Research Analysts’ Recent Ratings Updates for QuinStreet (QNST)

QuinStreet (NASDAQ: QNST) has recently received a number of price target changes and ratings updates:

  • 1/15/2020 – QuinStreet was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $16.00 price target on the stock. According to Zacks, “QuinStreet Inc, is a provider of online direct marketing and media services. The Company offers online messaging, email broadcasting, search engine marketing, and brand management services. It caters to education, financial services, healthcare, advertising, and tourism sectors. QuinStreet, Inc. also operates web portal which offers comprehensive consumer information service and companion insurance brokerage service to self-directed insurance shoppers. The Company vigilantly manages brand and regulatory compliance using proprietary technologies and staff. It does not support or use spyware, spam, or promotions that cheat customers. QuinStreet Inc. is headquartered in Foster City, California. “
  • 1/11/2020 – QuinStreet was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/8/2020 – QuinStreet was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “QuinStreet Inc, is a provider of online direct marketing and media services. The Company offers online messaging, email broadcasting, search engine marketing, and brand management services. It caters to education, financial services, healthcare, advertising, and tourism sectors. QuinStreet, Inc. also operates web portal which offers comprehensive consumer information service and companion insurance brokerage service to self-directed insurance shoppers. The Company vigilantly manages brand and regulatory compliance using proprietary technologies and staff. It does not support or use spyware, spam, or promotions that cheat customers. QuinStreet Inc. is headquartered in Foster City, California. “
  • 1/3/2020 – QuinStreet was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 1/1/2020 – QuinStreet was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/21/2019 – QuinStreet was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 12/13/2019 – QuinStreet was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 12/3/2019 – QuinStreet was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

NASDAQ QNST traded up $0.04 during trading on Thursday, reaching $14.65. The company’s stock had a trading volume of 4,756 shares, compared to its average volume of 332,225. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market cap of $743.79 million, a price-to-earnings ratio of 12.42, a P/E/G ratio of 1.66 and a beta of 0.81. QuinStreet Inc has a twelve month low of $10.15 and a twelve month high of $20.02. The business’s fifty day moving average price is $15.37 and its 200-day moving average price is $14.07.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Thursday, November 7th. The technology company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.05). The firm had revenue of $126.61 million during the quarter, compared to analysts’ expectations of $121.65 million. QuinStreet had a net margin of 12.44% and a return on equity of 4.07%. As a group, sell-side analysts forecast that QuinStreet Inc will post 0.35 EPS for the current fiscal year.

In related news, CEO Douglas Valenti sold 21,166 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $15.60, for a total transaction of $330,189.60. Following the completion of the transaction, the chief executive officer now owns 327,250 shares of the company’s stock, valued at $5,105,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gregory Wong sold 34,534 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $15.27, for a total transaction of $527,334.18. Following the transaction, the chief financial officer now directly owns 255,641 shares of the company’s stock, valued at approximately $3,903,638.07. The disclosure for this sale can be found here. Insiders sold 240,747 shares of company stock worth $3,717,785 in the last ninety days. Insiders own 11.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of QNST. Charles Schwab Investment Management Inc. increased its position in shares of QuinStreet by 3.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 104,808 shares of the technology company’s stock worth $1,662,000 after acquiring an additional 3,507 shares in the last quarter. LPL Financial LLC increased its holdings in shares of QuinStreet by 63.1% in the 2nd quarter. LPL Financial LLC now owns 35,093 shares of the technology company’s stock worth $556,000 after acquiring an additional 13,576 shares during the period. Northern Trust Corp increased its holdings in shares of QuinStreet by 4.2% in the 2nd quarter. Northern Trust Corp now owns 574,332 shares of the technology company’s stock worth $9,103,000 after acquiring an additional 23,126 shares during the period. Parametric Portfolio Associates LLC increased its holdings in shares of QuinStreet by 14.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 140,547 shares of the technology company’s stock worth $2,228,000 after acquiring an additional 17,392 shares during the period. Finally, Pinebridge Investments L.P. acquired a new stake in shares of QuinStreet in the 2nd quarter worth about $29,000. 96.72% of the stock is owned by hedge funds and other institutional investors.

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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