QuinStreet (NASDAQ:QNST) Earns Buy Rating from Northland Securities

Northland Securities reissued their buy rating on shares of QuinStreet (NASDAQ:QNST) in a research note published on Monday, AnalystRatings.com reports. Northland Securities currently has a $18.00 target price on the technology company’s stock.

“We maintain our Outperform rating despite reducing our price target from $20 to $18 as we have reduced our estimates.”,” the firm’s analyst wrote.

Several other equities analysts have also commented on the stock. BidaskClub raised shares of QuinStreet from a hold rating to a buy rating in a research report on Wednesday, July 24th. Barrington Research reaffirmed a buy rating and issued a $20.00 price objective on shares of QuinStreet in a research report on Thursday, May 16th. Zacks Investment Research lowered shares of QuinStreet from a hold rating to a strong sell rating in a research report on Wednesday, July 17th. Finally, Lake Street Capital assumed coverage on shares of QuinStreet in a research report on Monday, June 24th. They issued a buy rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. QuinStreet currently has a consensus rating of Buy and a consensus price target of $18.60.

Shares of QuinStreet stock opened at $10.54 on Monday. The firm has a market capitalization of $539.64 million, a P/E ratio of 8.93, a PEG ratio of 0.76 and a beta of 0.61. The company has a 50 day moving average price of $15.35 and a 200 day moving average price of $14.85. QuinStreet has a 52 week low of $10.15 and a 52 week high of $20.02.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). The company had revenue of $121.96 million during the quarter, compared to analysts’ expectations of $128.92 million. QuinStreet had a net margin of 13.73% and a return on equity of 6.53%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share. As a group, analysts anticipate that QuinStreet will post 0.56 EPS for the current year.

In related news, Director Robin Josephs sold 25,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $16.04, for a total value of $401,000.00. Following the transaction, the director now owns 125,404 shares in the company, valued at approximately $2,011,480.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas Valenti sold 32,500 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $16.09, for a total transaction of $522,925.00. Following the completion of the transaction, the chief executive officer now owns 232,500 shares in the company, valued at approximately $3,740,925. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,000 shares of company stock worth $1,529,775. 12.50% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of QNST. Voce Capital Management LLC purchased a new position in QuinStreet in the 2nd quarter valued at $3,247,000. Nuveen Asset Management LLC lifted its holdings in QuinStreet by 1,273.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 228,597 shares of the technology company’s stock valued at $3,623,000 after purchasing an additional 211,950 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in QuinStreet by 44.3% in the 2nd quarter. Victory Capital Management Inc. now owns 2,257,664 shares of the technology company’s stock valued at $35,784,000 after purchasing an additional 693,104 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in QuinStreet by 100.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 38,474 shares of the technology company’s stock valued at $610,000 after purchasing an additional 19,245 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in QuinStreet by 712.0% in the 2nd quarter. Morgan Stanley now owns 169,041 shares of the technology company’s stock valued at $2,680,000 after purchasing an additional 148,222 shares in the last quarter. Institutional investors own 95.38% of the company’s stock.

QuinStreet Company Profile

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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Analyst Recommendations for QuinStreet (NASDAQ:QNST)

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