Lake Street Capital upgraded shares of QuinStreet (NASDAQ:QNST – Free Report) from a hold rating to a buy rating in a research note released on Friday, Marketbeat.com reports. Lake Street Capital currently has $21.00 price target on the technology company’s stock.
Several other equities research analysts have also recently issued reports on the stock. Wall Street Zen raised shares of QuinStreet from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. Finally, Zacks Research raised QuinStreet from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.
View Our Latest Stock Analysis on QNST
QuinStreet Stock Up 38.5%
QuinStreet (NASDAQ:QNST – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $373.88 million for the quarter, compared to analyst estimates of $359.95 million. QuinStreet had a return on equity of 13.18% and a net margin of 6.28%. As a group, equities research analysts forecast that QuinStreet will post 0.94 earnings per share for the current fiscal year.
Insider Buying and Selling at QuinStreet
In other QuinStreet news, CFO Gregory Wong sold 22,057 shares of QuinStreet stock in a transaction on 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 owned 400,682 shares in the company, 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 Securities & Exchange Commission, which is available through this link. 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 and other institutional investors have recently bought and sold shares of the business. K.J. Harrison & Partners Inc purchased a new position in QuinStreet in the second quarter valued at about $391,000. BlackRock Inc. purchased a new stake in shares of QuinStreet in the second quarter worth about $160,805,000. Deutsche Bank AG acquired a new stake in shares of QuinStreet in the second quarter valued at about $863,000. Bank of New York Mellon Corp acquired a new stake in shares of QuinStreet in the second quarter valued at about $4,708,000. Finally, State of Wyoming purchased a new stake in shares of QuinStreet during the 2nd quarter valued at about $400,000. 97.83% of the stock is owned by institutional investors and hedge funds.
QuinStreet News Roundup
Here are the key news stories impacting QuinStreet this week:
- Positive Sentiment: Quarterly earnings and revenue exceeded expectations. QuinStreet reported adjusted earnings of $0.50 per share, up from $0.25 a year earlier and ahead of the $0.44 consensus estimate. Revenue reached $373.88 million, surpassing analysts’ $359.95 million forecast. QuinStreet Surpasses Q4 Earnings and Revenue Estimates
- Positive Sentiment: Forward revenue guidance was well above consensus. Management projected first-quarter fiscal 2027 revenue of $370 million to $380 million, compared with analysts’ estimate of approximately $355.3 million. The outlook signals continued momentum into the new fiscal year. Why QuinStreet Stock Is Soaring
- Positive Sentiment: Growth was driven by insurance and home services. Reports and management commentary highlighted these verticals as key contributors to the earnings beat, reinforcing investor confidence in QuinStreet’s marketplace expansion and demand-generation model. QuinStreet Shares Surge After Strong Earnings Beat
- Positive Sentiment: Lake Street Capital upgraded QNST from “Hold” to “Buy.” The firm established a $21 price target, adding support to the bullish reaction, although the target is close to the stock’s current trading level. Lake Street Upgrades QuinStreet to Buy
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.
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