Analysts Set QuinStreet, Inc. (NASDAQ:QNST) Target Price at $29.00

Shares of QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) have earned an average rating of "Moderate Buy" from the five research firms that are presently covering the firm, MarketBeat.com reports. One research 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 analysts that have issued a report on the stock in the last year is $29.00.

A number of brokerages have recently issued reports on QNST. Barrington Research restated an "outperform" rating and set a $29.00 price objective on shares of QuinStreet in a report on Wednesday, April 23rd. Stephens restated an "overweight" rating and set a $31.00 price objective on shares of QuinStreet 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, Lake Street Capital reduced their price objective on QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a report on Thursday, May 8th.

QuinStreet Stock Performance

QuinStreet stock traded up $0.19 during midday trading on Tuesday, reaching $16.19. 329,802 shares of the company's stock were exchanged, compared to its average volume of 527,437. QuinStreet has a 52 week low of $14.39 and a 52 week high of $26.27. The firm has a market cap of $914.25 million, a price-to-earnings ratio of -1,617.38 and a beta of 0.74. The stock's 50-day simple moving average is $15.95 and its 200 day simple moving average is $18.63.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted 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. QuinStreet had a positive return on equity of 1.08% and a negative net margin of 0.06%. The business had revenue of $269.84 million during the quarter, compared to analysts' expectations of $270.36 million. During the same quarter last year, the company posted $0.06 earnings per share. QuinStreet's quarterly revenue was up 60.1% on a year-over-year basis. Research analysts forecast that QuinStreet will post 0.12 earnings per share for the current year.

Institutional Investors Weigh In On QuinStreet

Institutional investors have recently made changes to their positions in the stock. Summit Securities Group LLC bought a new stake in shares of QuinStreet in the first quarter valued at approximately $25,000. PNC Financial Services Group Inc. boosted its stake in shares of QuinStreet by 43.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock valued at $88,000 after buying an additional 1,162 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of QuinStreet in the fourth quarter valued at approximately $112,000. CWM LLC boosted its stake in shares of QuinStreet by 326.7% in the first quarter. CWM LLC now owns 6,144 shares of the technology company's stock valued at $110,000 after buying an additional 4,704 shares during the period. Finally, Pictet Asset Management Holding SA bought a new stake in shares of QuinStreet in the fourth quarter valued at approximately $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.