QuinStreet, Inc. (NASDAQ:QNST) Receives Average Rating of "Buy" from Brokerages

Shares of QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) have earned an average recommendation of "Buy" from the four research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $22.25.

Several equities analysts have recently issued reports on the company. B. Riley upped their price target on QuinStreet from $21.50 to $24.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Barrington Research reissued an "outperform" rating and issued a $22.00 target price on shares of QuinStreet in a research note on Friday, August 9th. StockNews.com lowered QuinStreet from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Craig Hallum increased their target price on QuinStreet from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, August 9th.

Institutional Investors Weigh In On QuinStreet

Several large investors have recently modified their holdings of the business. Louisiana State Employees Retirement System increased its holdings in shares of QuinStreet by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company's stock worth $438,000 after acquiring an additional 600 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of QuinStreet by 2.3% in the third quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company's stock worth $603,000 after acquiring an additional 712 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of QuinStreet by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company's stock worth $341,000 after acquiring an additional 719 shares in the last quarter. PEAK6 Investments LLC increased its holdings in shares of QuinStreet by 3.4% in the first quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company's stock worth $454,000 after acquiring an additional 843 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its holdings in shares of QuinStreet by 1.9% in the first quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company's stock worth $806,000 after acquiring an additional 847 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors.

QuinStreet Trading Down 2.0 %

Shares of QNST traded down $0.43 during trading hours on Thursday, hitting $21.00. 563,062 shares of the stock traded hands, compared to its average volume of 395,067. QuinStreet has a 1-year low of $10.22 and a 1-year high of $21.85. The firm has a market capitalization of $1.16 billion, a PE ratio of -13.46 and a beta of 1.11. The business has a fifty day moving average of $19.16 and a 200-day moving average of $18.02.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The business had revenue of $198.32 million for the quarter, compared to analyst estimates of $186.39 million. During the same quarter in the prior year, the firm posted ($1.03) earnings per share. The firm's revenue for the quarter was up 52.2% compared to the same quarter last year. As a group, equities research analysts expect that QuinStreet will post 0.08 earnings per share for the current fiscal 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.