QuinStreet (NASDAQ:QNST) Receives Outperform Rating from William Blair

QuinStreet (NASDAQ:QNSTGet Rating)‘s stock had its “outperform” rating reaffirmed by analysts at William Blair in a research note issued to investors on Thursday, Zacks.com reports.

QNST has been the subject of several other research reports. Zacks Investment Research upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th. Barrington Research decreased their target price on shares of QuinStreet from $25.00 to $14.00 in a research note on Thursday, February 10th. Lake Street Capital reiterated a “hold” rating and set a $13.00 target price (down previously from $27.00) on shares of QuinStreet in a research note on Wednesday, February 9th. Finally, StockNews.com assumed coverage on shares of QuinStreet in a research note on Thursday, March 31st. They set a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.67.

NASDAQ QNST opened at $10.20 on Thursday. QuinStreet has a 1 year low of $10.09 and a 1 year high of $21.25. The company has a market capitalization of $556.44 million, a PE ratio of 85.00 and a beta of 0.95. The company has a fifty day moving average of $11.43 and a two-hundred day moving average of $14.70.

QuinStreet (NASDAQ:QNSTGet Rating) last released its quarterly earnings data on Tuesday, February 8th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). QuinStreet had a net margin of 1.07% and a return on equity of 2.12%. The company had revenue of $125.33 million during the quarter, compared to analyst estimates of $133.17 million. During the same quarter in the prior year, the company earned $0.01 EPS. The business’s revenue was down 7.1% on a year-over-year basis. As a group, sell-side analysts anticipate that QuinStreet will post 0.03 earnings per share for the current year.

In related news, CFO Gregory Wong sold 9,101 shares of the stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $11.02, for a total transaction of $100,293.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CAPROCK Group Inc. purchased a new position in QuinStreet during the fourth quarter worth about $409,000. BNP Paribas Arbitrage SA raised its holdings in QuinStreet by 177.4% during the third quarter. BNP Paribas Arbitrage SA now owns 48,519 shares of the technology company’s stock worth $852,000 after purchasing an additional 31,028 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in QuinStreet by 1.5% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 709,731 shares of the technology company’s stock worth $12,463,000 after purchasing an additional 10,819 shares in the last quarter. Martingale Asset Management L P purchased a new position in QuinStreet during the third quarter worth about $825,000. Finally, Private Capital Management LLC raised its holdings in QuinStreet by 0.3% during the third quarter. Private Capital Management LLC now owns 2,678,024 shares of the technology company’s stock worth $47,026,000 after purchasing an additional 8,019 shares in the last quarter. 91.89% of the stock is owned by hedge funds and other institutional investors.

About QuinStreet (Get Rating)

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services to its clients in the form of qualified clicks, leads, calls, applications, or customers through its websites or third-party publishers.

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