QuinStreet (NASDAQ:QNST) Raised to Buy at ValuEngine

ValuEngine upgraded shares of QuinStreet (NASDAQ:QNST) from a hold rating to a buy rating in a report released on Tuesday morning, ValuEngine reports.

QNST has been the topic of a number of other research reports. Zacks Investment Research lowered shares of QuinStreet from a hold rating to a strong sell rating in a research report on Wednesday, July 17th. Barrington Research dropped their price target on shares of QuinStreet from $20.00 to $16.00 and set an outperform rating on the stock in a research report on Thursday, August 15th. Northland Securities reissued a buy rating and issued a $18.00 price target on shares of QuinStreet in a research report on Monday, August 12th. BidaskClub raised shares of QuinStreet from a buy rating to a strong-buy rating in a research report on Thursday, October 10th. Finally, Stephens set a $19.00 price target on shares of QuinStreet and gave the company a buy rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $18.50.

Shares of QNST traded up $2.57 during mid-day trading on Tuesday, hitting $15.31. The company’s stock had a trading volume of 2,525,900 shares, compared to its average volume of 700,102. The stock has a market capitalization of $659.21 million, a price-to-earnings ratio of 12.97, a PEG ratio of 1.17 and a beta of 0.73. The firm has a 50-day moving average price of $12.67 and a 200 day moving average price of $14.08. QuinStreet has a fifty-two week low of $10.15 and a fifty-two week high of $20.02.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). QuinStreet had a net margin of 13.73% and a return on equity of 6.53%. The business had revenue of $121.96 million for the quarter, compared to the consensus estimate of $128.92 million. During the same period in the previous year, the business posted $0.13 EPS. QuinStreet’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts forecast that QuinStreet will post 0.44 EPS for the current fiscal year.

In other news, CEO Douglas Valenti sold 32,500 shares of QuinStreet stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $12.59, for a total value of $409,175.00. Following the transaction, the chief executive officer now owns 362,501 shares of the company’s stock, valued at $4,563,887.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 11.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in QNST. Cortina Asset Management LLC bought a new position in shares of QuinStreet in the second quarter valued at approximately $3,859,000. WINTON GROUP Ltd increased its position in QuinStreet by 97.1% during the second quarter. WINTON GROUP Ltd now owns 47,777 shares of the technology company’s stock worth $757,000 after acquiring an additional 23,537 shares during the period. Mesirow Financial Investment Management Inc. increased its position in QuinStreet by 26.7% during the second quarter. Mesirow Financial Investment Management Inc. now owns 43,901 shares of the technology company’s stock worth $675,000 after acquiring an additional 9,260 shares during the period. Falcon Point Capital LLC increased its position in QuinStreet by 64.1% during the second quarter. Falcon Point Capital LLC now owns 62,061 shares of the technology company’s stock worth $984,000 after acquiring an additional 24,252 shares during the period. Finally, Artemis Investment Management LLP increased its position in QuinStreet by 36.7% during the second quarter. Artemis Investment Management LLP now owns 737,665 shares of the technology company’s stock worth $11,366,000 after acquiring an additional 198,004 shares during the period. 99.22% of the stock is currently owned by institutional investors.

QuinStreet Company Profile

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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