QuinStreet (NASDAQ:QNST) Stock Price Expected to Rise, Craig Hallum Analyst Says

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

QNST has been the subject of several other reports. Stephens lifted their target price on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday. Barrington Research reiterated an “outperform” rating and issued a $22.00 price objective on shares of QuinStreet in a report on Friday, August 9th. StockNews.com cut shares of QuinStreet from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Finally, B. Riley upped their price target on shares of QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.00.

QuinStreet Trading Up 5.5 %

NASDAQ QNST opened at $21.32 on Tuesday. The firm has a market capitalization of $1.20 billion, a P/E ratio of -53.30 and a beta of 1.09. The firm’s fifty day moving average price is $19.26 and its two-hundred day moving average price is $18.12. QuinStreet has a 1 year low of $10.41 and a 1 year high of $26.27.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. QuinStreet had a negative net margin of 5.11% and a negative return on equity of 13.00%. The company had revenue of $279.22 million for the quarter, compared to analysts’ expectations of $222.68 million. During the same period in the prior year, the firm earned ($0.19) EPS. QuinStreet’s quarterly revenue was up 125.3% compared to the same quarter last year. On average, research analysts anticipate that QuinStreet will post 0.08 EPS for the current fiscal year.

Institutional Trading of QuinStreet

Several hedge funds and other institutional investors have recently bought and sold shares of the business. First Eagle Investment Management LLC increased its holdings in shares of QuinStreet by 20.2% during the first 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 period. Divisadero Street Capital Management LP bought a new position in QuinStreet during the 2nd quarter worth $6,499,000. Vanguard Group Inc. increased its stake in QuinStreet by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock worth $65,563,000 after acquiring an additional 48,705 shares during the period. Driehaus Capital Management LLC raised its holdings in QuinStreet by 17.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock valued at $25,050,000 after acquiring an additional 225,720 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of QuinStreet by 27.5% during the 2nd quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock valued at $33,763,000 after acquiring an additional 438,947 shares during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

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.