QuinStreet (NASDAQ:QNST) Trading Up 4.1%

Shares of QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) shot up 4.1% on Tuesday . The company traded as high as $19.47 and last traded at $19.39. 363,831 shares traded hands during trading, a decline of 10% from the average session volume of 403,215 shares. The stock had previously closed at $18.63.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on QNST shares. B. Riley upped their price target on shares of QuinStreet from $21.50 to $24.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research note on Monday, August 12th. Singular Research upgraded shares of QuinStreet to a "moderate buy" rating in a report on Tuesday, May 14th. Craig Hallum upped their target price on shares of QuinStreet from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, August 9th. Finally, Barrington Research restated an "outperform" rating and issued a $22.00 price target on shares of QuinStreet in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.25.

QuinStreet Stock Up 5.4 %

The stock has a market capitalization of $1.09 billion, a P/E ratio of -12.59 and a beta of 1.16. The stock has a 50 day simple moving average of $17.33 and a two-hundred day simple moving average of $17.02.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $198.32 million during the quarter, compared to analysts' expectations of $186.39 million. During the same period last year, the business earned ($1.03) earnings per share. The firm's revenue was up 52.2% on a year-over-year basis. Sell-side analysts predict that QuinStreet, Inc. will post 0.02 earnings per share for the current fiscal year.

Institutional Trading of QuinStreet

Hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System acquired a new stake in QuinStreet in the 4th quarter worth about $332,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in QuinStreet by 57.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,722 shares of the technology company's stock worth $163,000 after acquiring an additional 4,647 shares during the period. Illinois Municipal Retirement Fund raised its holdings in QuinStreet by 2.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 31,109 shares of the technology company's stock valued at $399,000 after acquiring an additional 860 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in shares of QuinStreet during the 4th quarter worth $206,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of QuinStreet by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 431,076 shares of the technology company's stock worth $5,526,000 after purchasing an additional 14,520 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.