QuinStreet (NASDAQ:QNST) Price Target Lowered to $25.00 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 objective cut by research analysts at B. Riley from $28.00 to $25.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. B. Riley's price target would indicate a potential upside of 64.58% from the company's current price.

Several other brokerages have also issued reports on QNST. Wall Street Zen upgraded shares of QuinStreet from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Stephens restated an "overweight" rating and set a $31.00 target price on shares of QuinStreet in a research report on Thursday, May 8th. Lake Street Capital cut their target price on shares of QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Finally, Barrington Research restated an "outperform" rating and set a $29.00 target price on shares of QuinStreet in a research report on Friday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, QuinStreet currently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

QuinStreet Stock Performance

Shares of QNST stock traded down $1.01 during trading hours on Friday, reaching $15.19. The company had a trading volume of 897,272 shares, compared to its average volume of 530,243. The business has a fifty day moving average price of $15.86 and a 200-day moving average price of $17.56. QuinStreet has a one year low of $14.39 and a one year high of $26.27. The firm has a market cap of $857.78 million, a PE ratio of 168.78 and a beta of 0.71.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). QuinStreet had a return on equity of 4.65% and a net margin of 0.43%. The company had revenue of $262.05 million during the quarter, compared to the consensus estimate of $255.84 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The business's revenue was up 32.1% compared to the same quarter last year. Equities research analysts forecast that QuinStreet will post 0.12 EPS for the current year.

Hedge Funds Weigh In On QuinStreet

Several large investors have recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in shares of QuinStreet in the first quarter worth $25,000. CWM LLC lifted its holdings in shares of QuinStreet by 326.7% in the first quarter. CWM LLC now owns 6,144 shares of the technology company's stock worth $110,000 after buying an additional 4,704 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of QuinStreet by 885.1% in the second quarter. Farther Finance Advisors LLC now owns 7,221 shares of the technology company's stock worth $116,000 after buying an additional 6,488 shares in the last quarter. Pictet Asset Management Holding SA purchased a new position in shares of QuinStreet in the fourth quarter worth $203,000. Finally, Aquatic Capital Management LLC purchased a new position in shares of QuinStreet in the fourth quarter worth $213,000. Hedge funds and other institutional investors 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.