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

Wall Street Zen upgraded shares of QuinStreet (NASDAQ:QNST - Free Report) from a hold rating to a buy rating in a research note published on Saturday.

Other analysts also recently issued reports about the company. Stephens reaffirmed an "overweight" rating and issued a $31.00 target price on shares of QuinStreet in a research note on Thursday, May 8th. Barrington Research restated an "outperform" rating and set a $29.00 price objective on shares of QuinStreet in a research report on Wednesday, April 23rd. Finally, Lake Street Capital reduced their target price 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $29.00.

QuinStreet Stock Up 1.5%

Shares of QuinStreet stock traded up $0.24 during trading hours on Friday, reaching $15.75. 386,723 shares of the company's stock were exchanged, compared to its average volume of 525,106. The business has a fifty day moving average of $16.05 and a two-hundred day moving average of $19.04. The company has a market capitalization of $889.40 million, a P/E ratio of -1,573.43 and a beta of 0.74. QuinStreet has a 1 year low of $14.39 and a 1 year high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.15. The company had revenue of $269.84 million during the quarter, compared to the consensus estimate of $270.36 million. QuinStreet had a negative net margin of 0.06% and a positive return on equity of 1.08%. QuinStreet's quarterly revenue was up 60.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. As a group, research analysts predict that QuinStreet will post 0.12 EPS for the current year.

Institutional Trading of QuinStreet

Several institutional investors and hedge funds have recently bought and sold shares of QNST. Driehaus Capital Management LLC increased its position in shares of QuinStreet by 28.4% during the fourth quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company's stock valued at $64,312,000 after acquiring an additional 617,216 shares during the last quarter. Invesco Ltd. increased its holdings in QuinStreet by 177.8% in the 4th 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 last quarter. Lord Abbett & CO. LLC acquired a new stake in QuinStreet in the 1st quarter valued at approximately $9,152,000. Millennium Management LLC raised its position in QuinStreet by 213.3% in the first quarter. Millennium Management LLC now owns 714,482 shares of the technology company's stock valued at $12,746,000 after purchasing an additional 486,406 shares during the period. Finally, G2 Investment Partners Management LLC acquired a new position in QuinStreet during the fourth quarter worth $7,203,000. 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.