QuinStreet (NASDAQ:QNST) Shares Gap Up to $15.59

QuinStreet, Inc. (NASDAQ:QNST) gapped up prior to trading on Tuesday . The stock had previously closed at $15.59, but opened at $16.85. QuinStreet shares last traded at $17.00, with a volume of 80,123 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on QNST shares. Singular Research upgraded QuinStreet to a “moderate buy” rating in a research note on Tuesday, May 14th. Barrington Research reissued an “outperform” rating and set a $22.00 target price on shares of QuinStreet in a research report on Tuesday, May 28th. StockNews.com raised shares of QuinStreet to a “sell” rating in a report on Saturday, April 13th. Stephens boosted their price objective on shares of QuinStreet from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Finally, B. Riley began coverage on QuinStreet in a research note on Friday, April 19th. They set a “buy” rating and a $21.50 target price for the company. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, QuinStreet has an average rating of “Moderate Buy” and a consensus target price of $20.88.

QuinStreet Stock Up 4.0 %

The business’s 50 day moving average is $17.56 and its 200-day moving average is $15.39.

QuinStreet (NASDAQ:QNST) last released its earnings results on Wednesday, May 8th. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). QuinStreet had a negative return on equity of 38.56% and a negative net margin of 15.59%. The company had revenue of $168.59 million during the quarter, compared to the consensus estimate of $166.54 million. On average, analysts expect that QuinStreet, Inc. will post -0.55 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Naples Money Management LLC bought a new stake in shares of QuinStreet in the 4th quarter valued at approximately $38,000. SageView Advisory Group LLC acquired a new position in QuinStreet in the first quarter worth $60,000. RiverPark Advisors LLC bought a new stake in QuinStreet during the first quarter valued at $127,000. ProShare Advisors LLC acquired a new stake in shares of QuinStreet during the first quarter worth $188,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of QuinStreet by 57.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,722 shares of the technology company’s stock worth $163,000 after buying an additional 4,647 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

About QuinStreet

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.