QuinStreet, Inc. (NASDAQ:QNST) Given Average Rating of “Moderate Buy” by Analysts

Shares of QuinStreet, Inc. (NASDAQ:QNST) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $22.60.

QNST has been the topic of several research reports. B. Riley Financial raised QuinStreet to a “strong-buy” rating in a research note on Thursday, April 2nd. Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 9th. Northland Securities assumed coverage on QuinStreet in a research note on Tuesday, March 17th. They issued an “outperform” rating and a $17.00 price target on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $24.00 price target on shares of QuinStreet in a research note on Friday, February 6th. Finally, Lake Street Capital set a $15.00 price target on QuinStreet in a research note on Friday, February 6th.

QuinStreet Stock Performance

Shares of QNST stock opened at $11.99 on Thursday. QuinStreet has a fifty-two week low of $10.28 and a fifty-two week high of $19.28. The stock has a 50 day moving average price of $11.77 and a two-hundred day moving average price of $13.53. The company has a market capitalization of $683.36 million, a P/E ratio of 11.00 and a beta of 0.71.

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

Institutional Investors Weigh In On QuinStreet

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of QuinStreet by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 4,257,710 shares of the technology company’s stock valued at $61,183,000 after purchasing an additional 133,468 shares in the last quarter. Private Capital Management LLC lifted its holdings in shares of QuinStreet by 0.4% during the fourth quarter. Private Capital Management LLC now owns 4,171,946 shares of the technology company’s stock valued at $59,951,000 after purchasing an additional 17,690 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of QuinStreet by 21.3% during the third quarter. Millennium Management LLC now owns 1,682,060 shares of the technology company’s stock valued at $26,021,000 after purchasing an additional 295,680 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of QuinStreet by 43.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,633,251 shares of the technology company’s stock valued at $23,470,000 after purchasing an additional 496,492 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of QuinStreet by 42.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,595,184 shares of the technology company’s stock valued at $22,923,000 after purchasing an additional 472,407 shares in the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

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.