QuinStreet (NASDAQ:QNST) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

QuinStreet (NASDAQ:QNST) released its quarterly earnings data on Thursday. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03, FiscalAI reports. QuinStreet had a return on equity of 6.91% and a net margin of 0.96%.The company had revenue of $287.85 million during the quarter, compared to the consensus estimate of $275.07 million.

QuinStreet Trading Down 4.1%

NASDAQ QNST traded down $0.47 during trading hours on Thursday, hitting $11.06. The company’s stock had a trading volume of 1,699,070 shares, compared to its average volume of 689,564. QuinStreet has a 52 week low of $10.70 and a 52 week high of $25.50. The company has a market capitalization of $627.68 million, a PE ratio of 58.21 and a beta of 0.70. The company’s 50-day simple moving average is $14.37 and its two-hundred day simple moving average is $14.92.

Analyst Upgrades and Downgrades

Several brokerages recently commented on QNST. Barrington Research reiterated an “outperform” rating and issued a $24.00 target price on shares of QuinStreet in a report on Monday, January 5th. Weiss Ratings cut QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 29th. Finally, B. Riley increased their price target on QuinStreet from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $24.75.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of QNST. Millennium Management LLC grew its holdings in QuinStreet by 213.3% during the first quarter. Millennium Management LLC now owns 714,482 shares of the technology company’s stock worth $12,746,000 after buying an additional 486,406 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in QuinStreet by 190.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 525,775 shares of the technology company’s stock worth $8,465,000 after acquiring an additional 344,714 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of QuinStreet by 47.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 832,872 shares of the technology company’s stock worth $13,409,000 after acquiring an additional 268,511 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of QuinStreet by 87.8% in the second quarter. AQR Capital Management LLC now owns 521,553 shares of the technology company’s stock valued at $8,397,000 after purchasing an additional 243,835 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of QuinStreet by 76.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 540,592 shares of the technology company’s stock valued at $8,363,000 after purchasing an additional 234,302 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

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.