QuinStreet (NASDAQ:QNST) Price Target Raised to $25.00

QuinStreet (NASDAQ:QNST) had its price objective boosted by Lake Street Capital from $20.00 to $25.00 in a research note published on Tuesday,Benzinga reports. They currently have a hold rating on the technology company’s stock.

QNST has been the topic of a number of other reports. B. Riley boosted their price objective on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday. Stephens boosted their target price on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday. Barrington Research increased their target price on shares of QuinStreet from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday. Craig Hallum boosted their price target on shares of QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, StockNews.com lowered shares of QuinStreet from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. 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 stock. Based on data from MarketBeat, QuinStreet currently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

QuinStreet Trading Down 2.5 %

QNST opened at $22.28 on Tuesday. The stock has a market cap of $1.25 billion, a PE ratio of -55.70 and a beta of 1.09. QuinStreet has a 1 year low of $10.41 and a 1 year high of $26.27. The stock’s 50 day simple moving average is $19.40 and its 200-day simple moving average is $18.18.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data 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. The business had revenue of $279.22 million for the quarter, compared to analysts’ expectations of $222.68 million. QuinStreet had a negative return on equity of 8.83% and a negative net margin of 2.88%. QuinStreet’s quarterly revenue was up 125.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.19) earnings per share. Equities analysts forecast that QuinStreet will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of QuinStreet

Hedge funds have recently modified their holdings of the stock. US Bancorp DE lifted its holdings 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 buying an additional 1,250 shares in the last quarter. Quarry LP lifted its stake in shares of QuinStreet by 11,330.0% during the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after acquiring an additional 2,266 shares during the period. SageView Advisory Group LLC bought a new position in QuinStreet in the first quarter valued at about $60,000. Victory Capital Management Inc. acquired a new stake in QuinStreet in the second quarter worth about $175,000. Finally, ProShare Advisors LLC bought a new stake in QuinStreet during the 1st quarter worth about $188,000. 97.83% of the stock is owned by institutional investors.

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.