A Look at QuinStreet Inc. (QNST) Shares in the Recent Past Indicates Growth

QuinStreet Inc. (NASDAQ: QNST) stock fell -1.21% on Friday to $10.65 against a previous-day closing price of $10.78. With 0.18 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.39 million shares. During the session, the Advertising Agencies company that operates in wider Communication Services sector, reached to the highest price of $10.76 whereas the lowest price it dropped to was $10.60. The 52-week range on QNST shows that it touched its highest point at $21.00 and its lowest point at $8.28 during that stretch. It currently has a 1-year price target of $12.70. Beta for the stock currently stands at 1.05.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of QNST was down-trending over the past week, with a drop of -5.25%, but this was up by 6.82% over a month. Three-month performance surged to 3.70% while six-month performance fell -33.02%. The stock lost -41.87% in the past year, while it has lost -41.45% so far this year. A look at the trailing 12-month EPS for QNST yields 0.05 with Next year EPS estimates of 0.49. For the next quarter, that number is 0.05. This implies an EPS growth rate of 26.00% for this year and 41.38% for next year. EPS is expected to grow by 25.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 24.50%.

Float and Shares Shorts:

At present, 54.65 million QNST shares are outstanding with a float of 50.90 million shares on hand for trading. On Apr 28, 2022, short shares totaled 1.68 million, which was 3.06% higher than short shares on Mar 30, 2022. In addition to Mr. Douglas Valenti as the firm’s Chairman, Pres & CEO, Mr. Gregory Wong serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 91.54% of QNST’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 47.01% of QNST, in contrast to 44.29% held by mutual funds. Shares owned by individuals account for 16.40%. As the largest shareholder in QNST with 14.03% of the stake, BlackRock Fund Advisors holds 7,687,195 shares worth 7,687,195. A second-largest stockholder of QNST, The Vanguard Group, Inc., holds 3,396,649 shares, controlling over 6.20% of the firm’s shares. Private Capital Management LLC is the third largest shareholder in QNST, holding 3,220,774 shares or 5.88% stake. With a 6.53% stake in QNST, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 3,575,998 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.72% of QNST stock, is the second-largest Mutual Fund holder. It holds 1,490,291 shares valued at 14.99 million. Thrivent Small Cap Stock Fund holds 2.11% of the stake in QNST, owning 1,155,450 shares worth 11.62 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for QNST since 6 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With QNST analysts setting a high price target of $14.50 and a low target of $10.00, the average target price over the next 12 months is $12.70. Based on these targets, QNST could surge 36.15% to reach the target high and fall by -6.1% to reach the target low. Reaching the average price target will result in a growth of 19.25% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. QNST will report FY 2022 earnings on 08/08/2023. Analysts have provided yearly estimates in a range of $0.36 being high and $0.33 being low. For QNST, this leads to a yearly average estimate of $0.35. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. QuinStreet Inc. surprised analysts by -$0.01 when it reported $0.09 EPS against a consensus estimate of $0.10. The surprise factor in the prior quarter was -$0.02. Based on analyst estimates, the high estimate for the next quarter is $0.05 and the low estimate is $0.01. The average estimate for the next quarter is thus $0.04.

Summary of Insider Activity:

Insiders traded QNST stock several times over the past three months with 2 Buys and 13 Sells. In these transactions, 74,038 shares were bought while 41,878 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 75 over the past year. The total number of shares bought during that period was 302,097 while 1,391,642 shares were sold.

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