QuinStreet Reports Earnings Results for the Quarter

QuinStreet (NASDAQ:QNST) announced its earnings results on Thursday, revealing a loss of ($0.03) per share for the recent quarter. This figure fell short of analysts' average predictions of $0.18 by a margin of ($0.21), as reported by Zacks. The company's financials showed a negative net margin of 2.88% and a return on equity of -8.79%, indicating challenges in profitability.

QuinStreet Stock Performance

During midday trading on Thursday, QuinStreet's stock saw an increase of $0.17, reaching a price of $25.17. The trading volume was 692,730 shares, significantly higher than its typical volume of 447,345 shares. The firm currently has a market capitalization of $1.42 billion and a price-to-earnings ratio of -62.93. Over the past year, the stock has fluctuated with a low of $12.59 and a high of $26.27, while its 50-day moving average stands at $22.67.

Insider Trading Activity

In recent insider trading news, Director Stuart Huizinga sold 2,980 shares on November 29 at an average price of $23.00, totaling $68,540. After this sale, Huizinga holds 171,923 shares valued at approximately $3.95 million. This transaction represented a 1.70% decrease in his holdings. Additionally, Director Matthew Glickman sold 30,000 shares on November 12, averaging $22.63 per share for a total of $678,900, resulting in a new ownership of 113,140 shares valued at $2.56 million. In total, insiders have sold 40,000 shares worth over $910,000 in the last ninety days, and insiders generally own 5.00% of the company’s stock.

Analyst Forecasts for QuinStreet

Analysts have provided varied opinions on QuinStreet's future. Stephens raised their price target from $23.00 to $27.00 while maintaining an "overweight" rating. Barrington Research also reiterated an "outperform" rating with a target price of $29.00. Meanwhile, Craig Hallum and B. Riley increased their price targets to $32.00, rating the stock as a "buy." Lake Street Capital revised its target from $20.00 to $25.00, recommending a "hold" rating. Among the eight analysts covering QuinStreet, one rates it as a sell, one as hold, and four as buy, leading to an overall consensus rating of "Moderate Buy" with a target price of $29.00.

About QuinStreet

Founded as an online performance marketing company, QuinStreet specializes in providing customer acquisition services. The company operates both in the United States and internationally, delivering marketing services that convert into qualified clicks, leads, calls, applications, and customers through its websites and third-party publishers.

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