Northland Securities Forecasts QuinStreet Q2 Earnings

Key Points

• Northland Securities raised its Q2 2027 EPS forecast for QuinStreet to $0.18 from $0.17; full-year earnings consensus is $1.06 per share.
• QuinStreet reported quarterly EPS of $0.50, beating the $0.39 consensus, while revenue of $416.65 million exceeded expectations of $373.88 million.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $23.50; shares opened at $19.12 and were down 1.6%.

QuinStreet, Inc. (NASDAQ:QNST - Free Report) - Investment analysts at Northland Securities upped their Q2 2027 earnings per share estimates for shares of QuinStreet in a research report issued on Wednesday, November 4th. Northland Securities analyst M. Grondahl now forecasts 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.

A number of other brokerages have also weighed in on QNST. Wall Street Zen upgraded QuinStreet from a "buy" rating to a "strong-buy" rating in a research report on Sunday, November 8th. Weiss Ratings raised QuinStreet from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, October 16th. Zacks Research downgraded QuinStreet from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 6th. B. Riley Financial reissued a "buy" rating on shares of QuinStreet in a research note on Friday, August 7th. Finally, Lake Street Capital raised 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. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, QuinStreet currently has a consensus rating of "Moderate Buy" and an average price target of $23.50.

QuinStreet Stock Down 1.6%

Shares of QNST stock opened at $19.12 on Friday. The stock has a market cap of $1.10 billion, a P/E ratio of 22.60 and a beta of 0.84. QuinStreet has a 52 week low of $10.28 and a 52 week high of $22.29. 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 company's fifty day simple moving average is $16.88 and its two-hundred day simple moving average is $14.69.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.11. QuinStreet had a net margin of 6.58% and a return on equity of 15.69%. The firm had revenue of $416.65 million for the quarter, compared to analysts' expectations of $373.88 million.

Insider Buying and Selling at QuinStreet

In other QuinStreet news, Director Asmau Ahmed sold 10,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $20.30, for a total transaction of $203,000.00. Following the completion of the transaction, the director owned 24,979 shares in the company, valued at $507,073.70. This trade represents a 28.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory Wong sold 11,704 shares of QuinStreet 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 completion of the transaction, the chief financial officer directly owned 481,786 shares of the company's stock, valued at $9,847,705.84. The trade was a 2.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.50% of the company's stock.

Institutional Trading of QuinStreet

Several hedge funds have recently made changes to their positions in QNST. First Trust Advisors LP lifted its stake in QuinStreet by 856.9% in the third quarter. First Trust Advisors LP now owns 237,332 shares of the technology company's stock worth $3,562,000 after purchasing an additional 212,530 shares during the last quarter. Ieq Capital LLC grew its stake in shares of QuinStreet by 5.3% during the third quarter. Ieq Capital LLC now owns 119,230 shares of the technology company's stock valued at $1,790,000 after buying an additional 6,004 shares during the last quarter. Focus Advisor Solutions LLC bought a new position in shares of QuinStreet during the third quarter valued at approximately $248,000. Intech Investment Management LLC raised its holdings in shares of QuinStreet by 0.8% in the third quarter. Intech Investment Management LLC now owns 131,405 shares of the technology company's stock worth $1,972,000 after buying an additional 1,055 shares during the period. Finally, Maryland State Retirement & Pension System purchased a new stake in shares of QuinStreet in the third quarter worth approximately $176,000. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

QuinStreet Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.