Analysts Set QuinStreet, Inc. (NASDAQ:QNST) Price Target at $22.25

Shares of QuinStreet, Inc. (NASDAQ:QNST) have earned a consensus recommendation of “Buy” from the four brokerages that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued a report on the stock in the last year is $22.25.

A number of equities research analysts have recently issued reports on QNST shares. Singular Research raised shares of QuinStreet to a “moderate buy” rating in a report on Tuesday, May 14th. StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. Craig Hallum boosted their target price on QuinStreet from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Barrington Research reissued an “outperform” rating and set a $22.00 target price on shares of QuinStreet in a report on Friday, August 9th. Finally, B. Riley boosted their target price on QuinStreet from $21.50 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 9th.

QuinStreet Stock Up 1.0 %

QNST stock opened at $17.45 on Friday. The company has a market cap of $964.58 million, a price-to-earnings ratio of -11.19 and a beta of 1.16. QuinStreet has a twelve month low of $8.44 and a twelve month high of $20.50. The business has a 50 day moving average price of $17.15 and a two-hundred day moving average price of $16.86.

QuinStreet (NASDAQ:QNST) last released its earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. QuinStreet had a negative net margin of 5.11% and a negative return on equity of 13.00%. The business had revenue of $198.32 million during the quarter, compared to analysts’ expectations of $186.39 million. During the same period last year, the business earned ($1.03) earnings per share. The firm’s revenue was up 52.2% on a year-over-year basis. On average, equities research analysts anticipate that QuinStreet will post 0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its holdings in QuinStreet by 2.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock valued at $438,000 after buying an additional 600 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of QuinStreet by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock valued at $341,000 after acquiring an additional 719 shares during the period. PEAK6 Investments LLC lifted its position in shares of QuinStreet by 3.4% during the 1st quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock valued at $454,000 after acquiring an additional 843 shares during the period. Texas Permanent School Fund Corp lifted its position in shares of QuinStreet by 1.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock valued at $806,000 after acquiring an additional 847 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its position in shares of QuinStreet by 2.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 31,109 shares of the technology company’s stock valued at $399,000 after acquiring an additional 860 shares during the period. 97.83% of the stock is owned by institutional investors and hedge funds.

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.