Zacks Investment Research upgraded shares of QuinStreet (NASDAQ:QNST) from a hold rating to a buy rating in a report published on Friday, February 9th. They currently have $13.00 price objective on the technology company’s stock.
According to Zacks, “QuinStreet Inc, is a provider of online direct marketing and media services. The Company offers online messaging, email broadcasting, search engine marketing, and brand management services. It caters to education, financial services, healthcare, advertising, and tourism sectors. QuinStreet, Inc. also operates web portal which offers comprehensive consumer information service and companion insurance brokerage service to self-directed insurance shoppers. The Company vigilantly manages brand and regulatory compliance using proprietary technologies and staff. It does not support or use spyware, spam, or promotions that cheat customers. QuinStreet Inc. is headquartered in Foster City, California. “
A number of other research firms also recently weighed in on QNST. Stephens reaffirmed a buy rating and set a $11.50 price target on shares of QuinStreet in a research note on Thursday, February 1st. Barrington Research initiated coverage on QuinStreet in a research note on Tuesday, November 28th. They issued an outperform rating and a $12.50 price objective for the company.
QuinStreet (QNST) opened at $12.61 on Friday. QuinStreet has a fifty-two week low of $3.04 and a fifty-two week high of $13.25. The firm has a market capitalization of $583.01, a price-to-earnings ratio of 252.25, a price-to-earnings-growth ratio of 2.80 and a beta of 1.36.
QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $87.49 million during the quarter, compared to analysts’ expectations of $75.18 million. QuinStreet had a return on equity of 5.77% and a net margin of 0.78%. QuinStreet’s revenue was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) EPS. equities research analysts predict that QuinStreet will post 0.18 EPS for the current year.
In related news, Director James R. Simons sold 229,716 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $8.63, for a total value of $1,982,449.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John G. Mcdonald sold 14,000 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $10.37, for a total value of $145,180.00. Following the completion of the sale, the director now owns 67,671 shares in the company, valued at approximately $701,748.27. The disclosure for this sale can be found here. Over the last three months, insiders have sold 475,650 shares of company stock valued at $4,214,765. 24.10% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of QNST. JPMorgan Chase & Co. grew its stake in shares of QuinStreet by 14.3% in the second quarter. JPMorgan Chase & Co. now owns 99,475 shares of the technology company’s stock worth $415,000 after purchasing an additional 12,426 shares during the last quarter. Wells Fargo & Company MN boosted its position in QuinStreet by 48.8% during the 2nd quarter. Wells Fargo & Company MN now owns 27,130 shares of the technology company’s stock valued at $113,000 after acquiring an additional 8,900 shares in the last quarter. Ameriprise Financial Inc. boosted its position in QuinStreet by 4.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 194,744 shares of the technology company’s stock valued at $812,000 after acquiring an additional 8,095 shares in the last quarter. Citigroup Inc. boosted its position in QuinStreet by 3.8% during the 2nd quarter. Citigroup Inc. now owns 50,968 shares of the technology company’s stock valued at $212,000 after acquiring an additional 1,889 shares in the last quarter. Finally, Northern Trust Corp boosted its position in QuinStreet by 10.6% during the 2nd quarter. Northern Trust Corp now owns 424,285 shares of the technology company’s stock valued at $1,769,000 after acquiring an additional 40,747 shares in the last quarter. 63.72% of the stock is currently owned by institutional investors.
QuinStreet Company Profile
QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.
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