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

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) has been given an average recommendation of "Moderate Buy" by the five brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $29.00.

Several research firms have commented on QNST. Barrington Research reiterated an "outperform" rating and issued a $29.00 target price on shares of QuinStreet in a research report on Wednesday, April 23rd. Wall Street Zen cut shares of QuinStreet from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Stephens reissued an "overweight" rating and issued a $31.00 price objective on shares of QuinStreet in a research note on Thursday, May 8th. Finally, Lake Street Capital reduced their price target on QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th.

QuinStreet Price Performance

QuinStreet stock traded down $0.41 during mid-day trading on Friday, reaching $15.10. 370,406 shares of the company were exchanged, compared to its average volume of 525,121. The company has a fifty day simple moving average of $16.06 and a 200-day simple moving average of $19.44. The firm has a market cap of $852.68 million, a PE ratio of -68.64 and a beta of 0.73. QuinStreet has a 12 month low of $14.39 and a 12 month high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $269.84 million for the quarter, compared to the consensus estimate of $270.36 million. During the same period last year, the company posted $0.06 EPS. The firm's quarterly revenue was up 60.1% compared to the same quarter last year. Sell-side analysts anticipate that QuinStreet will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Barclays PLC boosted its stake in shares of QuinStreet by 149.7% during the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company's stock valued at $2,436,000 after purchasing an additional 76,389 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in QuinStreet by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 31,976 shares of the technology company's stock valued at $737,000 after purchasing an additional 432 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in QuinStreet by 1.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 27,200 shares of the technology company's stock valued at $628,000 after purchasing an additional 500 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of QuinStreet during the 4th quarter valued at about $486,000. Finally, Legato Capital Management LLC purchased a new stake in shares of QuinStreet in the 4th quarter worth $456,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

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.