QuinStreet (NASDAQ:QNST) Announces Earnings Results

QuinStreet (NASDAQ:QNST) recently revealed its quarterly earnings on Thursday, reporting a loss of ($0.03) earnings per share (EPS). This figure fell short of analysts' expectations, which had anticipated earnings of $0.18 per share. According to Zacks, the company also reported a negative net margin of 2.88% and a negative return on equity of 8.79% for the quarter.

QuinStreet Stock Performance

During midday trading on Thursday, QuinStreet's stock rose by $0.17 to reach $25.17. A total of 692,730 shares changed hands, surpassing the average trading volume of 447,345 shares. The company's market capitalization stands at $1.42 billion, with a price-to-earnings (P/E) ratio of -62.93 and a beta of 1.06. Over the past year, the stock has seen a low of $12.59 and a high of $26.27.

Insider Transactions

In recent insider trading activity, Director Stuart Huizinga sold 2,980 shares on November 29 at an average price of $23.00, amounting to a total of $68,540. Following this transaction, he now holds 171,923 shares worth about $3,954,229. This represents a 1.70% decrease in his position. Additionally, Director Matthew Glickman sold 30,000 shares on November 12 at an average price of $22.63 for a total of $678,900. Post-sale, he has 113,140 shares valued at approximately $2,560,358.20, marking a 20.96% decrease in his holdings. In total, insiders have sold 40,000 shares benefiting from about $910,374 in the last ninety days, with corporate insiders holding 5.00% of the company's shares.

Analysts' Outlook

Multiple analysts have recently provided their insights on QuinStreet's future performance. Stephens raised their price target for QuinStreet from $23.00 to $27.00 while rating it as "overweight" in a report on November 5. Barrington Research maintained an "outperform" rating, giving the stock a target price of $29.00 on December 6. Craig Hallum increased their price target from $25.00 to $32.00, rating it as a "buy." B. Riley also raised their price objective from $24.00 to $32.00 while assigning a "buy" rating. Lastly, Lake Street Capital set their price target from $20.00 to $25.00, classifying it as a "hold." Overall, one analyst has issued a sell recommendation, one has given a hold rating, while four analysts recommend a buy, leading to a current consensus rating of "Moderate Buy" and an average price target of $29.00.

About QuinStreet

QuinStreet, Inc. is a performance marketing company that specializes in customer acquisition both in the United States and internationally. The company offers various online marketing services, including generating qualified leads, clicks, calls, applications, and customer engagements through its own websites or third-party platforms.

Earnings, Stocks, Analysts