Craig Hallum Issues Positive Forecast for QuinStreet (NASDAQ:QNST) Stock Price

QuinStreet (NASDAQ:QNST) had its price target upped by Craig Hallum from $25.00 to $32.00 in a report published on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other brokerages have also issued reports on QNST. StockNews.com lowered shares of QuinStreet from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. B. Riley boosted their target price on QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and set a $22.00 price target on shares of QuinStreet in a research report on Friday, August 9th. Finally, Stephens boosted their price objective on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

QuinStreet Trading Up 5.5 %

NASDAQ QNST opened at $21.32 on Tuesday. QuinStreet has a 12 month low of $10.41 and a 12 month high of $26.27. The stock has a 50-day simple moving average of $19.26 and a 200 day simple moving average of $18.12. The company has a market capitalization of $1.20 billion, a PE ratio of -53.30 and a beta of 1.09.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The company had revenue of $279.22 million during the quarter, compared to analysts’ expectations of $222.68 million. During the same period in the prior year, the business posted ($0.19) EPS. QuinStreet’s revenue was up 125.3% on a year-over-year basis. As a group, sell-side analysts predict that QuinStreet will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. US Bancorp DE boosted its position in QuinStreet by 880.3% during the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,250 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of QuinStreet by 2.3% in the third quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company’s stock worth $603,000 after purchasing an additional 712 shares in the last quarter. Riverwater Partners LLC acquired a new position in QuinStreet during the third quarter worth $289,000. Everence Capital Management Inc. bought a new position in QuinStreet in the third quarter valued at $303,000. Finally, Inspire Investing LLC bought a new stake in QuinStreet during the 3rd quarter worth about $817,000. 97.83% of the stock is currently owned by 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.