QuinStreet, Inc. (NASDAQ:QNST) Given Average Recommendation of “Buy” by Analysts

Shares of QuinStreet, Inc. (NASDAQ:QNST) have received an average recommendation of “Buy” from the four analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have covered the stock in the last year is $22.25.

Several analysts have commented on QNST shares. StockNews.com lowered shares of QuinStreet from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. B. Riley upped their price objective 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 restated an “outperform” rating and issued a $22.00 target price on shares of QuinStreet in a research note on Friday, August 9th. Finally, Craig Hallum increased their price target on QuinStreet from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 9th.

Institutional Investors Weigh In On QuinStreet

Hedge funds and other institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System grew its stake in QuinStreet by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock valued at $438,000 after acquiring an additional 600 shares in the last quarter. State of Alaska Department of Revenue raised 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 buying an additional 712 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in QuinStreet by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock valued at $341,000 after buying an additional 719 shares during the period. PEAK6 Investments LLC grew its position in QuinStreet by 3.4% during the first quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock worth $454,000 after buying an additional 843 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in QuinStreet by 1.9% in the 1st quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock worth $806,000 after acquiring an additional 847 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors.

QuinStreet Trading Up 1.5 %

Shares of NASDAQ:QNST opened at $20.20 on Thursday. The stock has a market cap of $1.13 billion, a PE ratio of -35.44 and a beta of 1.09. The stock’s fifty day simple moving average is $19.23 and its two-hundred day simple moving average is $18.09. QuinStreet has a 1-year low of $10.41 and a 1-year high of $21.89.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. The business 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 firm’s revenue for the quarter was up 52.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.03) earnings per share. On average, sell-side analysts forecast that QuinStreet will post 0.08 earnings per share for the current fiscal year.

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.