QuinStreet (NASDAQ:QNST) Sets New 52-Week Low – Here’s What Happened

by · The Cerbat Gem

QuinStreet, Inc. (NASDAQ:QNST – Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $10.61 and last traded at $10.7230, with a volume of 367120 shares. The stock had previously closed at $11.74.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. B. Riley Financial lifted their price target on QuinStreet from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Lake Street Capital set a $15.00 target price on shares of QuinStreet in a research note on Friday, February 6th. Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Barrington Research reissued an “outperform” rating and issued a $24.00 price target on shares of QuinStreet in a report on Friday, February 6th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Check Out Our Latest Analysis on QNST

QuinStreet Trading Up 6.5%

The stock has a fifty day moving average of $13.96 and a two-hundred day moving average of $14.70. The company has a market capitalization of $641.14 million, a PE ratio of 10.32 and a beta of 0.70.

QuinStreet (NASDAQ:QNST – Get Free Report) last issued its earnings results on Thursday, February 5th. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. The business had revenue of $287.85 million during the quarter, compared to analyst estimates of $275.07 million. QuinStreet had a return on equity of 9.55% and a net margin of 5.64%.QuinStreet’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Equities analysts forecast that QuinStreet, Inc. will post 0.12 EPS for the current year.

Institutional Trading of QuinStreet

Institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its holdings in QuinStreet by 58.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 708,367 shares of the technology company’s stock valued at $11,405,000 after acquiring an additional 261,802 shares during the period. Y Intercept Hong Kong Ltd lifted its position in QuinStreet by 113.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 137,123 shares of the technology company’s stock valued at $2,121,000 after purchasing an additional 73,021 shares during the last quarter. Nordea Investment Management AB bought a new stake in QuinStreet in the second quarter valued at approximately $3,439,000. Russell Investments Group Ltd. boosted its stake in shares of QuinStreet by 35.3% during the second quarter. Russell Investments Group Ltd. now owns 247,885 shares of the technology company’s stock valued at $3,991,000 after purchasing an additional 64,707 shares during the period. Finally, AlphaQuest LLC boosted its stake in shares of QuinStreet by 253.0% during the third quarter. AlphaQuest LLC now owns 103,890 shares of the technology company’s stock valued at $1,607,000 after purchasing an additional 74,460 shares during the period. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

About QuinStreet

(Get Free Report)

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.

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