QuinStreet, Inc. (NASDAQ:QNST) Receives $22.25 Average PT from Brokerages

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) has received an average recommendation of "Buy" from the four research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued a report on the stock in the last year is $22.25.

Several research firms have weighed in on QNST. Barrington Research reiterated an "outperform" rating and issued a $22.00 price objective on shares of QuinStreet in a research note on Friday, August 9th. B. Riley increased their target price on QuinStreet from $21.50 to $24.00 and gave the stock a "buy" rating in a report on Friday, August 9th. StockNews.com raised QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, August 12th. Craig Hallum raised their price target on QuinStreet from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, August 9th. Finally, Singular Research raised QuinStreet to a "moderate buy" rating in a research note on Tuesday, May 14th.

Institutional Trading of QuinStreet

A number of institutional investors and hedge funds have recently bought and sold shares of QNST. Dynamic Technology Lab Private Ltd acquired a new stake in QuinStreet during the 4th quarter worth about $609,000. Basswood Capital Management L.L.C. boosted its position in shares of QuinStreet by 20.6% in the fourth quarter. Basswood Capital Management L.L.C. now owns 1,007,188 shares of the technology company's stock valued at $12,912,000 after acquiring an additional 171,838 shares during the period. Nomura Holdings Inc. raised its stake in QuinStreet by 20.0% in the fourth quarter. Nomura Holdings Inc. now owns 360,543 shares of the technology company's stock valued at $4,622,000 after purchasing an additional 60,142 shares in the last quarter. First Eagle Investment Management LLC raised its stake in QuinStreet by 20.2% in the first quarter. First Eagle Investment Management LLC now owns 549,223 shares of the technology company's stock valued at $9,699,000 after purchasing an additional 92,200 shares in the last quarter. Finally, Naples Money Management LLC purchased a new position in shares of QuinStreet during the fourth quarter worth approximately $38,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

QuinStreet Stock Performance

NASDAQ:QNST traded down $0.45 during mid-day trading on Friday, reaching $17.05. The stock had a trading volume of 345,777 shares, compared to its average volume of 405,476. The firm has a market capitalization of $942.47 million, a price-to-earnings ratio of -10.93 and a beta of 1.16. QuinStreet has a twelve month low of $8.44 and a twelve month high of $20.50. The business has a 50 day simple moving average of $17.11 and a 200 day simple moving average of $16.77.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share 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 analyst estimates of $186.39 million. During the same quarter last year, the business earned ($1.03) EPS. QuinStreet's revenue for the quarter was up 52.2% on a year-over-year basis. As a group, sell-side analysts expect that QuinStreet will post 0.02 earnings per share for the current year.

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.