QuinStreet Inc (NASDAQ:QNST) price on Friday, March 21, rose 1.75% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $18.58.
A look at the stock’s price movement, the close in the last trading session was $18.26, moving within a range at $17.42 and $18.75. The beta value (5-Year monthly) was 1.134. Turning to its 52-week performance, $26.27 and $15.20 were the 52-week high and 52-week low respectively. Overall, QNST moved -11.73% over the past month.
QuinStreet Inc’s market cap currently stands at around $1.05 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-05.
Analysts have a consensus estimate of 270.36M for the company’s revenue for the quarter, with a low and high estimate of 267.93M and 272.7M respectively. The average forecast suggests up to a 60.37% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.09B, representing a 77.26% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that QNST is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 3 recommend QNST as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
QNST’s current price about 0.78% and -11.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.32, while 7-day volatility ratio is 5.16% and 4.56% in the 30-day chart. Further, QuinStreet Inc (QNST) has a beta value of 0.90, and an average true range (ATR) of 0.91. Analysts have given the company’s stock an average 52-week price target of $29.5, forecast between a low of $27 and high of $32. Looking at the price targets, the low is -45.32% off current price level while to achieve the yearly target high, price needs to move -72.23%. Nonetheless, investors will most likely welcome a -58.77% jump to $29.5 which is the analysts’ median price.
If we refocus on QuinStreet Inc (NASDAQ:QNST), historical trading data shows that trading volumes averaged 0.52 over the past 10 days and 532.71K over the past 3 months. The company’s latest data on shares outstanding shows there are 56.47 million shares.
The 8.47% of QuinStreet Inc’s shares are in the hands of company insiders while institutional holders own 92.29% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.56 million on 2025-02-28, giving us a short ratio of 2.43. The data shows that as of 2025-02-28 short interest in QuinStreet Inc (QNST) stood at 403.0 of shares outstanding, with shares short rising to 1.49 million registered in 2025-01-31. Current price change has pushed the stock -19.46% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the QNST stock continues to rise going into the next quarter.
