QuinStreet (NASDAQ:QNST) Trading 7.4% Higher – Still a Buy?

QuinStreet, Inc. (NASDAQ:QNST) was up 7.4% during trading on Wednesday . The stock traded as high as $20.74 and last traded at $20.68. Approximately 57,688 shares traded hands during trading, a decline of 85% from the average daily volume of 391,099 shares. The stock had previously closed at $19.26.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. B. Riley boosted their price objective on QuinStreet from $21.50 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 9th. StockNews.com lowered shares of QuinStreet from a “hold” rating to a “sell” rating in a research report on Thursday. Barrington Research reiterated an “outperform” rating and set a $22.00 price objective on shares of QuinStreet in a research report on Friday, August 9th. Finally, Craig Hallum upped their price objective on QuinStreet from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $22.25.

QuinStreet Price Performance

The stock has a fifty day moving average price of $19.16 and a 200 day moving average price of $18.02.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data 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. The firm had revenue of $198.32 million for the quarter, compared to analysts’ expectations of $186.39 million. QuinStreet had a negative net margin of 5.11% and a negative return on equity of 13.00%. The business’s quarterly revenue was up 52.2% on a year-over-year basis. During the same quarter last year, the company posted ($1.03) EPS. On average, research analysts anticipate that QuinStreet, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On QuinStreet

Several hedge funds have recently bought and sold shares of QNST. Vanguard Group Inc. boosted its holdings in shares of QuinStreet by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock valued at $65,563,000 after purchasing an additional 48,705 shares during the last quarter. American Century Companies Inc. raised 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 buying an additional 438,947 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of QuinStreet by 0.8% in the 1st quarter. William Blair Investment Management LLC now owns 1,530,761 shares of the technology company’s stock valued at $27,033,000 after acquiring an additional 12,058 shares during the last quarter. Driehaus Capital Management LLC grew its position in QuinStreet by 17.6% in the second quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock worth $25,050,000 after acquiring an additional 225,720 shares in the last quarter. Finally, Millennium Management LLC raised its position in QuinStreet by 7.5% during the second quarter. Millennium Management LLC now owns 804,223 shares of the technology company’s stock valued at $13,342,000 after purchasing an additional 55,889 shares during the period. Institutional investors 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.