Brokerages Set QuinStreet, Inc. (NASDAQ:QNST) Target Price at $20.50

QuinStreet, Inc. (NASDAQ:QNSTGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $20.50.

A number of research firms have commented on QNST. B. Riley Financial upgraded QuinStreet to a “strong-buy” rating in a research report on Thursday, April 2nd. Northland Securities initiated coverage on shares of QuinStreet in a research note on Tuesday, March 17th. They set an “outperform” rating and a $17.00 price objective for the company. Wall Street Zen raised shares of QuinStreet from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings cut shares of QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th.

Get Our Latest Stock Analysis on QNST

Insider Buying and Selling at QuinStreet

In other news, CFO Gregory Wong sold 22,057 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $12.19, for a total transaction of $268,874.83. Following the completion of the transaction, the chief financial officer directly owned 400,682 shares of the company’s stock, valued at $4,884,313.58. This trade represents a 5.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of QuinStreet by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 4,257,710 shares of the technology company’s stock worth $61,183,000 after purchasing an additional 133,468 shares in the last quarter. Private Capital Management LLC increased its stake in shares of QuinStreet by 0.4% during the 4th quarter. Private Capital Management LLC now owns 4,171,946 shares of the technology company’s stock worth $59,951,000 after purchasing an additional 17,690 shares in the last quarter. Millennium Management LLC increased its stake in shares of QuinStreet by 21.3% during the 3rd quarter. Millennium Management LLC now owns 1,682,060 shares of the technology company’s stock worth $26,021,000 after purchasing an additional 295,680 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in 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 worth $23,470,000 after acquiring an additional 496,492 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in QuinStreet by 42.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,595,184 shares of the technology company’s stock worth $22,923,000 after acquiring an additional 472,407 shares during the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Stock Up 2.9%

QNST opened at $14.55 on Tuesday. The business’s fifty day moving average is $12.58 and its two-hundred day moving average is $12.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $835.75 million, a price-to-earnings ratio of 12.76 and a beta of 0.70. QuinStreet has a one year low of $10.28 and a one year high of $17.13.

QuinStreet (NASDAQ:QNSTGet Free Report) last posted its earnings results on Thursday, May 7th. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.14. The company had revenue of $346.14 million for the quarter, compared to the consensus estimate of $336.22 million. QuinStreet had a return on equity of 9.97% and a net margin of 5.53%.QuinStreet’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. Analysts anticipate that QuinStreet will post 0.53 EPS for the current fiscal year.

QuinStreet Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for QuinStreet (NASDAQ:QNST)

Receive News & Ratings for QuinStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuinStreet and related companies with MarketBeat.com's FREE daily email newsletter.