QuinStreet (QNST) Earns Outperform Rating from Analysts at Northland Securities

Northland Securities began coverage on shares of QuinStreet (NASDAQ:QNST) in a research note released on Thursday, MarketBeat Ratings reports. The firm issued an outperform rating and a $20.00 target price on the technology company’s stock.

QNST has been the subject of a number of other research reports. Zacks Investment Research upgraded QuinStreet from a hold rating to a strong-buy rating and set a $14.00 price target for the company in a report on Saturday, May 5th. Barrington Research restated a buy rating and issued a $15.00 price target on shares of QuinStreet in a report on Wednesday, April 25th. ValuEngine upgraded QuinStreet from a hold rating to a buy rating in a report on Monday, April 2nd. BidaskClub cut QuinStreet from a strong-buy rating to a buy rating in a report on Saturday, June 16th. Finally, TheStreet cut QuinStreet from a b rating to a c+ rating in a report on Tuesday, May 1st. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $15.13.

NASDAQ QNST opened at $13.73 on Thursday. The company has a market capitalization of $636.78 million, a price-to-earnings ratio of -228.83, a P/E/G ratio of 1.86 and a beta of 0.93. QuinStreet has a fifty-two week low of $3.36 and a fifty-two week high of $14.65.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Wednesday, April 25th. The technology company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.11. The firm had revenue of $117.93 million during the quarter, compared to analysts’ expectations of $107.76 million. QuinStreet had a return on equity of 10.19% and a net margin of 2.44%. QuinStreet’s quarterly revenue was up 48.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 EPS. equities analysts forecast that QuinStreet will post 0.29 earnings per share for the current year.

In other QuinStreet news, CFO Gregory Wong sold 9,811 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $12.33, for a total value of $120,969.63. Following the transaction, the chief financial officer now directly owns 223,946 shares of the company’s stock, valued at approximately $2,761,254.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James R. Simons sold 229,718 shares of the company’s stock in a transaction that occurred on Tuesday, April 17th. The shares were sold at an average price of $10.94, for a total value of $2,513,114.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 932,112 shares of company stock worth $11,713,280. 24.10% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Spark Investment Management LLC raised its position in shares of QuinStreet by 50.4% in the 4th quarter. Spark Investment Management LLC now owns 143,300 shares of the technology company’s stock valued at $1,200,000 after purchasing an additional 48,000 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of QuinStreet during the 4th quarter valued at approximately $2,217,000. American Century Companies Inc. acquired a new stake in shares of QuinStreet during the 4th quarter valued at approximately $1,421,000. Macquarie Group Ltd. raised its position in shares of QuinStreet by 46.4% during the 4th quarter. Macquarie Group Ltd. now owns 97,550 shares of the technology company’s stock valued at $817,000 after acquiring an additional 30,900 shares in the last quarter. Finally, EAM Investors LLC acquired a new stake in shares of QuinStreet during the 4th quarter valued at approximately $1,881,000. 74.99% of the stock is currently owned by institutional investors.

QuinStreet Company Profile

QuinStreet, Inc, an Internet performance marketing and media 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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