net margin of 5.64%.The business had revenue of $287.85 million during the quarter, compared to the consensus estimate of $275.07 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts expect that QuinStreet will post 0.12 earnings per share for the current 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.