In a report released today, Eric Martinuzzi from Lake Street reiterated a Hold rating on Quinstreet (QNST – Research Report), with a price target of $9.00. The company’s shares closed yesterday at $8.58.
Martinuzzi covers the Technology sector, focusing on stocks such as Genius Sports Limited, Brightcove, and DHI Group. According to TipRanks, Martinuzzi has an average return of 9.0% and a 51.53% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Quinstreet with a $9.00 average price target, implying a 4.90% upside from current levels. In a report released today, Craig-Hallum also maintained a Hold rating on the stock with a $9.00 price target.
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Based on Quinstreet’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $172.67 million and a GAAP net loss of $479 thousand. In comparison, last year the company earned a revenue of $150.66 million and had a net profit of $2.23 million
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of QNST in relation to earlier this year.
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QuinStreet, Inc. engages in the provision of media management services. It operates through the United States and International geographical segments. Its platform offers performance marketing products based from number of clicks, inquiries, calls, applications, and full customer acquisitions. The company was founded on April 16, 1999 and is headquartered in Foster City, CA.
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