QuinStreet, Inc. (NASDAQ:QNST) Receives $29.00 Average PT from Brokerages

QuinStreet, Inc. (NASDAQ:QNST) has earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $29.00.

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of QuinStreet from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Barrington Research reaffirmed an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a research note on Wednesday, April 23rd. Lake Street Capital dropped their price target on shares of QuinStreet from $27.00 to $19.00 and set a “hold” rating for the company in a research note on Thursday, May 8th. Finally, Stephens reaffirmed an “overweight” rating and set a $31.00 price target on shares of QuinStreet in a research note on Thursday, May 8th.

Institutional Investors Weigh In On QuinStreet

Large investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC purchased a new stake in QuinStreet in the 1st quarter valued at about $25,000. Arcadia Investment Management Corp MI purchased a new stake in shares of QuinStreet in the 4th quarter worth approximately $38,000. PNC Financial Services Group Inc. lifted its position in shares of QuinStreet by 43.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock worth $88,000 after purchasing an additional 1,162 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of QuinStreet in the 4th quarter worth approximately $112,000. Finally, CWM LLC lifted its position in shares of QuinStreet by 326.7% in the 1st quarter. CWM LLC now owns 6,144 shares of the technology company’s stock worth $110,000 after purchasing an additional 4,704 shares during the period. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Stock Performance

Shares of NASDAQ QNST opened at $15.10 on Friday. The company has a market cap of $852.68 million, a P/E ratio of -68.64 and a beta of 0.73. The firm’s fifty day moving average is $16.07 and its two-hundred day moving average is $19.34. QuinStreet has a 52-week low of $14.39 and a 52-week high of $26.27.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.15. QuinStreet had a negative net margin of 1.31% and a negative return on equity of 4.13%. The company had revenue of $269.84 million for the quarter, compared to the consensus estimate of $270.36 million. During the same period in the previous year, the firm posted $0.06 EPS. QuinStreet’s revenue for the quarter was up 60.1% compared to the same quarter last year. As a group, analysts forecast that QuinStreet will post 0.12 EPS for the current fiscal year.

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.