QuinStreet (NASDAQ:QNST) Upgraded by Wall Street Zen to "Buy" Rating

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 equities analysts have also recently issued reports about the company. Lake Street Capital lowered their price target on QuinStreet from $27.00 to $19.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Stephens reaffirmed an "overweight" rating and issued a $31.00 price objective on shares of QuinStreet in a report on Thursday, May 8th. Finally, Barrington Research reissued an "outperform" rating and issued a $29.00 target price on shares of QuinStreet in a report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $29.00.

QuinStreet Trading Up 0.9%

NASDAQ:QNST traded up $0.14 during mid-day trading on Friday, reaching $15.26. The company's stock had a trading volume of 925,057 shares, compared to its average volume of 526,384. The stock has a market cap of $861.72 million, a P/E ratio of -1,524.48 and a beta of 0.73. The firm's fifty day moving average price is $16.04 and its two-hundred day moving average price is $19.11. QuinStreet has a 12-month low of $14.39 and a 12-month 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 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.15. The firm had revenue of $269.84 million during the quarter, compared to analysts' expectations of $270.36 million. QuinStreet had a negative net margin of 0.06% and a positive return on equity of 1.08%. The firm's quarterly revenue was up 60.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 earnings per share. Analysts predict that QuinStreet will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On QuinStreet

Several hedge funds and other institutional investors have recently modified their holdings of QNST. PNC Financial Services Group Inc. grew its holdings in QuinStreet by 43.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company's stock valued at $88,000 after purchasing an additional 1,162 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of QuinStreet by 4.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 31,717 shares of the technology company's stock valued at $566,000 after buying an additional 1,247 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of QuinStreet by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company's stock valued at $571,000 after acquiring an additional 1,381 shares during the period. Summit Securities Group LLC purchased a new stake in QuinStreet in the 1st quarter worth approximately $25,000. Finally, Arcadia Investment Management Corp MI bought a new stake in QuinStreet during the 4th quarter worth approximately $38,000. 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.