QuinStreet (QNST) Given “Buy” Rating at Stephens

Stephens reaffirmed their buy rating on shares of QuinStreet (NASDAQ:QNST) in a research report report published on Tuesday, August 7th. Stephens currently has a $16.00 target price on the technology company’s stock.

A number of other brokerages have also weighed in on QNST. BidaskClub lowered shares of QuinStreet from a buy rating to a hold rating in a research report on Wednesday, April 18th. TheStreet upgraded shares of QuinStreet from a c+ rating to a b- rating in a research report on Monday, July 9th. Northland Securities started coverage on shares of QuinStreet in a research report on Thursday, June 21st. They set an outperform rating and a $20.00 target price for the company. Craig Hallum started coverage on shares of QuinStreet in a research report on Wednesday, June 27th. They set a buy rating and a $20.00 target price for the company. Finally, Singular Research started coverage on shares of QuinStreet in a report on Friday, July 6th. They issued a long rating and a $16.75 price target on the stock. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $17.29.

NASDAQ:QNST traded up $0.10 on Tuesday, reaching $15.17. 499,100 shares of the company’s stock were exchanged, compared to its average volume of 685,857. The firm has a market capitalization of $733.41 million, a PE ratio of 47.41, a P/E/G ratio of 1.15 and a beta of 0.98. QuinStreet has a 52 week low of $4.95 and a 52 week high of $16.42.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Tuesday, August 7th. The technology company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $111.50 million during the quarter, compared to analyst estimates of $100.62 million. QuinStreet had a net margin of 3.94% and a return on equity of 12.72%. The company’s quarterly revenue was up 36.8% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. sell-side analysts expect that QuinStreet will post 0.54 EPS for the current year.

In other news, Director Andrew T. Sheehan sold 21,034 shares of the stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $13.73, for a total value of $288,796.82. Following the sale, the director now directly owns 28,888 shares of the company’s stock, valued at $396,632.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James R. Simons sold 288,104 shares of the stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $13.24, for a total transaction of $3,814,496.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,900,209 shares of company stock worth $27,672,435. Insiders own 24.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in QuinStreet by 7.1% in the second quarter. BlackRock Inc. now owns 5,549,779 shares of the technology company’s stock valued at $70,481,000 after purchasing an additional 367,311 shares in the last quarter. Acadian Asset Management LLC raised its stake in QuinStreet by 62.3% in the second quarter. Acadian Asset Management LLC now owns 1,426,427 shares of the technology company’s stock valued at $18,116,000 after purchasing an additional 547,696 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in QuinStreet by 26.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,332,632 shares of the technology company’s stock valued at $16,925,000 after purchasing an additional 279,867 shares in the last quarter. Hood River Capital Management LLC purchased a new stake in QuinStreet in the first quarter valued at approximately $12,358,000. Finally, American Century Companies Inc. grew its position in QuinStreet by 30.3% during the second quarter. American Century Companies Inc. now owns 604,191 shares of the technology company’s stock valued at $7,673,000 after acquiring an additional 140,655 shares during the last quarter. 80.89% of the stock is currently owned by hedge funds and other 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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