QuinStreet, Inc. (QNST) Given $9.25 Consensus Target Price by Analysts

Shares of QuinStreet, Inc. (NASDAQ:QNST) have received an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus target price of $9.25 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned QuinStreet an industry rank of 237 out of 265 based on the ratings given to its competitors.

Separately, Barrington Research assumed coverage on shares of QuinStreet in a report on Tuesday, November 28th. They issued an “outperform” rating and a $12.50 price objective for the company.

In other news, Director James R. Simons sold 229,716 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $8.63, for a total value of $1,982,449.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John G. Mcdonald sold 14,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $701,748.27. The disclosure for this sale can be found here. In the last three months, insiders sold 245,178 shares of company stock valued at $2,140,348. Corporate insiders own 24.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in QuinStreet by 22.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,623,130 shares of the technology company’s stock worth $6,768,000 after buying an additional 296,222 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of QuinStreet by 9.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 932,647 shares of the technology company’s stock valued at $6,855,000 after purchasing an additional 84,301 shares in the last quarter. State Street Corp raised its holdings in shares of QuinStreet by 4.5% in the 2nd quarter. State Street Corp now owns 764,300 shares of the technology company’s stock valued at $3,184,000 after purchasing an additional 32,730 shares in the last quarter. Northern Trust Corp raised its holdings in shares of QuinStreet by 10.6% in the 2nd quarter. Northern Trust Corp now owns 424,285 shares of the technology company’s stock valued at $1,769,000 after purchasing an additional 40,747 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of QuinStreet by 4.0% in the 1st quarter. Geode Capital Management LLC now owns 284,704 shares of the technology company’s stock valued at $1,110,000 after purchasing an additional 10,913 shares in the last quarter. 63.70% of the stock is owned by institutional investors and hedge funds.

QuinStreet (NASDAQ:QNST) traded up $0.09 on Friday, hitting $8.76. 567,900 shares of the company traded hands, compared to its average volume of 173,078. The firm has a market cap of $396.34, a P/E ratio of 289.00, a PEG ratio of 2.63 and a beta of 1.11. QuinStreet has a 52-week low of $2.96 and a 52-week high of $10.97.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Monday, October 30th. The technology company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. The company had revenue of $87.40 million during the quarter, compared to the consensus estimate of $79.90 million. QuinStreet had a negative net margin of 2.29% and a positive return on equity of 1.06%. QuinStreet’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. analysts predict that QuinStreet will post 0.11 earnings per share for the current year.

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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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