QuinStreet (NASDAQ:QNST) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of QuinStreet (NASDAQ:QNST - Free Report) from a buy rating to a hold rating in a report released on Friday morning.

Other equities research analysts have also issued research reports about the stock. B. Riley reissued a "buy" rating and issued a $34.00 price objective (up previously from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Stephens reiterated an "overweight" rating and issued a $31.00 price target on shares of QuinStreet in a report on Thursday, May 8th. Barrington Research reissued an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a research report on Wednesday, April 23rd. Finally, Lake Street Capital decreased their target price on QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.00.

QuinStreet Stock Performance

QuinStreet stock traded up $0.31 during midday trading on Friday, reaching $15.47. The stock had a trading volume of 314,828 shares, compared to its average volume of 635,431. The stock's 50-day simple moving average is $16.29 and its 200 day simple moving average is $19.75. QuinStreet has a twelve month low of $14.39 and a twelve month high of $26.27. The stock has a market capitalization of $873.58 million, a PE ratio of -70.32 and a beta of 0.79.

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

Institutional Investors Weigh In On QuinStreet

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of QuinStreet by 0.6% during the first quarter. Vanguard Group Inc. now owns 4,027,512 shares of the technology company's stock valued at $71,851,000 after acquiring an additional 25,482 shares in the last quarter. Driehaus Capital Management LLC boosted its holdings in QuinStreet by 13.6% in 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 last quarter. American Century Companies Inc. grew its stake in QuinStreet by 0.9% during the 1st 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 in the last quarter. Geode Capital Management LLC increased its holdings in QuinStreet by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 1,297,160 shares of the technology company's stock worth $29,933,000 after purchasing an additional 26,394 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in QuinStreet by 177.8% during the 4th quarter. Invesco Ltd. now owns 946,108 shares of the technology company's stock worth $21,827,000 after purchasing an additional 605,500 shares during the last quarter. 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.