QuinStreet (NASDAQ:QNST) Price Target Raised to $29.00 at Barrington Research

QuinStreet (NASDAQ:QNST) had its price target boosted by Barrington Research from $22.00 to $29.00 in a research report released on Tuesday, Benzinga reports. Barrington Research currently has an outperform rating on the technology company’s stock.

A number of other equities analysts have also recently commented on QNST. B. Riley boosted their price target on shares of QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday. StockNews.com downgraded QuinStreet from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Craig Hallum upped their price objective on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Stephens raised their price objective on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, QuinStreet currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

QuinStreet Price Performance

NASDAQ QNST opened at $21.32 on Tuesday. The company’s 50 day simple moving average is $19.26 and its two-hundred day simple moving average is $18.12. The stock has a market capitalization of $1.20 billion, a PE ratio of -53.30 and a beta of 1.09. QuinStreet has a 1 year low of $10.41 and a 1 year high of $26.27.

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

Institutional Trading of QuinStreet

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE raised 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 valued at $27,000 after buying an additional 1,250 shares during the last quarter. Quarry LP raised 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 last quarter. SageView Advisory Group LLC purchased a new stake in shares of QuinStreet during the first quarter worth about $60,000. Victory Capital Management Inc. bought a new stake in shares of QuinStreet in the second quarter worth about $175,000. Finally, ProShare Advisors LLC purchased a new position in QuinStreet during the 1st quarter valued at about $188,000. Institutional investors own 97.83% of the company’s stock.

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.