QuinStreet (NASDAQ:QNST) Stock Rating Lowered by Wall Street Zen

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

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

QuinStreet Stock Performance

NASDAQ:QNST traded down $0.28 during trading hours on Friday, reaching $15.30. The company's stock had a trading volume of 586,731 shares, compared to its average volume of 519,776. The stock has a 50 day moving average price of $16.36 and a two-hundred day moving average price of $19.80. The company has a market capitalization of $863.98 million, a P/E ratio of -69.55 and a beta of 0.79. QuinStreet has a 12 month low of $14.39 and a 12 month high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $269.84 million during the quarter, compared to analysts' expectations of $270.36 million. During the same period in the prior year, the business posted $0.06 EPS. The firm's quarterly revenue was up 60.1% on a year-over-year basis. As a group, analysts predict that QuinStreet will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC boosted its stake in QuinStreet by 149.7% in the third quarter. Barclays PLC now owns 127,404 shares of the technology company's stock valued at $2,436,000 after acquiring an additional 76,389 shares in the last quarter. SG Americas Securities LLC boosted its holdings in QuinStreet by 1.8% in the 4th quarter. SG Americas Securities LLC now owns 26,060 shares of the technology company's stock valued at $601,000 after purchasing an additional 459 shares in the last quarter. KBC Group NV grew its holdings in QuinStreet by 64.5% during the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company's stock worth $82,000 after acquiring an additional 1,396 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of QuinStreet by 1.4% in 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 in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings 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 worth $628,000 after buying an additional 500 shares in the last quarter. 97.83% of the stock is currently owned by hedge funds and other 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.