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

Shares of QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on 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.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC bought a new stake in shares of QuinStreet in the 1st quarter worth approximately $25,000. Arcadia Investment Management Corp MI bought a new position in QuinStreet in the 4th quarter worth $38,000. PNC Financial Services Group Inc. lifted its position in shares of QuinStreet by 43.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock worth $88,000 after purchasing an additional 1,162 shares during the period. CWM LLC lifted its position in shares of QuinStreet by 326.7% in the 1st quarter. CWM LLC now owns 6,144 shares of the technology company's stock worth $110,000 after purchasing an additional 4,704 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of QuinStreet during the 4th quarter valued at about $112,000. Hedge funds and other institutional investors own 97.83% of the company's stock.

QuinStreet Stock Up 0.3%

Shares of QuinStreet stock traded up $0.05 during trading on Friday, hitting $15.15. 458,108 shares of the stock traded hands, compared to its average volume of 525,252. The stock has a market cap of $855.51 million, a price-to-earnings ratio of -68.86 and a beta of 0.73. QuinStreet has a 52 week low of $14.39 and a 52 week high of $26.27. The firm's fifty day moving average is $16.08 and its 200-day moving average is $19.29.

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

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.