QuinStreet (NASDAQ:QNST) PT Raised to $24.00

QuinStreet (NASDAQ:QNST) had its target price upped by research analysts at B. Riley from $21.50 to $24.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. B. Riley’s price target suggests a potential upside of 37.46% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Barrington Research restated an “outperform” rating and set a $22.00 price objective on shares of QuinStreet in a research report on Monday, July 15th. Craig Hallum increased their price target on shares of QuinStreet from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday. StockNews.com upgraded shares of QuinStreet to a “sell” rating in a report on Saturday, April 13th. Finally, Singular Research upgraded shares of QuinStreet to a “moderate buy” rating in a report on Tuesday, May 14th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.25.

QuinStreet Stock Down 6.0 %

QuinStreet stock traded down $1.11 during trading on Friday, reaching $17.46. The stock had a trading volume of 397,195 shares, compared to its average volume of 398,009. QuinStreet has a 52-week low of $8.44 and a 52-week high of $20.50. The business has a 50 day moving average price of $17.13 and a 200 day moving average price of $16.55. The stock has a market cap of $965.14 million, a PE ratio of -11.09 and a beta of 1.16.

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

Institutional Trading of QuinStreet

A number of hedge funds have recently made changes to their positions in the stock. Private Capital Management LLC boosted its holdings in QuinStreet by 1.4% in the fourth quarter. Private Capital Management LLC now owns 4,503,159 shares of the technology company’s stock worth $57,730,000 after purchasing an additional 62,095 shares during the period. Vanguard Group Inc. boosted its holdings in QuinStreet by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock worth $65,563,000 after purchasing an additional 48,705 shares during the period. American Century Companies Inc. boosted its holdings in QuinStreet by 27.5% in the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock worth $33,763,000 after purchasing an additional 438,947 shares during the period. Dimensional Fund Advisors LP boosted its holdings in QuinStreet by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,866,930 shares of the technology company’s stock worth $23,934,000 after purchasing an additional 114,980 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in QuinStreet by 0.8% in the first quarter. William Blair Investment Management LLC now owns 1,530,761 shares of the technology company’s stock worth $27,033,000 after purchasing an additional 12,058 shares during the period. Institutional investors and hedge funds 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.