QuinStreet (NASDAQ:QNST) Reports Quarterly Earnings

QuinStreet (NASDAQ:QNST) announced its earnings results on Thursday. The technology company reported a loss of ($0.03) earnings per share (EPS) for the quarter, which fell short of analysts' expectations that estimated a profit of $0.18 by a notable margin of ($0.21). In addition, QuinStreet recorded a negative net margin of 2.88% and a negative return on equity of 8.79%, indicating some financial challenges for the company.

QuinStreet Stock Performance

During midday trading on Thursday, QuinStreet’s stock saw an increase of $0.17, reaching a price of $25.17. A total of 692,730 shares were traded, outpacing the average volume of 447,345. The stock has a 50-day moving average price of $22.67 and a 200-day moving average of $20.55. With a market capitalization of approximately $1.42 billion, QuinStreet’s price-to-earnings (P/E) ratio stands at -62.93, with a beta of 1.06. Over the past year, the stock has experienced a low of $12.59 and a high of $26.27, making it a potentially interesting option for investors.

Insider Trading Activity

In related news, on November 29, Director Stuart Huizinga sold 2,980 shares of QuinStreet stock at an average price of $23.00, amounting to a total of $68,540. Following this sale, Huizinga now holds 171,923 shares of the company, valued at approximately $3,954,229. This transaction represents a 1.70% decrease in his holdings. Additionally, Director Matthew Glickman sold 30,000 shares on November 12 for an average price of $22.63, totaling $678,900. After this transaction, Glickman possesses 113,140 shares valued at around $2,560,358.20, marking a 20.96% reduction in his ownership. In total, insiders have sold 40,000 shares worth $910,374 over the last ninety days, and insiders collectively own 5.00% of company stocks.

Analyst Perspectives

Several equity analysts have recently commented on QuinStreet’s stock. Stephens increased their price target from $23.00 to $27.00 while giving the stock an “overweight” rating in a note on November 5. Barrington Research reaffirmed an “outperform” rating, with a target price of $29.00 as of December 6. Additionally, Craig Hallum raised their target from $25.00 to $32.00 with a “buy” rating. Similarly, B. Riley adjusted their price objective from $24.00 to $32.00, labeling the company a “buy.” Lake Street Capital also increased its target from $20.00 to $25.00, classifying the stock as a “hold.” Currently, one research analyst has issued a sell rating, one rates it a hold, and four analysts have assigned a buy rating, with an average price target of $29.00 according to MarketBeat.

About QuinStreet

QuinStreet, Inc. is a performance marketing company that focuses on customer acquisition. It offers services that include generating qualified clicks, leads, calls, applications, and customers through a variety of online platforms both in the United States and internationally.

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