QuinStreet, Inc. (NASDAQ:QNST) Short Interest Update

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 1,580,000 shares, an increase of 27.4% from the May 15th total of 1,240,000 shares. Based on an average daily volume of 697,500 shares, the days-to-cover ratio is presently 2.3 days. Currently, 3.0% of the company's shares are sold short.

Analysts Set New Price Targets

Several research firms have recently weighed in on QNST. Stephens reissued an "overweight" rating and set a $31.00 target price on shares of QuinStreet in a research report on Thursday, May 8th. Wall Street Zen raised QuinStreet from a "hold" rating to a "buy" rating in a research report on Saturday. Barrington Research restated an "outperform" rating and set a $29.00 price objective on shares of QuinStreet in a report on Wednesday, April 23rd. Finally, Lake Street Capital dropped their price objective on QuinStreet from $27.00 to $19.00 and set a "hold" rating for the company in a report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.00.

Institutional Investors Weigh In On QuinStreet

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of QuinStreet by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 4,027,512 shares of the technology company's stock worth $71,851,000 after buying an additional 25,482 shares during the period. Driehaus Capital Management LLC lifted its holdings in shares of QuinStreet by 13.6% in the 1st quarter. Driehaus Capital Management LLC now owns 3,165,649 shares of the technology company's stock worth $56,475,000 after buying an additional 377,954 shares during the period. American Century Companies Inc. lifted its holdings in shares of QuinStreet by 0.9% in the 1st quarter. American Century Companies Inc. now owns 2,248,579 shares of the technology company's stock worth $40,115,000 after buying an additional 20,011 shares during the period. Geode Capital Management LLC lifted its holdings in shares of QuinStreet by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 1,297,160 shares of the technology company's stock worth $29,933,000 after buying an additional 26,394 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of QuinStreet by 177.8% in the 4th quarter. Invesco Ltd. now owns 946,108 shares of the technology company's stock worth $21,827,000 after buying an additional 605,500 shares during the period. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

QuinStreet Stock Up 0.9%

QNST traded up $0.14 during trading hours on Friday, reaching $15.26. 925,057 shares of the company's stock traded hands, compared to its average volume of 526,384. The firm has a 50-day moving average price of $16.04 and a 200 day moving average price of $19.11. QuinStreet has a 52-week low of $14.39 and a 52-week high of $26.27. The firm has a market capitalization of $861.73 million, a PE ratio of -1,524.48 and a beta of 0.73.

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

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.