Brokerages Set QuinStreet, Inc. (NASDAQ:QNST) PT at $20.88

QuinStreet, Inc. (NASDAQ:QNST) has earned a consensus rating of “Buy” from the four analysts that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $20.88.

QNST has been the subject of a number of research analyst reports. B. Riley initiated coverage on QuinStreet in a report on Friday, April 19th. They issued a “buy” rating and a $21.50 target price for the company. StockNews.com raised QuinStreet to a “sell” rating in a research report on Saturday, April 13th. Barrington Research restated an “outperform” rating and set a $22.00 target price on shares of QuinStreet in a research note on Tuesday, May 28th. Craig Hallum upgraded shares of QuinStreet from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Tuesday, June 18th. Finally, Stephens increased their price objective on shares of QuinStreet from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, March 15th.

QuinStreet Price Performance

Shares of QuinStreet stock opened at $16.05 on Friday. The stock has a market cap of $887.24 million, a price-to-earnings ratio of -10.29 and a beta of 1.16. QuinStreet has a 1 year low of $8.08 and a 1 year high of $19.58. The firm’s 50-day moving average is $17.36 and its 200 day moving average is $15.60.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). QuinStreet had a negative net margin of 15.59% and a negative return on equity of 38.56%. The firm had revenue of $168.59 million for the quarter, compared to analysts’ expectations of $166.54 million. On average, equities analysts expect that QuinStreet will post -0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On QuinStreet

Several institutional investors have recently made changes to their positions in QNST. Janus Henderson Group PLC grew its position in QuinStreet by 95.2% during the first quarter. Janus Henderson Group PLC now owns 44,086 shares of the technology company’s stock valued at $778,000 after buying an additional 21,502 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of QuinStreet by 12.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,188 shares of the technology company’s stock worth $269,000 after acquiring an additional 1,694 shares during the last quarter. PEAK6 Investments LLC boosted its stake in shares of QuinStreet by 3.4% during the 1st quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock worth $454,000 after acquiring an additional 843 shares during the last quarter. Roubaix Capital LLC purchased a new stake in shares of QuinStreet in the 1st quarter worth $1,780,000. Finally, Vanguard Group Inc. increased its stake in shares of QuinStreet by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock worth $65,563,000 after purchasing an additional 48,705 shares in the last quarter. 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.