QuinStreet (NASDAQ:QNST) Hits New 1-Year High – What’s Next?

QuinStreet, Inc. (NASDAQ:QNST) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $18.02 and last traded at $17.55, with a volume of 674129 shares traded. The stock had previously closed at $17.72.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on QNST. B. Riley Financial raised shares of QuinStreet to a “strong-buy” rating in a research report on Thursday, April 2nd. 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 cut shares of QuinStreet from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 1st. Finally, Wall Street Zen downgraded shares of QuinStreet from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, QuinStreet presently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

QuinStreet Stock Down 1.0%

The stock has a fifty day moving average of $13.39 and a 200 day moving average of $12.98. The firm has a market capitalization of $1.01 billion, a P/E ratio of 15.39 and a beta of 0.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18.

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, topping the consensus estimate of $0.17 by $0.14. The business had revenue of $346.14 million for the quarter, compared to analysts’ expectations of $336.22 million. QuinStreet had a return on equity of 9.97% and a net margin of 5.53%.The business’s revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. On average, research analysts anticipate that QuinStreet, Inc. will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling at QuinStreet

In related news, CFO Gregory Wong sold 22,057 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $12.19, for a total value of $268,874.83. Following the transaction, the chief financial officer directly owned 400,682 shares of the company’s stock, valued at approximately $4,884,313.58. The trade was a 5.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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 stock. PNC Financial Services Group Inc. grew its position 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 valued at $36,000 after acquiring an additional 1,066 shares during the period. GAMMA Investing LLC raised its holdings in shares of QuinStreet by 17.0% in the 2nd quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock worth $65,000 after purchasing an additional 649 shares during the period. Farther Finance Advisors LLC lifted its stake in QuinStreet by 10.2% in the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after purchasing an additional 730 shares during the last quarter. Tripletail Wealth Management LLC lifted its stake in QuinStreet by 35.2% in the fourth quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock valued at $133,000 after purchasing an additional 2,420 shares during the last quarter. Finally, FJ Capital Management LLC purchased a new position in QuinStreet in the third quarter valued at approximately $135,000. Institutional investors own 97.83% of the company’s stock.

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.