Lake Street Capital Issues Positive Forecast for QuinStreet (NASDAQ:QNST) Stock Price

QuinStreet (NASDAQ:QNST) had its target price boosted by Lake Street Capital from $20.00 to $25.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. Lake Street Capital’s price objective suggests a potential upside of 17.26% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Stephens boosted their price objective on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday. Barrington Research boosted their price target on QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday. Craig Hallum upped their price objective on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday. StockNews.com lowered shares of QuinStreet from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Finally, B. Riley raised their price target on shares of QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

QuinStreet Stock Up 5.5 %

Shares of QuinStreet stock traded up $1.12 on Tuesday, reaching $21.32. 3,114,850 shares of the stock were exchanged, compared to its average volume of 409,122. The business has a 50 day moving average price of $19.23 and a two-hundred day moving average price of $18.09. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -37.40 and a beta of 1.09. QuinStreet has a twelve month low of $10.41 and a twelve month high of $26.27.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.15 by $0.07. QuinStreet had a negative net margin of 5.11% and a negative return on equity of 13.00%. The business had revenue of $279.22 million during the quarter, compared to analysts’ expectations of $222.68 million. During the same period in the previous year, the business posted ($0.19) EPS. The business’s quarterly revenue was up 125.3% compared to the same quarter last year. Research analysts forecast that QuinStreet will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in QNST. First Eagle Investment Management LLC boosted its holdings in QuinStreet by 20.2% in the 1st quarter. First Eagle Investment Management LLC now owns 549,223 shares of the technology company’s stock worth $9,699,000 after buying an additional 92,200 shares during the last quarter. Divisadero Street Capital Management LP purchased a new position in shares of QuinStreet in the second quarter valued at approximately $6,499,000. Vanguard Group Inc. boosted its stake in shares of QuinStreet by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock worth $65,563,000 after acquiring an additional 48,705 shares during the last quarter. Driehaus Capital Management LLC increased its position in shares of QuinStreet by 17.6% during the second quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock worth $25,050,000 after purchasing an additional 225,720 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of QuinStreet by 27.5% during the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock worth $33,763,000 after purchasing an additional 438,947 shares in the last quarter. Hedge funds and other institutional investors 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.