QuinStreet (NASDAQ:QNST) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of QuinStreet (NASDAQ:QNST) from a strong sell rating to a hold rating in a report published on Thursday,Zacks.com reports.

Several other research firms have also commented on QNST. B. Riley Financial upgraded QuinStreet to a “strong-buy” rating in a research report on Thursday, April 2nd. Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, QuinStreet currently has an average rating of “Moderate Buy” and an average target price of $20.50.

QuinStreet Price Performance

QNST stock opened at $15.50 on Thursday. QuinStreet has a 52 week low of $10.28 and a 52 week high of $18.02. The firm has a market capitalization of $890.32 million, a P/E ratio of 13.60 and a beta of 0.67. The company has a fifty day simple moving average of $14.34 and a two-hundred day simple moving average of $13.10. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.23.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.14. The firm had revenue of $346.14 million for the quarter, compared to the consensus estimate of $336.22 million. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. The business’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. Analysts anticipate that QuinStreet will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling at QuinStreet

In other news, CFO Gregory Wong sold 10,338 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $15.00, for a total value of $155,070.00. Following the sale, the chief financial officer owned 390,344 shares of the company’s stock, valued at approximately $5,855,160. This represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On QuinStreet

Several hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in QuinStreet by 54.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,066 shares during the period. GAMMA Investing LLC boosted its position in shares of QuinStreet by 17.0% during the second quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock valued at $65,000 after buying an additional 649 shares during the period. Farther Finance Advisors LLC boosted its position in shares of QuinStreet by 10.2% during the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after buying an additional 730 shares during the period. Tripletail Wealth Management LLC grew its stake in shares of QuinStreet by 35.2% during the fourth quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock valued at $133,000 after buying an additional 2,420 shares during the last quarter. Finally, FJ Capital Management LLC bought a new position in shares of QuinStreet during the third quarter valued at approximately $135,000. 97.83% of the stock is currently owned by institutional investors.

QuinStreet Company Profile

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.