QuinStreet (NASDAQ:QNST) Hits New 1-Year High – What’s Next?

QuinStreet, Inc. (NASDAQ:QNST) reached a new 52-week high during trading on Friday . The stock traded as high as $17.22 and last traded at $17.02, with a volume of 21759 shares changing hands. The stock had previously closed at $16.84.

Analysts Set New Price Targets

QNST has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of QuinStreet from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Northland Securities started coverage on QuinStreet in a research note on Tuesday, March 17th. They set an “outperform” rating and a $17.00 target price on the stock. Zacks Research lowered shares of QuinStreet from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 1st. B. Riley Financial raised shares of QuinStreet to a “strong-buy” rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings lowered shares of QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, QuinStreet has a consensus rating of “Hold” and an average price target of $20.50.

QuinStreet Stock Up 0.4%

The firm has a market capitalization of $970.74 million, a PE ratio of 14.89 and a beta of 0.67. The company has a fifty day moving average price of $13.05 and a 200-day moving average price of $12.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 1.18.

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

Insider Transactions at QuinStreet

In other QuinStreet news, CFO Gregory Wong sold 10,338 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $15.00, for a total value of $155,070.00. Following the transaction, the chief financial officer directly owned 390,344 shares in the company, valued at $5,855,160. This represents a 2.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QuinStreet

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in shares of QuinStreet by 54.4% during the first quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,066 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of QuinStreet by 17.0% during the 2nd quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock valued at $65,000 after buying an additional 649 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings 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 acquiring 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 in the last quarter. Finally, FJ Capital Management LLC purchased a new stake in shares of QuinStreet during the 3rd quarter worth about $135,000. Institutional investors own 97.83% of the company’s stock.

QuinStreet Company Profile

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.