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

QuinStreet, Inc. (NASDAQ:QNST) has received an average rating of “Buy” from the four analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $22.25.

QNST has been the subject of several research reports. 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 research report on Friday, August 9th. Barrington Research restated an “outperform” rating and issued a $22.00 target price on shares of QuinStreet in a report on Friday, August 9th. Singular Research upgraded QuinStreet to a “moderate buy” rating in a research note on Tuesday, May 14th. StockNews.com raised QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, August 12th. Finally, Craig Hallum raised their target price on QuinStreet from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, August 9th.

Hedge Funds Weigh In On QuinStreet

Several institutional investors have recently modified their holdings of QNST. American Century Companies Inc. lifted its holdings in QuinStreet by 27.5% during the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock worth $33,763,000 after acquiring an additional 438,947 shares during the period. Divisadero Street Capital Management LP purchased a new stake in shares of QuinStreet during the 2nd quarter valued at $6,499,000. Driehaus Capital Management LLC raised its stake in shares of QuinStreet by 17.6% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock worth $25,050,000 after purchasing an additional 225,720 shares during the period. Basswood Capital Management L.L.C. boosted its holdings in shares of QuinStreet by 20.6% in the 4th quarter. Basswood Capital Management L.L.C. now owns 1,007,188 shares of the technology company’s stock worth $12,912,000 after buying an additional 171,838 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in QuinStreet by 248.7% during the second quarter. Squarepoint Ops LLC now owns 174,367 shares of the technology company’s stock valued at $2,893,000 after buying an additional 124,367 shares during the period. 97.83% of the stock is owned by institutional investors.

QuinStreet Trading Up 5.1 %

Shares of NASDAQ QNST opened at $17.96 on Friday. The firm has a market capitalization of $992.83 million, a P/E ratio of -11.51 and a beta of 1.16. The firm’s 50-day moving average price is $17.20 and its 200-day moving average price is $16.90. QuinStreet has a 1-year low of $8.44 and a 1-year high of $20.50.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The business had revenue of $198.32 million for the quarter, compared to the consensus estimate of $186.39 million. During the same period in the prior year, the business earned ($1.03) EPS. The firm’s revenue for the quarter was up 52.2% on a year-over-year basis. Equities research analysts forecast that QuinStreet will post 0.02 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.