Brokerages Set QuinStreet, Inc. (NASDAQ:QNST) PT at $20.88

Shares of QuinStreet, Inc. (NASDAQ:QNST) have been given a consensus rating of “Buy” by the four analysts that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have covered the stock in the last year is $20.88.

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

QuinStreet Stock Performance

Shares of QuinStreet stock opened at $18.72 on Tuesday. QuinStreet has a one year low of $8.08 and a one year high of $19.58. The company has a market cap of $1.03 billion, a P/E ratio of -12.00 and a beta of 1.16. The firm has a fifty day moving average of $17.09 and a two-hundred day moving average of $16.24.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The firm had revenue of $168.59 million for the quarter, compared to analyst estimates 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, equities analysts predict that QuinStreet will post -0.55 earnings per share for the current year.

Institutional Investors Weigh In On QuinStreet

A number of large investors have recently added to or reduced their stakes in the business. Naples Money Management LLC purchased a new stake in shares of QuinStreet in the fourth quarter valued at about $38,000. SageView Advisory Group LLC acquired a new stake in QuinStreet during the 1st quarter valued at $60,000. RiverPark Advisors LLC purchased a new position in QuinStreet during the first quarter worth $127,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of QuinStreet by 57.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,722 shares of the technology company’s stock worth $163,000 after acquiring an additional 4,647 shares during the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of QuinStreet in the fourth quarter valued at $165,000. 97.83% of the stock is owned by institutional investors and hedge funds.

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.