QuinStreet Inc (NASDAQ:QNST) Receives Average Rating of “Buy” from Brokerages

Shares of QuinStreet Inc (NASDAQ:QNST) have received an average recommendation of “Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $19.00.

QNST has been the topic of several recent research reports. Zacks Investment Research raised QuinStreet from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. BidaskClub raised QuinStreet from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. Finally, Lake Street Capital initiated coverage on QuinStreet in a research note on Monday. They issued a “buy” rating and a $21.00 price target on the stock.

Shares of NASDAQ:QNST opened at $15.95 on Wednesday. QuinStreet has a 1-year low of $12.12 and a 1-year high of $20.02. The firm has a market cap of $807.16 million, a price-to-earnings ratio of 49.84, a PEG ratio of 1.77 and a beta of 0.66. The stock’s 50 day moving average price is $15.79.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Thursday, May 9th. The technology company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.11). QuinStreet had a return on equity of 8.30% and a net margin of 14.50%. The firm had revenue of $116.23 million for the quarter, compared to analyst estimates of $119.63 million. Sell-side analysts anticipate that QuinStreet will post 0.37 EPS for the current fiscal year.

In related news, Director Robin Josephs sold 25,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $16.04, for a total value of $401,000.00. Following the sale, the director now owns 125,404 shares of the company’s stock, valued at approximately $2,011,480.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andrew T. Sheehan sold 100,000 shares of QuinStreet stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $15.25, for a total value of $1,525,000.00. Following the completion of the transaction, the director now owns 36,621 shares of the company’s stock, valued at approximately $558,470.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 195,000 shares of company stock worth $3,054,775. 12.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Park West Asset Management LLC boosted its holdings in QuinStreet by 11.8% in the fourth quarter. Park West Asset Management LLC now owns 2,051,050 shares of the technology company’s stock worth $33,289,000 after purchasing an additional 216,015 shares during the last quarter. American International Group Inc. boosted its stake in shares of QuinStreet by 15.6% during the 4th quarter. American International Group Inc. now owns 33,853 shares of the technology company’s stock worth $549,000 after acquiring an additional 4,573 shares during the last quarter. Citigroup Inc. boosted its stake in shares of QuinStreet by 149.3% during the 4th quarter. Citigroup Inc. now owns 218,489 shares of the technology company’s stock worth $3,546,000 after acquiring an additional 130,862 shares during the last quarter. BlackRock Inc. boosted its stake in shares of QuinStreet by 13.6% during the 4th quarter. BlackRock Inc. now owns 6,438,631 shares of the technology company’s stock worth $104,499,000 after acquiring an additional 770,269 shares during the last quarter. Finally, Mackay Shields LLC boosted its stake in shares of QuinStreet by 31.9% during the 4th quarter. Mackay Shields LLC now owns 95,354 shares of the technology company’s stock worth $1,548,000 after acquiring an additional 23,054 shares during the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

About QuinStreet

QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

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Analyst Recommendations for QuinStreet (NASDAQ:QNST)

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