Stephens Raises QuinStreet (NASDAQ:QNST) Price Target to $27.00

QuinStreet (NASDAQ:QNST) had its target price increased by stock analysts at Stephens from $23.00 to $27.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Stephens’ price objective indicates a potential upside of 18.16% from the company’s current price.

A number of other research analysts have also commented on the stock. StockNews.com lowered shares of QuinStreet from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Craig Hallum lifted their price target on QuinStreet from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, August 9th. B. Riley upped their price objective on QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $22.00 target price on shares of QuinStreet in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

QuinStreet Stock Performance

Shares of QNST stock opened at $22.85 on Tuesday. QuinStreet has a 1 year low of $10.41 and a 1 year high of $26.27. The firm has a market capitalization of $1.28 billion, a PE ratio of -57.13 and a beta of 1.09. The stock has a fifty day moving average of $19.34 and a two-hundred day moving average of $18.15.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.07. The business had revenue of $279.22 million during the quarter, compared to the consensus estimate of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.83%. The company’s quarterly revenue was up 125.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.19) earnings per share. Equities research analysts predict that QuinStreet will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its stake in shares of QuinStreet by 27.5% during the 2nd quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock valued at $33,763,000 after buying an additional 438,947 shares during the period. Divisadero Street Capital Management LP acquired a new stake in QuinStreet during the second quarter valued at $6,499,000. Driehaus Capital Management LLC grew its stake in QuinStreet by 17.6% in the second quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock valued at $25,050,000 after purchasing an additional 225,720 shares in the last quarter. Squarepoint Ops LLC increased its position in QuinStreet by 248.7% in the 2nd quarter. Squarepoint Ops LLC now owns 174,367 shares of the technology company’s stock worth $2,893,000 after purchasing an additional 124,367 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in QuinStreet in the 2nd quarter worth about $1,766,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

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.