QuinStreet, Inc. (NASDAQ:QNST) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of QuinStreet, Inc. (NASDAQ:QNSTGet Free Report) have received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $20.50.

Several research firms have weighed in on QNST. Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of QuinStreet from a “buy” rating to a “hold” rating in a report on Saturday. B. Riley Financial upgraded shares of QuinStreet to a “strong-buy” rating in a report on Thursday, April 2nd. Northland Securities began coverage on shares of QuinStreet in a report on Tuesday, March 17th. They set an “outperform” rating and a $17.00 price objective on the stock. Finally, Lake Street Capital set a $15.00 price objective on shares of QuinStreet in a report on Friday, February 6th.

Get Our Latest Stock Report on QuinStreet

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QNST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in QuinStreet by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock worth $571,000 after buying an additional 1,381 shares during the last quarter. Millennium Management LLC grew its stake in shares of QuinStreet by 213.3% in the 1st quarter. Millennium Management LLC now owns 714,482 shares of the technology company’s stock worth $12,746,000 after acquiring an additional 486,406 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of QuinStreet by 19.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 540,286 shares of the technology company’s stock worth $9,639,000 after acquiring an additional 88,431 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of QuinStreet in the 1st quarter worth $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of QuinStreet by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,366 shares of the technology company’s stock worth $2,022,000 after acquiring an additional 2,135 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

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QuinStreet Stock Down 1.1%

QuinStreet stock opened at $13.21 on Monday. QuinStreet has a 12-month low of $10.28 and a 12-month high of $17.13. The firm’s fifty day moving average is $12.29 and its 200 day moving average is $13.31. The company has a market capitalization of $752.84 million, a PE ratio of 11.59 and a beta of 0.72.

QuinStreet (NASDAQ:QNSTGet Free Report) last released its earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.14. QuinStreet had a net margin of 5.53% and a return on equity of 10.44%. The company had revenue of $346.14 million for the quarter, compared to the consensus estimate of $336.22 million. During the same quarter in the previous year, the company earned $0.21 EPS. QuinStreet’s quarterly revenue was up 28.3% compared to the same quarter last year. Sell-side analysts expect that QuinStreet will post 0.63 EPS for the current fiscal year.

About QuinStreet

(Get Free Report)

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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Analyst Recommendations for QuinStreet (NASDAQ:QNST)

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