QuinStreet's (QNST) Outperform Rating Reaffirmed at Barrington Research

Key Points

• Barrington Research has reiterated an "outperform" rating for QuinStreet (NASDAQ: QNST) with a target price of $29.00, indicating a potential upside of 79.01% from its previous closing price.
• The stock currently has an average rating of "Moderate Buy", with analysts anticipating earnings per share of 0.12 for the current fiscal year.
• QuinStreet's revenue for the most recent quarter was approximately $262.05 million, exceeding analysts' expectations and demonstrating a 32.1% year-over-year increase.

QuinStreet (NASDAQ:QNST - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities research analysts at Barrington Research in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $29.00 target price on the technology company's stock. Barrington Research's price target suggests a potential upside of 98.49% from the company's previous close.

QNST has been the subject of several other reports. Lake Street Capital cut their price target on QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Wall Street Zen upgraded QuinStreet from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Finally, Stephens restated an "overweight" rating and set a $31.00 price objective on shares of QuinStreet in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

QuinStreet Price Performance

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

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The business had revenue of $262.05 million during the quarter, compared to analyst estimates of $255.84 million. QuinStreet had a net margin of 0.43% and a return on equity of 4.56%. The company's revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 earnings per share. Equities analysts anticipate that QuinStreet will post 0.12 earnings per share for the current year.

Institutional Trading of QuinStreet

Institutional investors and hedge funds have recently made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in shares of QuinStreet during the 1st quarter worth $25,000. CWM LLC increased its holdings in QuinStreet by 326.7% in the 1st quarter. CWM LLC now owns 6,144 shares of the technology company's stock valued at $110,000 after purchasing an additional 4,704 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in QuinStreet by 885.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,221 shares of the technology company's stock valued at $116,000 after purchasing an additional 6,488 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in QuinStreet in the 1st quarter valued at $184,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in QuinStreet in the 2nd quarter valued at $190,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

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.