QuinStreet (NASDAQ:QNST) Price Target Raised to $29.00

QuinStreet (NASDAQ:QNST - Free Report) had its price objective raised by Barrington Research from $22.00 to $29.00 in a research report report published on Tuesday, Benzinga reports. The firm currently has an outperform rating on the technology company's stock.

Several other research firms have also issued reports on QNST. B. Riley upped their price target on shares of QuinStreet from $24.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday. Craig Hallum upped their target price on shares of QuinStreet from $25.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday. Stephens lifted their price target on QuinStreet from $23.00 to $27.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, StockNews.com lowered QuinStreet from a "hold" rating to a "sell" rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, QuinStreet currently has an average rating of "Moderate Buy" and a consensus target price of $30.00.

QuinStreet Price Performance

NASDAQ:QNST traded up $1.12 on Tuesday, hitting $21.32. 3,114,850 shares of the company's stock were exchanged, compared to its average volume of 409,122. The firm has a 50-day moving average price of $19.23 and a 200-day moving average price of $18.09. QuinStreet has a 52 week low of $10.41 and a 52 week high of $26.27. The company has a market cap of $1.20 billion, a P/E ratio of -34.58 and a beta of 1.09.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.15 by $0.07. The firm had revenue of $279.22 million during the quarter, compared to analysts' expectations of $222.68 million. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The business's quarterly revenue was up 125.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.19) earnings per share. On average, research analysts expect that QuinStreet will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QNST. US Bancorp DE boosted its position in shares of QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company's stock valued at $27,000 after acquiring an additional 1,250 shares during the period. Quarry LP boosted its holdings in QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company's stock valued at $38,000 after purchasing an additional 2,266 shares during the period. SageView Advisory Group LLC bought a new stake in QuinStreet in the 1st quarter valued at about $60,000. Victory Capital Management Inc. acquired a new position in shares of QuinStreet during the 2nd quarter worth approximately $175,000. Finally, ProShare Advisors LLC bought a new position in shares of QuinStreet during the first quarter worth approximately $188,000. 97.83% of the stock is owned by institutional investors and hedge funds.

QuinStreet Company Profile

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.