B. Riley Forecasts Strong Price Appreciation for QuinStreet (NASDAQ:QNST) Stock

QuinStreet (NASDAQ:QNST - Free Report) had its price objective hoisted by B. Riley from $24.00 to $32.00 in a report issued on Tuesday morning, Benzinga reports. B. Riley currently has a buy rating on the technology company's stock.

A number of other equities research analysts have also recently commented on QNST. Barrington Research restated an "outperform" rating and set a $22.00 target price on shares of QuinStreet in a research report on Friday, August 9th. Stephens lifted their target price on shares of QuinStreet from $23.00 to $27.00 and gave the company an "overweight" rating in a report on Tuesday. Craig Hallum boosted their target price on shares of QuinStreet from $25.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, StockNews.com cut shares of QuinStreet from a "hold" rating to a "sell" rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.00.

QuinStreet Stock Up 5.5 %

QNST traded up $1.12 on Tuesday, hitting $21.32. The company had a trading volume of 3,108,857 shares, compared to its average volume of 409,119. QuinStreet has a 12-month low of $10.41 and a 12-month high of $26.27. The business's fifty day simple moving average is $19.23 and its 200 day simple moving average is $18.09. The company has a market cap of $1.20 billion, a PE ratio of -34.58 and a beta of 1.09.

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

Institutional Investors Weigh In On QuinStreet

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of QuinStreet by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company's stock valued at $65,563,000 after buying an additional 48,705 shares during the period. American Century Companies Inc. raised its position in shares of QuinStreet by 27.5% during the 2nd quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company's stock worth $33,763,000 after buying an additional 438,947 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of QuinStreet by 0.8% in the 1st quarter. William Blair Investment Management LLC now owns 1,530,761 shares of the technology company's stock worth $27,033,000 after purchasing an additional 12,058 shares during the last quarter. Driehaus Capital Management LLC grew its stake in shares of QuinStreet by 17.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company's stock worth $25,050,000 after purchasing an additional 225,720 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of QuinStreet by 7.5% in the second quarter. Millennium Management LLC now owns 804,223 shares of the technology company's stock worth $13,342,000 after acquiring an additional 55,889 shares in the last quarter. 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.