Zacks Investment Research analysts recently downgraded the rating of QuinStreet to “Hold” from an earlier “Buy” rating in a report issued by the firm on Thursday, March 4th.
Zacks’ report mentions that the company is currently under a growing curve. It further mentions there has been an increase in the global demand for these companies. It is a publicly-traded marketing company based in Foster City, California. QuinStreet offers performance-based marketing and search engine marketing services. The company was founded in 1999 and has launched or acquired dozens of websites and other media properties.
NASDAQ: QNST Stock Analysis
QuinStreet stocks traded at $23.64 this Thursday. The company’s current market capitalization stands at $1.26 billion. It has a positive PE ratio of 40.07 along with a beta of 1.10 at the moment. The 12-monthly high to low ranges from $25.99 to $5.76. The 50SMA (50 Days Simple Moving Average) stands at $22.85 and its 200SMA stands at $18.71.
The quarterly earnings report for the previous quarter was released on the 3rd of February. The earnings stood at $0.13 EPS as opposed to the general consensus of $0.02 proposed by analysts at Zacks Investment Research. The company’s return on equity stands at 12.51% along with a net margin of 6.29%. The estimated income for the firm was marked at $119.83 million but it made $134.97 million for the quarter. The FY2020 EPS is estimated to stand at 0.06, according to analysts.
NASDAQ: QNST has recently been the subject of a lot of reports by research analysts. Some such as Barrington Research, Lake Street Capital, Zacks Investment Research, and so on have posted reports on this company over the last few months.
The recent consensus on this company’s stocks stands at a “Buy” rating with $21.00 as a consensus on the target price. Several hedge funds have also altered their holdings of NASDAQ: QNST shares recently.