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

Shares of QuinStreet, Inc. (NASDAQ:QNST) have received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $22.00.

QNST has been the subject of a number of analyst reports. Zacks Research upgraded shares of QuinStreet from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 30th. B. Riley Financial reiterated a “buy” rating on shares of QuinStreet in a research note on Friday. Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Lake Street Capital raised QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Friday, August 7th.

QuinStreet Trading Down 5.1%

Shares of QNST opened at $20.90 on Wednesday. QuinStreet has a 12-month low of $10.28 and a 12-month high of $22.29. The company has a quick ratio of 1.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 14.82 and a beta of 0.66. The stock’s 50-day moving average price is $15.13 and its 200 day moving average price is $13.25.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%.The firm had revenue of $373.88 million during the quarter, compared to analysts’ expectations of $359.95 million. As a group, research analysts predict that QuinStreet will post 0.94 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Gregory Wong sold 26,296 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $20.09, for a total transaction of $528,286.64. Following the completion of the sale, the chief financial officer owned 521,883 shares in the company, valued at $10,484,629.47. This trade represents a 4.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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. Also, CEO Douglas Valenti sold 751,631 shares of QuinStreet stock in a transaction dated 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 directly owned 996,278 shares of the company’s stock, valued at $20,423,699. This represents a 43.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last three months, insiders have sold 810,322 shares of company stock valued at $16,360,667. Company insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of QuinStreet by 4.5% in the 1st 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. Millennium Management LLC increased its holdings in QuinStreet by 213.3% during the 1st quarter. Millennium Management LLC now owns 714,482 shares of the technology company’s stock valued at $12,746,000 after purchasing an additional 486,406 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in QuinStreet by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 540,286 shares of the technology company’s stock valued at $9,639,000 after purchasing an additional 88,431 shares in the last quarter. Caxton Associates LLP bought a new position in QuinStreet in the 1st quarter valued at $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in QuinStreet by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,366 shares of the technology company’s stock worth $2,022,000 after purchasing an additional 2,135 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

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.