Northland Securities Comments on QuinStreet Q2 Earnings

QuinStreet, Inc. (NASDAQ:QNST) – Equities researchers at Northland Securities lifted their Q2 2027 EPS estimates for QuinStreet in a report released on Wednesday, November 4th. Northland Securities analyst M. Grondahl now anticipates that the technology company will post earnings of $0.18 per share for the quarter, up from their prior estimate of $0.17. The consensus estimate for QuinStreet’s current full-year earnings is $1.06 per share.

Other equities analysts also recently issued reports about the stock. B. Riley Financial restated a “buy” rating on shares of QuinStreet in a research note on Friday, August 7th. Wall Street Zen raised shares of QuinStreet from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 8th. Weiss Ratings raised shares of QuinStreet from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Lake Street Capital upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Friday, August 7th. Finally, Zacks Research cut QuinStreet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

QuinStreet Trading Down 1.6%

Shares of QNST opened at $19.12 on Friday. QuinStreet has a 1-year low of $10.28 and a 1-year high of $22.29. The company has a 50-day moving average of $16.88 and a 200 day moving average of $14.69. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 22.60 and a beta of 0.84. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 1.22.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Wednesday, November 4th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. The firm had revenue of $416.65 million for the quarter, compared to analysts’ expectations of $373.88 million. QuinStreet had a net margin of 6.58% and a return on equity of 15.69%.

Insider Activity

In other QuinStreet news, CFO Gregory Wong sold 11,704 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $20.44, for a total transaction of $239,229.76. Following the transaction, the chief financial officer directly owned 481,786 shares in the company, valued at $9,847,705.84. This represents a 2.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Asmau Ahmed sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $20.30, for a total transaction of $203,000.00. Following the transaction, the director directly owned 24,979 shares in the company, valued at $507,073.70. This trade represents a 28.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On QuinStreet

Several hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC lifted its position in shares of QuinStreet by 842.8% in the 3rd quarter. Sterling Capital Management LLC now owns 1,829 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,635 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of QuinStreet by 54.4% during the first quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,066 shares in the last quarter. GAMMA Investing LLC increased its holdings in QuinStreet by 17.0% during the second 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. Allworth Financial LP purchased a new position in QuinStreet during the second quarter valued at approximately $66,000. Finally, Nisa Investment Advisors LLC increased its holdings in QuinStreet by 160.0% during the third quarter. Nisa Investment Advisors LLC now owns 5,324 shares of the technology company’s stock valued at $80,000 after buying an additional 3,276 shares during the period. Hedge funds and other institutional investors own 97.83% of the company’s stock.

About QuinStreet

QuinStreet, Inc. is a digital performance marketing company that connects consumers researching financial and home services with businesses seeking customers. The company uses online marketplaces and marketing programs to help clients reach people who are actively looking for products and services. Its offerings include digital media, proprietary technology, data and analytics, and lead-generation services. QuinStreet serves clients in areas such as insurance, mortgages, credit cards, banking and home services, and its platforms help consumers compare options and request information from providers.