QuinStreet (NASDAQ:QNST) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of QuinStreet (NASDAQ:QNST) from a buy rating to a strong-buy rating in a research report report published on Sunday morning,Wall Street Zen reports.

Other equities analysts also recently issued reports about the stock. B. Riley Financial reiterated a “buy” rating on shares of QuinStreet in a report on Friday, August 7th. Zacks Research lowered shares of QuinStreet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Northland Securities set a $23.00 price target on shares of QuinStreet in a report on Thursday, September 17th. Weiss Ratings raised shares of QuinStreet from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Finally, Lake Street Capital upgraded shares of QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, QuinStreet currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

QuinStreet Trading Down 2.0%

Shares of NASDAQ:QNST opened at $18.65 on Friday. QuinStreet has a 12-month low of $10.28 and a 12-month high of $22.29. The business’s fifty day simple moving average is $16.87 and its 200-day simple moving average is $14.64. The company has a market capitalization of $1.07 billion, a PE ratio of 22.14 and a beta of 0.84. The company has a current ratio of 1.32, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Wednesday, November 4th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11. The firm had revenue of $416.65 million during the quarter, compared to analyst estimates of $373.88 million. QuinStreet had a return on equity of 15.69% and a net margin of 6.58%. As a group, equities research analysts predict that QuinStreet will post 1.06 earnings per share for the current fiscal year.

Insider Activity

In other QuinStreet news, CFO Gregory Wong sold 11,704 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $20.44, for a total value of $239,229.76. Following the completion of the sale, the chief financial officer owned 481,786 shares of the company’s stock, valued at approximately $9,847,705.84. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Asmau Ahmed sold 15,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $20.85, for a total value of $312,750.00. Following the sale, the director owned 34,979 shares in the company, valued at $729,312.15. The trade was a 30.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 36,704 shares of company stock worth $754,980 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QuinStreet

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in QuinStreet in the 2nd quarter worth approximately $160,805,000. Lazard Asset Management LLC grew its position in QuinStreet by 619.0% during the 1st quarter. Lazard Asset Management LLC now owns 1,441,113 shares of the technology company’s stock worth $17,308,000 after purchasing an additional 1,240,667 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in QuinStreet by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,200,335 shares of the technology company’s stock valued at $14,417,000 after purchasing an additional 23,886 shares in the last quarter. Jacobs Asset Management LLC increased its stake in QuinStreet by 21.6% during the 1st quarter. Jacobs Asset Management LLC now owns 1,134,300 shares of the technology company’s stock valued at $13,623,000 after purchasing an additional 201,800 shares in the last quarter. Finally, NewEdge Wealth LLC acquired a new position in QuinStreet during the 2nd quarter valued at approximately $12,157,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Company Profile

QuinStreet, Inc. is a digital performance marketing company that connects consumers researching financial and home services with businesses seeking customers. The company uses online marketplaces and marketing programs to help clients reach people who are actively looking for products and services. Its offerings include digital media, proprietary technology, data and analytics, and lead-generation services. QuinStreet serves clients in areas such as insurance, mortgages, credit cards, banking and home services, and its platforms help consumers compare options and request information from providers.