QuinStreet, Inc. (NASDAQ:QNST) Receives Average Rating of “Buy” from Analysts

QuinStreet, Inc. (NASDAQ:QNST) has been assigned an average recommendation of “Buy” from the four analysts that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have covered the stock in the last year is $22.25.

A number of equities analysts have recently commented on the company. B. Riley raised their price objective on QuinStreet from $21.50 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Barrington Research restated an “outperform” rating and issued a $22.00 price target on shares of QuinStreet in a report on Friday, August 9th. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, Craig Hallum raised their target price on shares of QuinStreet from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, August 9th.

Institutional Trading of QuinStreet

A number of hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its holdings in QuinStreet by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock valued at $438,000 after purchasing an additional 600 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of QuinStreet by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock valued at $341,000 after purchasing an additional 719 shares in the last quarter. PEAK6 Investments LLC raised its position in shares of QuinStreet by 3.4% in the 1st quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock valued at $454,000 after purchasing an additional 843 shares in the last quarter. Texas Permanent School Fund Corp raised its position in shares of QuinStreet by 1.9% in the 1st quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock valued at $806,000 after purchasing an additional 847 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of QuinStreet by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 156,530 shares of the technology company’s stock valued at $2,597,000 after purchasing an additional 1,652 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

QuinStreet Stock Performance

QuinStreet stock opened at $19.13 on Friday. QuinStreet has a 1 year low of $8.44 and a 1 year high of $20.91. The firm has a 50 day moving average price of $18.66 and a 200 day moving average price of $17.77. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -12.26 and a beta of 1.11.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $198.32 million during the quarter, compared to the consensus estimate of $186.39 million. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The business’s revenue for the quarter was up 52.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.03) EPS. Sell-side analysts predict that QuinStreet will post 0.08 EPS 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.