Brokerages Set $11.25 Price Target for QuinStreet Inc (QNST)

QuinStreet Inc (NASDAQ:QNST) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus price objective of $11.25 for the company and are expecting that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also assigned QuinStreet an industry rank of 93 out of 265 based on the ratings given to its competitors.

A number of research firms recently weighed in on QNST. Stephens reissued a “buy” rating and issued a $11.50 target price on shares of QuinStreet in a research note on Thursday, February 1st. Barrington Research began coverage on shares of QuinStreet in a research note on Tuesday, November 28th. They issued an “outperform” rating and a $12.50 target price on the stock. Finally, Zacks Investment Research raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Friday.

QuinStreet (NASDAQ:QNST) traded up $0.46 during trading hours on Thursday, hitting $12.13. 811,200 shares of the stock traded hands, compared to its average volume of 606,354. QuinStreet has a one year low of $3.04 and a one year high of $13.25. The company has a market cap of $539.55, a P/E ratio of 77.80, a price-to-earnings-growth ratio of 2.59 and a beta of 1.36.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. QuinStreet had a net margin of 0.78% and a return on equity of 5.77%. The company had revenue of $87.49 million for the quarter, compared to the consensus estimate of $75.18 million. During the same quarter in the previous year, the firm posted ($0.04) EPS. The business’s revenue was up 33.3% compared to the same quarter last year. research analysts forecast that QuinStreet will post 0.18 earnings per share for the current fiscal year.

In related news, Director James R. Simons sold 229,627 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $9.00, for a total value of $2,066,643.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John G. Mcdonald sold 14,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $10.37, for a total transaction of $145,180.00. Following the completion of the sale, the director now directly owns 67,671 shares in the company, valued at approximately $701,748.27. The disclosure for this sale can be found here. In the last three months, insiders sold 475,650 shares of company stock worth $4,214,765. 24.10% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. acquired a new position in QuinStreet in the fourth quarter valued at about $1,028,000. Bogle Investment Management L P DE acquired a new position in QuinStreet in the fourth quarter valued at about $1,453,000. Geode Capital Management LLC boosted its position in QuinStreet by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 313,652 shares of the technology company’s stock valued at $2,627,000 after buying an additional 6,779 shares in the last quarter. EAM Investors LLC acquired a new position in QuinStreet in the fourth quarter valued at about $1,881,000. Finally, Spark Investment Management LLC boosted its position in QuinStreet by 50.4% in the fourth quarter. Spark Investment Management LLC now owns 143,300 shares of the technology company’s stock valued at $1,200,000 after buying an additional 48,000 shares in the last quarter. Hedge funds and other institutional investors own 63.72% of the company’s stock.

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About QuinStreet

QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.

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