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

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $29.00.

A number of brokerages have recently commented on QNST. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Lake Street Capital reduced their target price on shares of QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Stephens reaffirmed an "overweight" rating and set a $31.00 target price on shares of QuinStreet in a research report on Thursday, May 8th. B. Riley reaffirmed a "buy" rating and set a $34.00 target price (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $29.00 target price on shares of QuinStreet in a research report on Wednesday, April 23rd.

QuinStreet Stock Down 2.3%

QNST opened at $15.35 on Monday. The firm has a 50-day simple moving average of $16.94 and a two-hundred day simple moving average of $20.24. QuinStreet has a 52 week low of $14.39 and a 52 week high of $26.27. The company has a market capitalization of $866.80 million, a PE ratio of -69.77 and a beta of 0.79.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.15. QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. The company had revenue of $269.84 million for the quarter, compared to analyst estimates of $270.36 million. During the same period in the prior year, the company posted $0.06 EPS. The firm's revenue for the quarter was up 60.1% on a year-over-year basis. As a group, sell-side analysts expect that QuinStreet will post 0.12 earnings per share for the current year.

Insider Activity at QuinStreet

In related news, CFO Gregory Wong sold 8,516 shares of QuinStreet stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total transaction of $194,846.08. Following the transaction, the chief financial officer now directly owns 337,031 shares of the company's stock, valued at $7,711,269.28. This trade represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 5.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QuinStreet

Several institutional investors have recently bought and sold shares of QNST. State of Alaska Department of Revenue boosted its stake in QuinStreet by 1.4% in the fourth quarter. State of Alaska Department of Revenue now owns 31,976 shares of the technology company's stock valued at $737,000 after acquiring an additional 432 shares in the last quarter. SG Americas Securities LLC boosted its stake in QuinStreet by 1.8% in the fourth quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company's stock valued at $601,000 after acquiring an additional 459 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in QuinStreet by 1.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 27,200 shares of the technology company's stock valued at $628,000 after acquiring an additional 500 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in QuinStreet by 43.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock valued at $88,000 after acquiring an additional 1,162 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its stake in QuinStreet by 4.1% in the first quarter. Illinois Municipal Retirement Fund now owns 31,717 shares of the technology company's stock valued at $566,000 after acquiring an additional 1,247 shares in the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Company Profile

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.

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