B. Riley Issues Positive Forecast for QuinStreet (NASDAQ:QNST) Stock Price

QuinStreet (NASDAQ:QNST) had its price target upped by B. Riley from $24.00 to $32.00 in a research note issued to investors on Tuesday,Benzinga reports. B. Riley currently has a buy rating on the technology company’s stock.

Several other equities analysts have also issued reports on the company. Craig Hallum lifted their price target on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday. StockNews.com cut shares of QuinStreet from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Stephens increased their price target on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Barrington Research reissued an “outperform” rating and set a $22.00 price target on shares of QuinStreet in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

QuinStreet Stock Performance

Shares of NASDAQ QNST opened at $22.50 on Tuesday. The company has a 50 day simple moving average of $19.47 and a two-hundred day simple moving average of $18.22. QuinStreet has a fifty-two week low of $10.46 and a fifty-two week high of $26.27. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -56.25 and a beta of 1.09.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results 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 company had revenue of $279.22 million for the quarter, compared to the consensus estimate of $222.68 million. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The firm’s quarterly revenue was up 125.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.19) EPS. On average, analysts forecast that QuinStreet will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of QuinStreet

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in QuinStreet by 1.3% during the first quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock valued at $65,563,000 after purchasing an additional 48,705 shares during the period. American Century Companies Inc. lifted its holdings 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. William Blair Investment Management LLC lifted its holdings in shares of QuinStreet by 0.8% during the 1st quarter. William Blair Investment Management LLC now owns 1,530,761 shares of the technology company’s stock valued at $27,033,000 after buying an additional 12,058 shares during the period. Driehaus Capital Management LLC boosted its stake in shares of QuinStreet by 17.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock worth $25,050,000 after buying an additional 225,720 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of QuinStreet by 7.5% in the second quarter. Millennium Management LLC now owns 804,223 shares of the technology company’s stock worth $13,342,000 after acquiring an additional 55,889 shares during the period. 97.83% of the stock is currently owned by institutional investors.

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.