Analysts Set QuinStreet, Inc. (NASDAQ:QNST) Price Target at $22.25

Shares of QuinStreet, Inc. (NASDAQ:QNST) have earned a consensus rating of “Buy” from the four brokerages that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $22.25.

A number of equities research analysts have issued reports on QNST shares. Craig Hallum upped their target price on QuinStreet from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. B. Riley lifted 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 issued a $22.00 price target on shares of QuinStreet in a report on Friday, August 9th.

QuinStreet Trading Up 1.8 %

NASDAQ QNST opened at $19.74 on Wednesday. The stock’s 50-day moving average price is $18.25 and its two-hundred day moving average price is $17.43. The company has a market cap of $1.09 billion, a PE ratio of -12.65 and a beta of 1.11. QuinStreet has a 1 year low of $8.44 and a 1 year high of $20.50.

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

Institutional Trading of QuinStreet

Large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position in QuinStreet by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 431,076 shares of the technology company’s stock valued at $5,526,000 after purchasing an additional 14,520 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in QuinStreet by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,866,930 shares of the technology company’s stock worth $23,934,000 after acquiring an additional 114,980 shares during the period. First Eagle Investment Management LLC lifted its holdings in QuinStreet by 25.1% during the fourth quarter. First Eagle Investment Management LLC now owns 457,023 shares of the technology company’s stock worth $5,859,000 after acquiring an additional 91,687 shares during the period. Allegheny Financial Group LTD lifted its holdings in QuinStreet by 8.3% during the fourth quarter. Allegheny Financial Group LTD now owns 166,453 shares of the technology company’s stock worth $2,134,000 after acquiring an additional 12,708 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of QuinStreet in the fourth quarter valued at $609,000. 97.83% of the stock is owned by institutional investors and hedge funds.

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.