QuinStreet, Inc. (NASDAQ:QNST) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of QuinStreet, Inc. (NASDAQ:QNST) have been given a consensus rating of “Moderate Buy” by the four research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $15.75.

A number of equities analysts recently commented on QNST shares. Barrington Research reaffirmed an “outperform” rating and set a $16.00 price target on shares of QuinStreet in a research note on Thursday, February 8th. StockNews.com upgraded QuinStreet to a “sell” rating in a research report on Saturday. Finally, Stephens increased their price target on QuinStreet from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, March 15th.

QuinStreet Stock Performance

Shares of QuinStreet stock opened at $17.11 on Tuesday. The stock has a market cap of $939.19 million, a price-to-earnings ratio of -11.88 and a beta of 1.14. The stock has a 50 day moving average price of $15.92 and a 200-day moving average price of $13.09. QuinStreet has a one year low of $6.79 and a one year high of $17.76.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.05). QuinStreet had a negative return on equity of 32.98% and a negative net margin of 14.28%. The firm had revenue of $122.68 million for the quarter, compared to analysts’ expectations of $116.46 million. Sell-side analysts predict that QuinStreet will post -0.41 earnings per share for the current fiscal year.

Insider Activity at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 8,407 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $15.03, for a total value of $126,357.21. Following the transaction, the chief financial officer now directly owns 295,204 shares in the company, valued at approximately $4,436,916.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On QuinStreet

Several hedge funds have recently made changes to their positions in QNST. Thrivent Financial for Lutherans raised its holdings in shares of QuinStreet by 21.9% in the first quarter. Thrivent Financial for Lutherans now owns 4,680,263 shares of the technology company’s stock valued at $74,276,000 after acquiring an additional 840,745 shares in the last quarter. FMR LLC raised its holdings in shares of QuinStreet by 46.8% in the 3rd quarter. FMR LLC now owns 1,814,168 shares of the technology company’s stock valued at $16,273,000 after purchasing an additional 578,228 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of QuinStreet by 1,619.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 478,889 shares of the technology company’s stock worth $6,139,000 after purchasing an additional 451,032 shares during the period. UBS Group AG lifted its position in shares of QuinStreet by 566.6% in the 1st quarter. UBS Group AG now owns 423,822 shares of the technology company’s stock worth $4,917,000 after purchasing an additional 360,242 shares during the period. Finally, Jacobs Asset Management LLC boosted its stake in shares of QuinStreet by 61.0% during the second quarter. Jacobs Asset Management LLC now owns 665,000 shares of the technology company’s stock valued at $5,872,000 after purchasing an additional 251,868 shares in the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

QuinStreet Company Profile

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.