QuinStreet (NASDAQ:QNST) Hits New 12-Month High - Time to Buy?

Shares of QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $21.84 and last traded at $21.84, with a volume of 9358 shares traded. The stock had previously closed at $21.43.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barrington Research reissued an "outperform" rating and set a $22.00 target price on shares of QuinStreet in a research report on Friday, August 9th. StockNews.com raised QuinStreet from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. Craig Hallum raised their target price on QuinStreet from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, August 9th. Finally, B. Riley lifted their target price on QuinStreet from $21.50 to $24.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $22.25.

QuinStreet Price Performance

The firm has a market capitalization of $1.16 billion, a P/E ratio of -13.74 and a beta of 1.11. The firm has a fifty day simple moving average of $19.08 and a two-hundred day simple moving average of $18.00.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. QuinStreet had a negative net margin of 5.11% and a negative return on equity of 13.00%. The company had revenue of $198.32 million for the quarter, compared to analysts' expectations of $186.39 million. During the same period in the prior year, the company posted ($1.03) EPS. QuinStreet's revenue was up 52.2% compared to the same quarter last year. On average, research analysts anticipate that QuinStreet, Inc. will post 0.08 EPS for the current year.

Institutional Trading of QuinStreet

A number of institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in shares of QuinStreet by 880.3% during the third quarter. US Bancorp DE now owns 1,392 shares of the technology company's stock valued at $27,000 after buying an additional 1,250 shares during the period. Quarry LP grew its stake in QuinStreet by 11,330.0% during the second quarter. Quarry LP now owns 2,286 shares of the technology company's stock valued at $38,000 after acquiring an additional 2,266 shares in the last quarter. SageView Advisory Group LLC bought a new stake in QuinStreet during the 1st quarter worth approximately $60,000. RiverPark Advisors LLC purchased a new stake in QuinStreet in the 1st quarter worth approximately $127,000. Finally, Victory Capital Management Inc. purchased a new stake in QuinStreet in the 2nd quarter worth approximately $175,000. Hedge funds and other institutional investors own 97.83% of the company's stock.

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.