Equities analysts expect that QuinStreet Inc (NASDAQ:QNST) will post $128.81 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for QuinStreet’s earnings. The highest sales estimate is $130.48 million and the lowest is $127.95 million. QuinStreet reported sales of $111.52 million during the same quarter last year, which indicates a positive year-over-year growth rate of 15.5%. The firm is expected to issue its next earnings report on Tuesday, August 6th.
According to Zacks, analysts expect that QuinStreet will report full year sales of $462.00 million for the current year, with estimates ranging from $461.14 million to $463.67 million. For the next fiscal year, analysts expect that the company will post sales of $521.57 million, with estimates ranging from $507.33 million to $536.81 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for QuinStreet.
QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Thursday, May 9th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.11). The company had revenue of $116.23 million during the quarter, compared to the consensus estimate of $119.63 million. QuinStreet had a net margin of 14.50% and a return on equity of 8.30%.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. Lake Street Capital assumed coverage on QuinStreet in a research note on Monday, June 24th. They issued a “buy” rating and a $21.00 price objective for the company. BidaskClub raised Xilinx from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Barrington Research reaffirmed a “buy” rating and issued a $20.00 price objective on shares of QuinStreet in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $19.00.
In other news, Director Andrew T. Sheehan sold 100,000 shares of QuinStreet stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $15.25, for a total value of $1,525,000.00. Following the transaction, the director now directly owns 36,621 shares in the company, valued at approximately $558,470.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robin Josephs sold 25,000 shares of QuinStreet stock in a transaction 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 completion of the transaction, the director now owns 125,404 shares in the company, valued at $2,011,480.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 195,000 shares of company stock valued at $3,054,775. 12.50% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in QuinStreet by 166.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,438 shares of the technology company’s stock worth $154,000 after purchasing an additional 5,890 shares in the last quarter. New York State Common Retirement Fund raised its stake in QuinStreet by 6.6% in the fourth quarter. New York State Common Retirement Fund now owns 57,587 shares of the technology company’s stock valued at $935,000 after buying an additional 3,561 shares in the last quarter. BlackRock Inc. raised its stake in QuinStreet by 13.6% in the fourth quarter. BlackRock Inc. now owns 6,438,631 shares of the technology company’s stock valued at $104,499,000 after buying an additional 770,269 shares in the last quarter. Bank of New York Mellon Corp raised its stake in QuinStreet by 48.1% in the fourth quarter. Bank of New York Mellon Corp now owns 714,915 shares of the technology company’s stock valued at $11,602,000 after buying an additional 232,186 shares in the last quarter. Finally, Texas Permanent School Fund raised its stake in QuinStreet by 8.8% in the fourth quarter. Texas Permanent School Fund now owns 25,159 shares of the technology company’s stock valued at $408,000 after buying an additional 2,027 shares in the last quarter. Institutional investors and hedge funds own 95.95% of the company’s stock.
Shares of NASDAQ:QNST traded up $0.06 during trading on Friday, hitting $16.31. The company had a trading volume of 471,664 shares, compared to its average volume of 699,590. The company has a market cap of $814.94 million, a PE ratio of 50.97, a price-to-earnings-growth ratio of 1.02 and a beta of 0.64. QuinStreet has a one year low of $12.12 and a one year high of $20.02. The stock has a fifty day moving average price of $16.01.
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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