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

QuinStreet (NASDAQ:QNST) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Wall Street Zen raised QuinStreet from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, B. Riley Financial upgraded QuinStreet to a “strong-buy” rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.50.

QuinStreet Stock Performance

NASDAQ:QNST opened at $15.50 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. The firm has a market cap of $890.32 million, a price-to-earnings ratio of 13.60 and a beta of 0.67. QuinStreet has a twelve month low of $10.28 and a twelve month high of $18.02. The company has a 50-day moving average of $14.34 and a 200-day moving average of $13.10.

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

Insider Buying and Selling

In related news, CFO Gregory Wong sold 10,338 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $15.00, for a total transaction of $155,070.00. Following the transaction, the chief financial officer directly owned 390,344 shares of the company’s stock, valued at approximately $5,855,160. The trade was a 2.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On QuinStreet

A number of institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its stake in shares of QuinStreet by 54.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,066 shares during the last quarter. GAMMA Investing LLC increased its holdings in QuinStreet by 17.0% in the second quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock valued at $65,000 after purchasing an additional 649 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in QuinStreet by 10.2% in 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 boosted its holdings in QuinStreet by 35.2% during the fourth quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock worth $133,000 after buying an additional 2,420 shares during the last quarter. Finally, FJ Capital Management LLC bought a new position in QuinStreet during the third quarter worth about $135,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

About QuinStreet

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.