QuinStreet (NASDAQ:QNST) Given New $25.00 Price Target at B. Riley

Key Points

• Analysts at B. Riley have cut their price target for QuinStreet (NASDAQ:QNST) from $28.00 to $25.00 while maintaining a "buy" rating, indicating a potential upside of 61.13% from the current stock price.
• QuinStreet has recently faced mixed ratings from multiple analysts, with Lake Street Capital lowering their target to $19.00 and others adjusting their ratings to "buy" or "overweight," reflecting differing outlooks on the company's performance.
• Despite a year-over-year revenue increase of 32.1%, QuinStreet reported a slight earnings miss in its latest quarter, with earnings per share of $0.25 falling short of expectations.

QuinStreet (NASDAQ:QNST - Get Free Report) had its price target cut by stock analysts at B. Riley from $28.00 to $25.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. B. Riley's price target points to a potential upside of 71.12% from the stock's current price.

A number of other equities analysts also recently issued reports on QNST. Barrington Research reaffirmed an "outperform" rating and set a $29.00 price objective on shares of QuinStreet in a report on Friday. Lake Street Capital lowered their target price on QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Stephens restated an "overweight" rating and issued a $31.00 price objective on shares of QuinStreet in a research note on Thursday, May 8th. Finally, Wall Street Zen upgraded QuinStreet from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $27.00.

QuinStreet Stock Up 0.7%

QNST stock traded up $0.10 during mid-day trading on Friday, reaching $14.61. 414,155 shares of the company traded hands, compared to its average volume of 599,878. The stock has a market cap of $825.03 million, a price-to-earnings ratio of 162.33 and a beta of 0.71. QuinStreet has a fifty-two week low of $14.27 and a fifty-two week high of $26.27. The firm's 50 day moving average price is $15.84 and its 200 day moving average price is $17.48.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). The firm had revenue of $262.05 million for the quarter, compared to analysts' expectations of $255.84 million. QuinStreet had a return on equity of 4.56% and a net margin of 0.43%. QuinStreet's revenue was up 32.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. On average, analysts anticipate that QuinStreet will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of QNST. Driehaus Capital Management LLC boosted its position in QuinStreet by 28.4% during the fourth quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company's stock valued at $64,312,000 after buying an additional 617,216 shares during the period. Invesco Ltd. boosted its position in QuinStreet by 177.8% during the fourth quarter. Invesco Ltd. now owns 946,108 shares of the technology company's stock valued at $21,827,000 after buying an additional 605,500 shares during the period. Lord Abbett & CO. LLC purchased a new stake in QuinStreet during the first quarter valued at about $9,152,000. Millennium Management LLC grew its holdings in shares of QuinStreet by 213.3% in the first quarter. Millennium Management LLC now owns 714,482 shares of the technology company's stock worth $12,746,000 after purchasing an additional 486,406 shares during the last quarter. Finally, G2 Investment Partners Management LLC bought a new position in shares of QuinStreet in the fourth quarter worth approximately $7,203,000. 97.83% of the stock is currently owned by 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.