On Jan. 04, Valenti Douglas divested U.S. $1,251,582 in shares of QuinStreet Inc.. The CEO sold 57,483 shares at a price per share of $21.77. The transaction decreased this specific insider’s holdings to 3,450,833 shares worth around $75.95 million at present.
Barrington Research took its QuinStreet Inc. [QNST] rating to the equivalent of an Outperform from a Mkt perform, and the price target to $17, in a research note dated September 03, 2020. That figure represents around a -29.47% premium from where the company’s shares closed on Wednesday. Other analysts also revised their coverage, with Barrington Research’s analysts upgrading the shares from “a Mkt perform” rating to “an Outperform” rating in a research note to investors issued in early September. Meanwhile, Barrington Research had lowered its rating on QNST to “Mkt perform” from the earlier “an Outperform”, in a research note produced for clients April 16, 2020. In addition, there was no change from Barrington Research on February 07, 2020. The rater maintained QNST to “an Outperform” but assigned new target price of $18.
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Is QuinStreet Inc. [NASDAQ:QNST] a Good Buy Right Now?
It should be noted that QNST technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from QuinStreet Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 0.3 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.28 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.3 million shares.
QNST Price Performance
On Wall Street, QuinStreet Inc. [NASDAQ:QNST] finished Wednesday’s session up 1.20% at $22.01. The stock went up to $22.21 at the same session while its lowest single day price was $21.49. In the last five days, it saw a rise of about 2.32%, QuinStreet Inc. shares gained by almost 2.66% since the beginning of the year. However, the share price has dropped to as low as -3.04% below its one year high. On 01/06/21, the company shares recorded $22.21, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $20.93. The company’s shares have inclined by 46.64% in the past year. The 50-day SMA achieved is $18.95 while the 200-day SMA is $13.58. Volume gained to 0.38 million from 0.32 million in the previous session.
QuinStreet Inc. [QNST] Valuation Measures
Notably, QuinStreet Inc. [QNST] stock cannot be classified as a good candidate in the listing of underestimated low-priced Advertising Agencies companies to purchase soonest possible with the prevailing 12-month PE ratio of 37.43. The measure means the stock is exchanging at a premium as compared to the 22.22x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 2.33 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.36 which means QNST serve an unattractive investment opportunity compared to its competitors.
QNST Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 21.60 level, and in case of violation of this particular level, it will cause more drop to 21.18 level. On the upper level, 22.62 is still the key resistance. The stock may increase to the subsequent resistance at 22.32. The Relative Strength Index (RSI) pinned on the 14-day chart is 66.07, implying a neutral technical stance while the MACD stands at 0.01, meaning price will decrease in the next trading period. Percent R indicator moved to 29.61%, implying bullish price movement. Stochastic %K at 56.65% suggest holding the stock.
What is the short interest in QuinStreet Inc.?
Short interest in the QuinStreet Inc. stock has surged, increasing by 90000.0 shares to total 1.03 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.12 million, data from Yahoo Finance shows. The decrease of -8.74% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 2.51% of the overall float for the stock.
QuinStreet Inc.’s Biggest Shareholders: Who Owns QuinStreet Inc. [QNST]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 6,735,079 shares or roughly 12.73% of the outstanding QNST shares. This means their shares have increased by 130,723 from the 6,735,079 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, William Blair Investment Manageme updated stake is worth $59,458,987. Details in the latest 13F filings reveal that The Vanguard Group, Inc. disposed off their -0.35% stake valued at $52,643,071 while Private Capital Management LLC cut theirs at $52,336,066. During the last quarter, The Vanguard Group, Inc. liquidated -10,480 of its shares in QuinStreet Inc. while Private Capital Management LLC sold -256,275 shares. The Rubric Capital Management LP’s holdings currently number 2,816,604 shares at $61993454.04. According to the firm’s last 13F report, Thrivent Asset Management LLC shares in the company at filing stood at 2,454,961 shares, roughly $43,808,779.
QNST Earnings Forecast For The Current Quarter
QuinStreet Inc. [QNST] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $123.05M and an earnings per share of $0.09 for Dec 2020. Looking further ahead, the company is expected to report revenue of $137.99M at an EPS of $0.14 for Mar 2021. The estimates represent 6.80% and 20.46% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
QNST Earnings Estimates For The Current Year
For the financial year, QuinStreet Inc. [NASDAQ:QNST] is expected to bring in revenue of $537.23M. The returns are nearly $46.89 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 0.56, higher than that of FY20 by $0.06. Estimates put this year’s earnings growth at 12.00%, 21.40% for the next, and at an annual 25.00% over the next 5-year period. As for sales, forecasts are for an increase of 9.60% in the current fiscal year and a further 6.80% over the following year.
What are analyst thoughts on QuinStreet Inc.?
Looking forward to the QuinStreet Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for QuinStreet Inc. stock at $22.00 within the next 12 months, which represents almost -0.05 per cent growth from its previous closing price of $22.01. The highest analysts’ target for QuinStreet Inc. stock projections is $27.00 and the lowest one is $20.00. Still, 6 analysts sharing their consensus rating for QNST stock in 2021 agree that it is a Buy.