QuinStreet, Inc. (NASDAQ:QNST) Given Consensus Recommendation of “Buy” by Analysts

QuinStreet, Inc. (NASDAQ:QNST) has been assigned an average recommendation of “Buy” from the four ratings firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $22.25.

QNST has been the topic of several recent analyst reports. Barrington Research restated an “outperform” rating and issued a $22.00 price objective on shares of QuinStreet in a 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. B. Riley upped their target price on shares of QuinStreet from $21.50 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Craig Hallum upped their target price on shares of QuinStreet from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 9th.

QuinStreet Stock Up 1.8 %

QNST stock opened at $19.74 on Wednesday. The stock has a market capitalization of $1.09 billion, a P/E ratio of -12.65 and a beta of 1.11. The firm has a 50-day simple moving average of $18.25 and a 200-day simple moving average of $17.43. QuinStreet has a 52 week low of $8.44 and a 52 week high of $20.50.

QuinStreet (NASDAQ:QNST) last posted 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. The company had revenue of $198.32 million for the quarter, compared to analyst estimates of $186.39 million. QuinStreet had a negative net margin of 5.11% and a negative return on equity of 13.00%. QuinStreet’s revenue was up 52.2% on a year-over-year basis. During the same period in the previous year, the business posted ($1.03) EPS. On average, analysts expect that QuinStreet will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On QuinStreet

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP lifted its position in QuinStreet by 11,330.0% during the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after buying an additional 2,266 shares in the last quarter. SageView Advisory Group LLC acquired a new position in shares of QuinStreet during the first quarter worth $60,000. RiverPark Advisors LLC acquired a new position in shares of QuinStreet during the first quarter worth $127,000. Victory Capital Management Inc. acquired a new position in shares of QuinStreet during the second quarter worth $175,000. Finally, ProShare Advisors LLC acquired a new position in shares of QuinStreet during the first quarter worth $188,000. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

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.