Analysts Set QuinStreet Inc (NASDAQ:QNST) PT at $18.50

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Shares of QuinStreet Inc (NASDAQ:QNST) have been given a consensus rating of “Buy” by the ten analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $18.50.

A number of research analysts have issued reports on QNST shares. Zacks Investment Research downgraded shares of QuinStreet from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 17th. Stephens set a $19.00 price objective on shares of QuinStreet and gave the company a “buy” rating in a research report on Friday, August 9th. Barrington Research reduced their price objective on shares of QuinStreet from $20.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, August 15th. Lake Street Capital started coverage on shares of QuinStreet in a report on Monday, June 24th. They set a “buy” rating and a $21.00 target price on the stock. Finally, Northland Securities restated a “buy” rating and set a $18.00 target price on shares of QuinStreet in a report on Monday, August 12th.

QuinStreet stock traded down $0.16 during mid-day trading on Monday, reaching $12.79. 561,889 shares of the company traded hands, compared to its average volume of 719,892. The firm’s 50 day moving average price is $12.86 and its 200 day moving average price is $14.26. The firm has a market capitalization of $651.87 million, a price-to-earnings ratio of 10.84, a P/E/G ratio of 1.15 and a beta of 0.76. QuinStreet has a 52-week low of $10.15 and a 52-week high of $20.02.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). The company had revenue of $121.96 million for the quarter, compared to analysts’ expectations of $128.92 million. QuinStreet had a net margin of 13.73% and a return on equity of 6.53%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 earnings per share. As a group, analysts anticipate that QuinStreet will post 0.44 EPS for the current fiscal year.

In other news, CEO Douglas Valenti sold 32,500 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $12.59, for a total transaction of $409,175.00. Following the sale, the chief executive officer now owns 362,501 shares in the company, valued at approximately $4,563,887.59. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 12.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in QNST. Victory Capital Management Inc. boosted its holdings in shares of QuinStreet by 10,010.2% during the 1st quarter. Victory Capital Management Inc. now owns 1,564,560 shares of the technology company’s stock valued at $20,949,000 after buying an additional 1,549,085 shares in the last quarter. William Blair Investment Management LLC bought a new position in QuinStreet in the 2nd quarter worth about $15,440,000. Bank of America Corp DE boosted its stake in QuinStreet by 57.2% in the 2nd quarter. Bank of America Corp DE now owns 2,642,499 shares of the technology company’s stock worth $41,883,000 after purchasing an additional 961,915 shares in the last quarter. Clearbridge Investments LLC bought a new position in QuinStreet in the 1st quarter worth about $9,497,000. Finally, Marshall Wace LLP bought a new position in QuinStreet in the 1st quarter worth about $8,580,000. Hedge funds and other institutional investors own 97.60% of the company’s stock.

QuinStreet Company Profile

QuinStreet, Inc, an Internet performance marketing 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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Analyst Recommendations for QuinStreet (NASDAQ:QNST)

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