Barrington Research Reaffirms Outperform Rating for QuinStreet (NASDAQ:QNST)

QuinStreet (NASDAQ:QNST)‘s stock had its “outperform” rating reaffirmed by investment analysts at Barrington Research in a report issued on Monday,Benzinga reports. They currently have a $24.00 target price on the technology company’s stock. Barrington Research’s price target suggests a potential upside of 62.99% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen raised QuinStreet from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Weiss Ratings downgraded shares of QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, QuinStreet presently has a consensus rating of “Hold” and an average target price of $24.50.

QuinStreet Stock Performance

Shares of QNST stock traded up $0.65 during trading hours on Monday, reaching $14.73. The company had a trading volume of 96,141 shares, compared to its average volume of 374,542. QuinStreet has a twelve month low of $12.98 and a twelve month high of $25.50. The stock’s fifty day simple moving average is $14.30 and its 200 day simple moving average is $15.16. The company has a market capitalization of $835.64 million, a P/E ratio of 77.50 and a beta of 0.70.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.13. QuinStreet had a return on equity of 6.91% and a net margin of 0.96%.The firm had revenue of $285.85 million during the quarter, compared to analyst estimates of $279.73 million. During the same quarter last year, the firm earned $0.22 EPS. QuinStreet’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities analysts expect that QuinStreet will post 0.12 earnings per share for the current year.

Institutional Investors Weigh In On QuinStreet

A number of institutional investors have recently added to or reduced their stakes in QNST. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in QuinStreet by 8.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,622 shares of the technology company’s stock worth $235,000 after purchasing an additional 1,109 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of QuinStreet by 8.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 15,184 shares of the technology company’s stock worth $244,000 after buying an additional 1,189 shares during the last quarter. Entropy Technologies LP raised its holdings in shares of QuinStreet by 10.0% during the third quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock valued at $218,000 after acquiring an additional 1,284 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in QuinStreet by 4.5% in 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 in the last quarter. Finally, Legal & General Group Plc increased its position in QuinStreet by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 157,011 shares of the technology company’s stock valued at $2,528,000 after buying an additional 1,745 shares in the last quarter. 97.83% of the stock is 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.