QuinStreet (NASDAQ:QNST) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of QuinStreet (NASDAQ:QNST) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

A number of other analysts have also weighed in on QNST. B. Riley raised their target price on QuinStreet from $21.50 to $24.00 and gave the company a buy rating in a research note on Friday, August 9th. Craig Hallum boosted their target price on shares of QuinStreet from $22.00 to $25.00 and gave the stock a buy rating in a research note on Friday, August 9th. Finally, Barrington Research reissued an outperform rating and set a $22.00 price target on shares of QuinStreet in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, QuinStreet presently has a consensus rating of Moderate Buy and a consensus target price of $22.25.

QuinStreet Stock Up 2.5 %

Shares of QNST stock opened at $19.13 on Tuesday. The company has a market capitalization of $1.07 billion, a P/E ratio of -12.26 and a beta of 1.11. QuinStreet has a 12-month low of $8.44 and a 12-month high of $20.91. The firm has a 50-day moving average price of $18.66 and a 200 day moving average price of $17.77.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Thursday, August 8th. The technology company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The business had revenue of $198.32 million for the quarter, compared to the consensus estimate of $186.39 million. During the same period in the previous year, the business earned ($1.03) EPS. QuinStreet’s revenue was up 52.2% compared to the same quarter last year. As a group, research analysts expect that QuinStreet will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On QuinStreet

Several institutional investors have recently modified their holdings of QNST. Quarry LP lifted its holdings in QuinStreet by 11,330.0% in the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after buying an additional 2,266 shares during the period. SageView Advisory Group LLC bought a new stake in shares of QuinStreet during the 1st quarter valued at $60,000. RiverPark Advisors LLC acquired a new position in shares of QuinStreet in the 1st quarter valued at $127,000. Victory Capital Management Inc. bought a new position in shares of QuinStreet in the 2nd quarter worth $175,000. Finally, ProShare Advisors LLC acquired a new stake in shares of QuinStreet during the first quarter worth $188,000. Institutional investors and hedge funds 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.