QuinStreet, Inc. (NASDAQ:QNST) Receives $29.00 Consensus Price Target from Brokerages

Shares of QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $29.00.

A number of analysts have recently commented on the stock. Stephens restated an "overweight" rating and set a $31.00 target price on shares of QuinStreet in a report on Thursday, May 8th. Barrington Research restated an "outperform" rating and set a $29.00 target price on shares of QuinStreet in a report on Wednesday, April 23rd. Lake Street Capital dropped their target price on QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen raised QuinStreet from a "hold" rating to a "buy" rating in a report on Saturday, June 21st.

QuinStreet Trading Down 1.9%

Shares of QNST traded down $0.30 during trading hours on Tuesday, reaching $15.36. 468,517 shares of the company's stock traded hands, compared to its average volume of 531,413. The firm's 50 day simple moving average is $15.83 and its 200-day simple moving average is $18.56. The stock has a market cap of $867.38 million, a PE ratio of -1,534.47 and a beta of 0.74. QuinStreet has a 12 month low of $14.39 and a 12 month high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.15. The business had revenue of $269.84 million for the quarter, compared to analysts' expectations of $270.36 million. QuinStreet had a positive return on equity of 1.08% and a negative net margin of 0.06%. The business's quarterly revenue was up 60.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS. As a group, analysts expect that QuinStreet will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of QNST. Steward Partners Investment Advisory LLC purchased a new stake in QuinStreet during the fourth quarter valued at $112,000. Charles Schwab Investment Management Inc. increased its position in QuinStreet by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 509,949 shares of the technology company's stock valued at $11,765,000 after acquiring an additional 14,411 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in QuinStreet during the fourth quarter valued at $225,000. PNC Financial Services Group Inc. increased its position in QuinStreet by 43.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock valued at $88,000 after acquiring an additional 1,162 shares during the last quarter. Finally, Amundi increased its position in QuinStreet by 174.5% during the fourth quarter. Amundi now owns 26,713 shares of the technology company's stock valued at $594,000 after acquiring an additional 16,982 shares during the last quarter. 97.83% of the stock is 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.