QuinStreet (NASDAQ:QNST) Price Target Raised to $32.00 at Craig Hallum

QuinStreet (NASDAQ:QNST) had its price objective increased by Craig Hallum from $25.00 to $32.00 in a research note published on Tuesday morning,Benzinga reports. Craig Hallum currently has a buy rating on the technology company’s stock.

A number of other analysts also recently issued reports on QNST. Stephens lifted their price target on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday. B. Riley upped their price target on QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a report on Friday, August 9th. StockNews.com cut shares of QuinStreet from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Finally, Barrington Research restated an “outperform” rating and issued a $22.00 target price on shares of QuinStreet in a report on Friday, August 9th. 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.00.

QuinStreet Stock Performance

QNST stock opened at $22.28 on Tuesday. QuinStreet has a fifty-two week low of $10.41 and a fifty-two week high of $26.27. The company’s 50 day moving average price is $19.40 and its 200 day moving average price is $18.18. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -55.70 and a beta of 1.09.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. The company had revenue of $279.22 million for 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 period in the prior year, the firm posted ($0.19) EPS. Equities analysts forecast that QuinStreet will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On QuinStreet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QNST. Louisiana State Employees Retirement System increased its holdings in shares of QuinStreet by 2.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock valued at $438,000 after acquiring an additional 600 shares during the period. State of Alaska Department of Revenue grew its position in QuinStreet by 2.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company’s stock worth $603,000 after purchasing an additional 712 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in QuinStreet by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock valued at $341,000 after purchasing an additional 719 shares during the period. PEAK6 Investments LLC raised its holdings in shares of QuinStreet by 3.4% in the first quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock valued at $454,000 after buying an additional 843 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its stake in shares of QuinStreet by 1.9% during the first quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock worth $806,000 after buying an additional 847 shares during the period. Hedge funds and other 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.