QuinStreet, Inc. (NASDAQ:QNST) Receives $24.00 Consensus PT from Analysts

QuinStreet, Inc. (NASDAQ:QNST) has been given an average rating of “Moderate Buy” by the five research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $24.00.

A number of equities analysts have recently issued reports on QNST shares. Barrington Research reiterated an “outperform” rating and set a $24.00 price objective on shares of QuinStreet in a research note on Friday, February 6th. B. Riley Financial upped their target price on QuinStreet from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Lake Street Capital set a $15.00 price target on QuinStreet in a report on Friday, February 6th. Finally, Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 9th.

Institutional Trading of QuinStreet

Hedge funds have recently modified their holdings of the company. Nordea Investment Management AB purchased a new stake in QuinStreet during the second quarter valued at approximately $3,439,000. Arrowstreet Capital Limited Partnership increased its position in shares of QuinStreet by 58.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 708,367 shares of the technology company’s stock worth $11,405,000 after purchasing an additional 261,802 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of QuinStreet by 113.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 137,123 shares of the technology company’s stock valued at $2,121,000 after purchasing an additional 73,021 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of QuinStreet by 35.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 247,885 shares of the technology company’s stock worth $3,991,000 after purchasing an additional 64,707 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in shares of QuinStreet by 253.0% in the 3rd quarter. AlphaQuest LLC now owns 103,890 shares of the technology company’s stock worth $1,607,000 after purchasing an additional 74,460 shares in the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Trading Up 0.2%

QNST opened at $11.52 on Wednesday. The company has a market capitalization of $656.52 million, a price-to-earnings ratio of 10.57 and a beta of 0.70. QuinStreet has a 12-month low of $10.28 and a 12-month high of $21.40. The business’s fifty day simple moving average is $13.64 and its 200-day simple moving average is $14.52.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Thursday, February 5th. The technology company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. QuinStreet had a return on equity of 9.55% and a net margin of 5.64%.The firm had revenue of $287.85 million during the quarter, compared to the consensus estimate of $275.07 million. During the same period in the previous year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities research analysts predict that QuinStreet will post 0.12 EPS for the current 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.