QuinStreet (QNST) Projected to Post Quarterly Earnings on Thursday

QuinStreet (NASDAQ:QNST) is projected to post its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect QuinStreet to post earnings of $0.18 per share and revenue of $239.80 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.15 by $0.07. The company had revenue of $279.22 million during the quarter, compared to analyst estimates of $222.68 million. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The business’s revenue was up 125.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.19) EPS. On average, analysts expect QuinStreet to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

QuinStreet Trading Up 4.5 %

QNST stock opened at $24.77 on Wednesday. The stock’s 50 day simple moving average is $22.59 and its 200 day simple moving average is $20.47. QuinStreet has a 12-month low of $12.19 and a 12-month high of $26.27. The firm has a market cap of $1.39 billion, a P/E ratio of -61.93 and a beta of 1.06.

Insiders Place Their Bets

In related news, Director Matthew Glickman sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the transaction, the director now owns 113,140 shares in the company, valued at $2,560,358.20. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stuart Huizinga sold 2,980 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $23.00, for a total value of $68,540.00. Following the completion of the sale, the director now owns 171,923 shares of the company’s stock, valued at $3,954,229. This trade represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,000 shares of company stock worth $910,374. 5.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com cut shares of QuinStreet from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. B. Riley lifted their target price on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Barrington Research reissued an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a report on Friday, December 6th. Stephens boosted their price objective on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Lake Street Capital increased their target price on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

About QuinStreet

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.