QuinStreet (NASDAQ:QNST) Coverage Initiated by Analysts at Stephens

Stephens began coverage on shares of QuinStreet (NASDAQ:QNST) in a report issued on Friday. The firm set an “equal weight” rating and a $22.00 price target on the technology company’s stock. Stephens‘s target price suggests a potential upside of 15.44% from the company’s current price.

Several other research firms also recently commented on QNST. Wall Street Zen raised QuinStreet from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 8th. B. Riley Financial reissued a “buy” rating on shares of QuinStreet in a report on Friday, August 7th. Zacks Research downgraded QuinStreet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. 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 research note on Friday, August 7th. Finally, Northland Securities set a $23.00 price objective on QuinStreet in a report on Thursday, September 17th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.20.

QuinStreet Stock Performance

Shares of NASDAQ QNST traded down $0.06 during mid-day trading on Friday, reaching $19.06. 17,048 shares of the company were exchanged, compared to its average volume of 870,408. The company’s 50-day simple moving average is $16.88 and its 200-day simple moving average is $14.69. The company has a quick ratio of 1.22, a current ratio of 1.32 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.09 billion, a P/E ratio of 11.80 and a beta of 0.84. QuinStreet has a twelve month low of $10.28 and a twelve month high of $22.29.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Wednesday, November 4th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The business had revenue of $416.65 million for the quarter, compared to analyst estimates of $373.88 million. QuinStreet had a net margin of 6.58% and a return on equity of 15.69%. As a group, research analysts predict that QuinStreet will post 1.06 earnings per share for the current year.

Insider Buying and Selling at QuinStreet

In other news, CFO Gregory Wong sold 11,704 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $20.44, for a total transaction of $239,229.76. Following the sale, the chief financial officer directly owned 481,786 shares of the company’s stock, valued at approximately $9,847,705.84. This represents a 2.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 on Monday, August 17th. The stock was sold at an average price of $20.30, for a total value of $203,000.00. Following the completion of the transaction, the director owned 24,979 shares in the company, valued at $507,073.70. The trade was a 28.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is owned by insiders.

Institutional Investors Weigh In On QuinStreet

A number of large investors have recently bought and sold shares of QNST. BlackRock Inc. bought a new stake in shares of QuinStreet during the 2nd quarter worth approximately $160,805,000. Lazard Asset Management LLC increased its stake in QuinStreet by 619.0% in the first quarter. Lazard Asset Management LLC now owns 1,441,113 shares of the technology company’s stock valued at $17,308,000 after acquiring an additional 1,240,667 shares during the last quarter. Dimensional Fund Advisors LP raised its position in QuinStreet by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,200,335 shares of the technology company’s stock valued at $14,417,000 after purchasing an additional 23,886 shares in the last quarter. Jacobs Asset Management LLC raised its position in QuinStreet by 21.6% during the first quarter. Jacobs Asset Management LLC now owns 1,134,300 shares of the technology company’s stock valued at $13,623,000 after purchasing an additional 201,800 shares in the last quarter. Finally, NewEdge Wealth LLC acquired a new position in QuinStreet during the second quarter valued at approximately $12,157,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

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.