At the time of writing, QuinStreet Inc [QNST] stock is trading at $18.76, down -3.45%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The QNST shares have gain 4.86% over the last week, with a monthly amount glided 7.63%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, B. Riley Securities upgraded its rating to Buy on November 30, 2023, and elevated its price target to $19. On October 23, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $14 on the stock. B. Riley Securities started tracking the stock assigning a Neutral rating and suggested a price target of $10 on August 29, 2023. Craig Hallum downgraded its rating to a Hold. Barrington Research downgraded its rating to Mkt Perform for this stock on May 04, 2023. In a note dated February 09, 2022, Lake Street downgraded an Hold rating on this stock and revised its target price from $27 to $13.
For the past year, the stock price of QuinStreet Inc fluctuated between $6.79 and $19.58. Currently, Wall Street analysts expect the stock to reach $15.88 within the next 12 months. QuinStreet Inc [NASDAQ: QNST] shares were valued at $18.76 at the most recent close of the market. An investor can expect a potential drop of -15.35% based on the average QNST price forecast.
Analyzing the QNST fundamentals
According to QuinStreet Inc [NASDAQ:QNST], the company’s sales were 549.59M for trailing twelve months, which represents an -8.48% plunge. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.16%. To continue investigating profitability, this company’s Return on Assets is posted at -0.24, Equity is -0.39 and Total Capital is -0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.39 points at the first support level, and at 18.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.35, and for the 2nd resistance point, it is at 19.95.
QuinStreet Inc [QNST] reported earnings per share of -$0.04 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.05/share, meaning a difference of $0.01 and a surprise factor of 20.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.03 per share as compared to estimates of -$0.04 per share, a difference of $0.01 representing a surprise of 25.00%.
Ratios To Look Out For
It is important to note that QuinStreet Inc [NASDAQ:QNST] has a current ratio of 1.51. As well, the Quick Ratio is 1.51, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 1.87, the price to book ratio is 4.78.
Transactions by insiders
Recent insider trading involved Wong Gregory, CFO, that happened on Feb 20 ’24 when 8407.0 shares were sold. CFO, Wong Gregory completed a deal on Dec 18 ’23 to sell 7145.0 shares. Meanwhile, CFO Wong Gregory sold 25865.0 shares on Dec 15 ’23.
