QuinStreet (NASDAQ:QNST) Trading Up 7.4% - Time to Buy?

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) shares shot up 7.4% on Wednesday . The company traded as high as $20.74 and last traded at $20.68. 57,688 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 391,099 shares. The stock had previously closed at $19.26.

Analyst Ratings Changes

Several brokerages recently issued reports on QNST. B. Riley lifted their price target on shares of QuinStreet from $21.50 to $24.00 and gave the company a "buy" rating in a report on Friday, August 9th. Barrington Research reiterated an "outperform" rating and set a $22.00 price target on shares of QuinStreet in a report on Friday, August 9th. StockNews.com upgraded QuinStreet from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Finally, Craig Hallum boosted their price objective on QuinStreet from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $22.25.

QuinStreet Stock Up 11.3 %

The stock has a market cap of $1.18 billion, a P/E ratio of -13.74 and a beta of 1.11. The company's 50 day moving average price is $19.08 and its 200-day moving average price is $18.00.

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

Institutional Investors Weigh In On QuinStreet

Several large investors have recently modified their holdings of QNST. US Bancorp DE lifted its stake in QuinStreet by 880.3% in 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 boosted 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 worth $38,000 after acquiring an additional 2,266 shares in the last quarter. SageView Advisory Group LLC acquired a new stake in QuinStreet in the first quarter worth $60,000. RiverPark Advisors LLC acquired a new stake in QuinStreet in the first quarter worth $127,000. Finally, Victory Capital Management Inc. bought a new stake in QuinStreet in the second quarter valued at $175,000. 97.83% of the stock is currently 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.