ValuEngine upgraded shares of QuinStreet (NASDAQ:QNST) from a hold rating to a buy rating in a report issued on Monday, February 4th.
A number of other research firms also recently issued reports on QNST. BidaskClub upgraded shares of QuinStreet from a buy rating to a strong-buy rating in a research report on Saturday, November 3rd. Craig Hallum reiterated a buy rating on shares of QuinStreet in a research report on Wednesday, October 31st. Finally, Zacks Investment Research upgraded QuinStreet from a hold rating to a buy rating and set a $19.00 price objective for the company in a research report on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. QuinStreet has a consensus rating of Buy and an average price target of $17.79.
QNST stock opened at $13.60 on Monday. QuinStreet has a 12-month low of $9.76 and a 12-month high of $20.02. The company has a market cap of $677.42 million, a PE ratio of 42.50, a P/E/G ratio of 1.16 and a beta of 0.73.
QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Thursday, February 7th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. QuinStreet had a net margin of 15.83% and a return on equity of 13.16%. The company had revenue of $104.10 million during the quarter, compared to the consensus estimate of $103.43 million. During the same period last year, the firm earned $0.07 EPS. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. Sell-side analysts anticipate that QuinStreet will post 0.48 earnings per share for the current year.
In related news, CEO Douglas Valenti sold 32,500 shares of QuinStreet stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $16.15, for a total transaction of $524,875.00. Following the completion of the transaction, the chief executive officer now directly owns 268,751 shares in the company, valued at approximately $4,340,328.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory P. Sands sold 61,697 shares of QuinStreet stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $15.95, for a total value of $984,067.15. Following the transaction, the director now owns 356,252 shares of the company’s stock, valued at $5,682,219.40. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. BB&T Corp acquired a new position in QuinStreet in the 4th quarter valued at $259,000. Vanguard Group Inc raised its holdings in QuinStreet by 7.5% in the 3rd quarter. Vanguard Group Inc now owns 2,255,880 shares of the technology company’s stock valued at $30,612,000 after acquiring an additional 158,003 shares during the last quarter. First Hawaiian Bank acquired a new position in QuinStreet in the 4th quarter valued at $502,000. Dynamic Technology Lab Private Ltd raised its holdings in QuinStreet by 149.0% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 40,743 shares of the technology company’s stock valued at $553,000 after acquiring an additional 24,380 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in QuinStreet by 46.8% in the 3rd quarter. Wells Fargo & Company MN now owns 187,646 shares of the technology company’s stock valued at $2,547,000 after acquiring an additional 59,821 shares during the last quarter. Institutional investors own 84.44% of the company’s stock.
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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