QuinStreet, Inc. (NASDAQ:QNST) Given Consensus Rating of "Moderate Buy" by Analysts

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $29.00.

Several equities research analysts recently commented on QNST shares. Wall Street Zen raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Barrington Research reissued an "outperform" rating and set a $29.00 price objective on shares of QuinStreet in a research note on Wednesday, April 23rd. Lake Street Capital dropped their price objective on shares of QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. B. Riley reiterated a "buy" rating and issued a $34.00 target price (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Finally, Stephens reiterated an "overweight" rating and issued a $31.00 target price on shares of QuinStreet in a research note on Thursday, May 8th.

QuinStreet Price Performance

NASDAQ:QNST traded down $0.34 during mid-day trading on Monday, hitting $14.92. 442,856 shares of the company's stock were exchanged, compared to its average volume of 516,313. QuinStreet has a one year low of $14.39 and a one year high of $26.27. The business has a fifty day moving average price of $16.71 and a 200 day moving average price of $20.04. The company has a market cap of $842.52 million, a PE ratio of -67.82 and a beta of 0.79.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.06 by $0.15. QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. The business had revenue of $269.84 million for the quarter, compared to analyst estimates of $270.36 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. QuinStreet's quarterly revenue was up 60.1% on a year-over-year basis. On average, equities analysts forecast that QuinStreet will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of QuinStreet by 0.6% in the first quarter. Vanguard Group Inc. now owns 4,027,512 shares of the technology company's stock worth $71,851,000 after purchasing an additional 25,482 shares during the last quarter. Driehaus Capital Management LLC lifted its position in QuinStreet by 13.6% during the first quarter. Driehaus Capital Management LLC now owns 3,165,649 shares of the technology company's stock valued at $56,475,000 after purchasing an additional 377,954 shares during the period. American Century Companies Inc. lifted its position in QuinStreet by 0.9% during the first quarter. American Century Companies Inc. now owns 2,248,579 shares of the technology company's stock valued at $40,115,000 after purchasing an additional 20,011 shares during the period. Geode Capital Management LLC lifted its position in QuinStreet by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 1,297,160 shares of the technology company's stock valued at $29,933,000 after purchasing an additional 26,394 shares during the period. Finally, Invesco Ltd. lifted 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 purchasing an additional 605,500 shares during the period. Hedge funds and other institutional investors own 97.83% of the company's stock.

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.