QuinStreet, Inc. (NASDAQ:QNST) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts have a consensus “Moderate Buy” on QuinStreet from six firms (2 holds, 3 buys, 1 strong buy), with an average 1‑year price target of $22.60.
• Major hedge funds materially increased positions—Balyasny, Millennium, Goldman and others—leaving institutional investors with a dominant 97.83% ownership stake.
• QuinStreet recently reported an earnings beat (Q: $0.24 EPS vs. $0.21 est.; revenue $287.85M vs. $275.07M), and trades near $13 with a market cap of $743.15M and a P/E of 11.96 (52‑week range $10.28–$19.28).

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $22.60.

QNST has been the subject of several recent research reports. Weiss Ratings upgraded QuinStreet from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday. Barrington Research restated an "outperform" rating and set a $24.00 price objective on shares of QuinStreet in a report on Friday, February 6th. B. Riley Financial upgraded QuinStreet to a "strong-buy" rating in a report on Thursday, April 2nd. Lake Street Capital set a $15.00 price objective on QuinStreet in a report on Friday, February 6th. Finally, Northland Securities initiated coverage on QuinStreet in a report on Tuesday, March 17th. They set an "outperform" rating and a $17.00 price objective for the company.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of QNST. Balyasny Asset Management L.P. boosted its position in shares of QuinStreet by 1,000.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 900,264 shares of the technology company's stock valued at $12,937,000 after buying an additional 1,000,264 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of QuinStreet by 43.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,633,251 shares of the technology company's stock valued at $23,470,000 after buying an additional 496,492 shares during the last quarter. Millennium Management LLC boosted its position in shares of QuinStreet by 213.3% during the first quarter. Millennium Management LLC now owns 714,482 shares of the technology company's stock valued at $12,746,000 after buying an additional 486,406 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of QuinStreet by 42.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,595,184 shares of the technology company's stock valued at $22,923,000 after buying an additional 472,407 shares during the last quarter. Finally, Algert Global LLC boosted its position in shares of QuinStreet by 161.4% during the third quarter. Algert Global LLC now owns 580,853 shares of the technology company's stock valued at $8,986,000 after buying an additional 358,610 shares during the last quarter. Hedge funds and other institutional investors own 97.83% of the company's stock.

QuinStreet Price Performance

QuinStreet stock opened at $13.04 on Monday. The stock's 50 day moving average is $12.16 and its 200 day moving average is $13.33. The firm has a market cap of $743.15 million, a P/E ratio of 11.96 and a beta of 0.72. QuinStreet has a one year low of $10.28 and a one year high of $19.28.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its earnings results on Thursday, February 5th. The technology company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.03. The business had revenue of $287.85 million during the quarter, compared to the consensus estimate of $275.07 million. QuinStreet had a return on equity of 9.55% and a net margin of 5.64%.The firm's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. Equities analysts anticipate that QuinStreet will post 0.63 earnings per share for the current fiscal year.

About QuinStreet

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.

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