According to a recent report by Bloomberg Ratings, QuinStreet, Inc. (NASDAQ:QNST) has received an average recommendation of “Hold” from the five brokerages that cover the company. Out of those five, four research analysts have given the stock a hold rating, while one has issued a buy rating on the company. The average twelve-month price objective among these brokers is $15.40.
On Friday, QuinStreet stock opened at $8.85. The company’s 52-week low stands at $6.79, while its 52-week high is $18.18. With a market capitalization of $484.36 million and a beta of 0.95, QuinStreet holds a price-to-earnings ratio of -6.97.
For the past 50 days, the stock has had a moving average of $9.36, while its two-hundred day moving average was recorded at $10.52.
Several large investors have recently bought and sold shares of QuinStreet. Quarry LP purchased shares worth approximately $62,000 during the second quarter as did State of Wyoming who increased their stake in the company by 62.2% during the fourth quarter to now own 7,193 shares worth around $103,000 after buying an additional 2,757 shares in that time period.
Bank of Montreal Can also acquired new shares during the second quarter with an estimated value of around $109,000 while Virtu Financial LLC purchased new stakes valued at approximately $112,000 in the same quarter. Finally, Hsbc Holdings PLC obtained new positions in QuinStreet during the first quarter for an estimated worth of $173,000 overall.
Hedge funds and other institutional investors currently own around 89.78% of QuinStreet’s stock.
QuinStreet released its quarterly earnings data on Wednesday, August 9th with earnings per share at ($1.03) for the quarter, falling short of analysts’ consensus estimates of ($0.15) by ($0.88). The company’s revenue for the same period was $130.31 million, slightly exceeding analyst estimates of $129.68 million. QuinStreet’s net margin stands at negative 11.86%, indicating a challenging financial situation for the company, while its return on equity is also negative at 25.57%.
Equities research analysts have estimated that QuinStreet will post earnings per share of -0.17 for the current fiscal year.
Overall, with three hold ratings and one buy rating from analysts along with a below-average six-month price target of $15.40, investors are advised to approach QuinStreet with caution until further developments indicate more favorable prospects for the company’s performance and stock price in the future.
Source: Bloomberg Ratings Report
[bs_slider_forecast ticker=”MAN”]
Assessing QuinStreet Inc.’s Stock Outlook and Insider Trading Activity: Insights for Investors
September 22, 2023
QuinStreet Inc. (NASDAQ: QNST) has been a subject of considerable analysis and coverage by research analysts in recent weeks. Various reports have shed light on the company’s stock outlook and performances, providing investors with valuable insights into its standing in the market.
One such report was initiated by StockNews.com on Thursday, August 17th. The research firm issued a “sell” rating on QuinStreet’s shares, implying a negative stance on the stock. This assessment likely stems from their extensive analysis of the company’s financials and overall prospects.
Shortly after, on Tuesday, August 29th, B. Riley also began its coverage of QuinStreet. In their research report, they assigned a “neutral” rating along with a target price of $10.00 per share. This suggests that B. Riley has adopted a more cautious approach towards assessing the growth potential of this technology-based marketing services company.
While these analyst reports provide investors with important information to consider when making investment decisions, it is essential to evaluate them in conjunction with other factors influencing the stock’s performance.
In addition to these evaluations, notable activity involving QuinStreet includes recent insider trading. On Friday, July 21st, CFO Gregory Wong sold 70,000 shares at an average price of $9.01 per share, resulting in a total transaction value of $630,700. Following this sale, Mr. Wong now holds approximately 256,884 shares directly and has an estimated stock value of around $2,314,524.84.
It is important to note that this transaction was disclosed in compliance with regulations set by the Securities & Exchange Commission (SEC). Interested parties can access further details through the hyperlink provided in the legal filing.
Furthermore, recent quarters have witnessed insiders actively investing in QuinStreet as well. Over the last quarter alone, insiders purchased 12,500 shares at an estimated value of $119,650. This insider buying activity is worth noting, as it demonstrates the confidence that individuals within the company have in its future growth prospects.
In conclusion, QuinStreet’s recent coverage by research analysts has shed light on various aspects of the company’s stock and performance. The “sell” rating from StockNews.com and “neutral” rating from B. Riley present divergent viewpoints, necessitating further analysis to form a comprehensive investment strategy.
Moreover, insider trading activity involving QuinStreet offers additional insight into market sentiment and confidence. CFO Gregory Wong’s significant sale of shares and subsequent holding of a substantial stake adds an intriguing layer to the analysis.
Investors seeking to make informed decisions should consider these research reports alongside other market developments before reaching any conclusions about QuinStreet’s financial performance and stock outlook.
Disclaimer: The information provided in this article does not constitute investment advice. It is for informational purposes only and should not be relied upon when making investment decisions. Always conduct thorough research and consult with a professional financial advisor before investing in any stocks or securities.
