QuinStreet (NASDAQ:QNST) Raised to Hold at Zacks Research

QuinStreet (NASDAQ:QNST) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

A number of other research firms also recently weighed in on QNST. Wall Street Zen raised QuinStreet from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings upgraded QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Finally, B. Riley Financial upgraded QuinStreet to a “strong-buy” rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

QuinStreet Price Performance

Shares of NASDAQ:QNST opened at $15.50 on Thursday. The firm has a market cap of $890.32 million, a PE ratio of 13.60 and a beta of 0.67. The company has a fifty day simple moving average of $14.34 and a 200 day simple moving average of $13.10. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. QuinStreet has a 12-month low of $10.28 and a 12-month high of $18.02.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.14. The firm had revenue of $346.14 million for the quarter, compared to the consensus estimate of $336.22 million. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. QuinStreet’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period last year, the firm posted $0.21 EPS. On average, equities research analysts anticipate that QuinStreet will post 0.53 EPS for the current fiscal year.

Insider Activity at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 10,338 shares of QuinStreet stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $15.00, for a total transaction of $155,070.00. Following the transaction, the chief financial officer directly owned 390,344 shares in the company, valued at approximately $5,855,160. The trade was a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 Investors Weigh In On QuinStreet

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in QuinStreet by 17.0% in the 2nd quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock valued at $65,000 after buying an additional 649 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of QuinStreet during the 1st quarter worth approximately $949,000. Bank of America Corp DE boosted its position in shares of QuinStreet by 58.0% during the 1st quarter. Bank of America Corp DE now owns 179,378 shares of the technology company’s stock worth $2,154,000 after acquiring an additional 65,880 shares in the last quarter. Amundi boosted its position in shares of QuinStreet by 77.6% during the 1st quarter. Amundi now owns 65,066 shares of the technology company’s stock worth $781,000 after acquiring an additional 28,438 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in QuinStreet by 134.5% in the first quarter. Quantinno Capital Management LP now owns 124,437 shares of the technology company’s stock valued at $1,494,000 after acquiring an additional 71,369 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

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.