QuinStreet, Inc. (NASDAQ:QNST) Receives Consensus Rating of “Buy” from Analysts

Shares of QuinStreet, Inc. (NASDAQ:QNST) have been given a consensus recommendation of “Buy” by the four analysts that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $20.88.

A number of analysts recently weighed in on the stock. StockNews.com raised shares of QuinStreet to a “sell” rating in a report on Saturday, April 13th. Barrington Research restated an “outperform” rating and issued a $22.00 price target on shares of QuinStreet in a research note on Monday, July 15th. Craig Hallum upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, June 18th. B. Riley started coverage on QuinStreet in a research report on Friday, April 19th. They issued a “buy” rating and a $21.50 target price on the stock. Finally, Singular Research raised QuinStreet to a “moderate buy” rating in a research note on Tuesday, May 14th.

Institutional Investors Weigh In On QuinStreet

Institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of QuinStreet in the 4th quarter worth $609,000. Basswood Capital Management L.L.C. lifted its holdings in QuinStreet by 20.6% in the 4th quarter. Basswood Capital Management L.L.C. now owns 1,007,188 shares of the technology company’s stock valued at $12,912,000 after acquiring an additional 171,838 shares during the last quarter. SVB Wealth LLC lifted its holdings in QuinStreet by 68.1% in the 4th quarter. SVB Wealth LLC now owns 273,356 shares of the technology company’s stock valued at $3,504,000 after acquiring an additional 110,766 shares during the last quarter. Nomura Holdings Inc. grew its stake in shares of QuinStreet by 20.0% in the 4th quarter. Nomura Holdings Inc. now owns 360,543 shares of the technology company’s stock worth $4,622,000 after purchasing an additional 60,142 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of QuinStreet by 20.2% in the 1st quarter. First Eagle Investment Management LLC now owns 549,223 shares of the technology company’s stock worth $9,699,000 after purchasing an additional 92,200 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

QuinStreet Trading Down 0.9 %

NASDAQ:QNST opened at $18.72 on Tuesday. The stock has a 50 day moving average of $17.09 and a 200-day moving average of $16.24. The firm has a market capitalization of $1.03 billion, a PE ratio of -12.00 and a beta of 1.16. QuinStreet has a 52 week low of $8.08 and a 52 week high of $19.58.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Wednesday, May 8th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The company had revenue of $168.59 million for the quarter, compared to the consensus estimate of $166.54 million. QuinStreet had a negative return on equity of 38.56% and a negative net margin of 15.59%. As a group, analysts predict that QuinStreet will post -0.55 EPS for the current fiscal year.

About QuinStreet

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.