During the last session, QuinStreet Inc (NASDAQ:QNST)’s traded shares were 0.4 million, with the beta value of the company hitting 1.07. At the end of the trading day, the stock’s price was $22.91, reflecting an intraday gain of 1.96% or $0.44. The 52-week high for the QNST share is $26.27, that puts it down -14.67 from that peak though still a striking 51.9% gain since the share price plummeted to a 52-week low of $11.02. The company’s market capitalization is $1.29B, and the average intraday trading volume over the past 10 days was 0.46 million shares, and the average trade volume was 438.85K shares over the past three months.
QuinStreet Inc (QNST) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.29. QNST has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.19.
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QuinStreet Inc (NASDAQ:QNST) trade information
QuinStreet Inc (QNST) registered a 1.96% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.96% in intraday trading to $22.91, hitting a weekly high. The stock’s 5-day price performance is 12.80%, and it has moved by 25.26% in 30 days. Based on these gigs, the overall price performance for the year is 104.92%. The short interest in QuinStreet Inc (NASDAQ:QNST) is 1.82 million shares and it means that shorts have 6.33 day(s) to cover.
The consensus price target of analysts on Wall Street is $24.5, which implies an increase of 6.49% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $21.5 and $32 respectively. As a result, QNST is trading at a discount of -39.68% off the target high and 6.15% off the low.
QuinStreet Inc (QNST) estimates and forecasts
Statistics show that QuinStreet Inc has outperformed its competitors in share price, compared to the industry in which it operates. QuinStreet Inc (QNST) shares have gone up 24.24% during the last six months, with a year-to-date growth rate more than the industry average at 609.09% against 12.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 587.50% this quarter and then jump 275.00% in the quarter after that. In the rating firms’ projections, revenue will increase 63.51% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 239.8M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 247.93M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 122.68M and 168.59M respectively. In this case, analysts expect current quarter sales to grow by 95.47% and then jump by 47.06% in the coming quarter.
While earnings are projected to return 653.25% in 2024, the next five years will return 25.00% per annum.
QNST Dividends
QuinStreet Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
QuinStreet Inc (NASDAQ:QNST)’s Major holders
QuinStreet Inc insiders own 4.40% of total outstanding shares while institutional holders control 92.44%, with the float percentage being 96.69%. BLACKROCK INC. is the largest shareholder of the company, while 243.0 institutions own stock in it. As of 2024-06-30, the company held over 8.57 million shares (or 15.5615% of all shares), a total value of $142.16 million in shares.
The next largest institutional holding, with 4.26 million shares, is of PRIVATE CAPITAL MANAGEMENT, LLC’s that is approximately 7.7385% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $70.69 million.
Also, the Mutual Funds coming in first place with the largest holdings of QuinStreet Inc (QNST) shares are iShares Core S&P Smallcap ETF and American Century Small Cap Growth Fund . Data provided on Sep 30, 2024 indicates that iShares Core S&P Smallcap ETF owns about 3.51 shares. This amounts to just over 6.24 percent of the company’s overall shares, with a $80.45 million market value. The same data shows that the other fund manager holds slightly less at 1.78, or about 3.16% of the stock, which is worth about $40.74 million.
