QuinStreet Inc (QNST) Receives Average Recommendation of “Buy” from Brokerages

QuinStreet Inc (NASDAQ:QNST) has been assigned an average recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued a report on the stock in the last year is $13.17.

A number of analysts recently weighed in on the stock. ValuEngine upgraded shares of QuinStreet from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Stephens reiterated a “buy” rating and set a $11.50 price target on shares of QuinStreet in a research note on Thursday, February 1st. BidaskClub cut shares of QuinStreet from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 30th. Barrington Research reiterated a “buy” rating and set a $15.00 price target on shares of QuinStreet in a research note on Tuesday, March 20th. Finally, Zacks Investment Research upgraded shares of QuinStreet from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Friday, February 9th.

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In other news, CEO Douglas Valenti sold 50,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $12.52, for a total value of $626,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Simons sold 229,717 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $12.53, for a total transaction of $2,878,354.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 862,358 shares of company stock valued at $10,388,404. 24.10% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in shares of QuinStreet by 39.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,080,100 shares of the technology company’s stock worth $17,431,000 after acquiring an additional 591,400 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of QuinStreet by 9.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 932,647 shares of the technology company’s stock worth $6,855,000 after acquiring an additional 84,301 shares during the period. State Street Corp lifted its stake in shares of QuinStreet by 4.5% in the 2nd quarter. State Street Corp now owns 764,300 shares of the technology company’s stock worth $3,184,000 after acquiring an additional 32,730 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of QuinStreet by 19.0% in the 4th quarter. Bank of New York Mellon Corp now owns 481,221 shares of the technology company’s stock worth $4,031,000 after acquiring an additional 76,854 shares during the period. Finally, Driehaus Capital Management LLC acquired a new stake in shares of QuinStreet in the 4th quarter worth $3,984,000. Institutional investors own 67.28% of the company’s stock.

Shares of NASDAQ QNST traded down $0.43 during mid-day trading on Monday, reaching $12.38. The company had a trading volume of 602,216 shares, compared to its average volume of 677,211. The company has a market capitalization of $592.26, a price-to-earnings ratio of -206.33, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. QuinStreet has a 52-week low of $3.36 and a 52-week high of $14.65.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.06. The firm had revenue of $87.49 million for the quarter, compared to the consensus estimate of $75.18 million. QuinStreet had a net margin of 0.78% and a return on equity of 5.77%. The company’s revenue was up 33.3% on a year-over-year basis. During the same period last year, the firm posted ($0.04) EPS. equities analysts expect that QuinStreet will post 0.18 earnings per share for the current year.

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About QuinStreet

QuinStreet, Inc, an Internet performance marketing and media company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

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