QuinStreet, Inc. (NASDAQ:QNST) Given Average Rating of “Hold” by Analysts

QuinStreet, Inc. (NASDAQ:QNST) has earned an average recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $24.50.

QNST has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. Wall Street Zen upgraded shares of QuinStreet from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $24.00 price target on shares of QuinStreet in a research note on Monday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tripletail Wealth Management LLC acquired a new stake in QuinStreet in the third quarter valued at approximately $105,000. Farther Finance Advisors LLC grew its position in QuinStreet by 885.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,221 shares of the technology company’s stock valued at $116,000 after purchasing an additional 6,488 shares during the period. FJ Capital Management LLC acquired a new stake in QuinStreet in the 3rd quarter valued at $135,000. Amundi bought a new stake in QuinStreet during the 3rd quarter valued at $166,000. Finally, Cerity Partners LLC acquired a new position in QuinStreet during the second quarter worth $170,000. Institutional investors own 97.83% of the company’s stock.

QuinStreet Trading Up 3.5%

Shares of QuinStreet stock opened at $14.57 on Tuesday. The business has a 50-day moving average price of $14.29 and a two-hundred day moving average price of $15.16. QuinStreet has a 1-year low of $12.98 and a 1-year high of $25.50. The company has a market cap of $826.88 million, a P/E ratio of 76.69 and a beta of 0.70.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Thursday, November 6th. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.09 by $0.13. The company had revenue of $285.85 million for the quarter, compared to analyst estimates of $279.73 million. QuinStreet had a return on equity of 6.91% and a net margin of 0.96%.The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 EPS. Equities research analysts forecast that QuinStreet will post 0.12 EPS for the current fiscal year.

QuinStreet Company Profile

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.