QuinStreet, Inc. (NASDAQ:QNST) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• QuinStreet, Inc. has received a consensus rating of "Moderate Buy" from five analysts, with one hold rating and four buy ratings.
• Recent institutional investments have increased, with 97.83% of QuinStreet's stock now owned by institutional investors.
• The company's latest earnings report showed $0.21 earnings per share, surpassing estimates and reflecting a 60.1% year-over-year revenue increase.

Shares of QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $29.00.

QNST has been the topic of several recent analyst reports. Barrington Research reiterated an "outperform" rating and set a $29.00 target price on shares of QuinStreet in a research report on Wednesday, April 23rd. Lake Street Capital dropped their target price on QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Stephens reiterated an "overweight" rating and set a $31.00 target price on shares of QuinStreet in a research report on Thursday, May 8th. Finally, Wall Street Zen raised QuinStreet from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st.

Institutional Investors Weigh In On QuinStreet

Institutional investors have recently modified their holdings of the company. Illinois Municipal Retirement Fund boosted its stake in shares of QuinStreet by 4.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 31,717 shares of the technology company's stock worth $566,000 after acquiring an additional 1,247 shares in the last quarter. SG Americas Securities LLC lifted its stake in QuinStreet by 26.2% in the 1st quarter. SG Americas Securities LLC now owns 32,889 shares of the technology company's stock valued at $587,000 after buying an additional 6,829 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in QuinStreet by 51.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 31,872 shares of the technology company's stock valued at $574,000 after buying an additional 10,786 shares in the last quarter. Bank of America Corp DE lifted its stake in QuinStreet by 25.3% in the 4th quarter. Bank of America Corp DE now owns 124,308 shares of the technology company's stock valued at $2,868,000 after buying an additional 25,101 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in QuinStreet by 45.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 381,941 shares of the technology company's stock valued at $8,811,000 after buying an additional 119,154 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company's stock.

QuinStreet Price Performance

NASDAQ QNST traded up $0.59 on Friday, hitting $16.95. 309,986 shares of the company's stock were exchanged, compared to its average volume of 594,749. The firm's 50-day moving average price is $15.81 and its two-hundred day moving average price is $17.69. QuinStreet has a fifty-two week low of $14.39 and a fifty-two week high of $26.27. The firm has a market cap of $957.28 million, a price-to-earnings ratio of -1,693.81 and a beta of 0.71.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.15. QuinStreet had a positive return on equity of 1.08% and a negative net margin of 0.06%. The company had revenue of $269.84 million for the quarter, compared to analysts' expectations of $270.36 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm's quarterly revenue was up 60.1% on a year-over-year basis. On average, research analysts predict that QuinStreet will post 0.12 earnings per share for the current fiscal year.

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.