QuinStreet (NASDAQ:QNST) Sets New 12-Month Low – Should You Sell?

Shares of QuinStreet, Inc. (NASDAQ:QNST) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $12.86 and last traded at $12.8460, with a volume of 24598 shares. The stock had previously closed at $13.34.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on QNST shares. B. Riley boosted their price target on QuinStreet from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Barrington Research reaffirmed an “outperform” rating and issued a $24.00 target price on shares of QuinStreet in a report on Monday, January 5th. Finally, Weiss Ratings cut shares of QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.75.

QuinStreet Price Performance

The firm has a market cap of $676.18 million, a P/E ratio of 62.87 and a beta of 0.70. The company’s 50-day simple moving average is $14.47 and its 200 day simple moving average is $14.97.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. The firm had revenue of $285.85 million for the quarter, compared to analysts’ expectations of $279.73 million. QuinStreet had a net margin of 0.96% and a return on equity of 6.91%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. Analysts anticipate that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On QuinStreet

Several institutional investors have recently bought and sold shares of the company. Tripletail Wealth Management LLC purchased a new position in QuinStreet during the 3rd quarter worth $105,000. Farther Finance Advisors LLC grew its stake in shares of QuinStreet by 10.2% during the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after acquiring an additional 730 shares during the last quarter. FJ Capital Management LLC acquired a new position in shares of QuinStreet during the third quarter valued at about $135,000. Amundi purchased a new position in shares of QuinStreet in the 3rd quarter valued at approximately $166,000. Finally, Cerity Partners LLC acquired a new position in QuinStreet during the 2nd quarter valued at approximately $170,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

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.