QuinStreet (NASDAQ:QNST) Stock Price Up 4.8%

QuinStreet, Inc. (NASDAQ:QNST)’s share price shot up 4.8% during mid-day trading on Friday . The stock traded as high as $16.07 and last traded at $16.07. 121,888 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 390,403 shares. The stock had previously closed at $15.34.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Singular Research raised QuinStreet to a “moderate buy” rating in a research note on Tuesday, May 14th. Stephens raised their price target on shares of QuinStreet from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Barrington Research reiterated an “outperform” rating and issued a $22.00 price objective on shares of QuinStreet in a report on Tuesday, May 28th. Craig Hallum raised QuinStreet from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Tuesday, June 18th. Finally, B. Riley assumed coverage on QuinStreet in a research note on Friday, April 19th. They issued a “buy” rating and a $21.50 price target on the stock. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, QuinStreet has a consensus rating of “Moderate Buy” and a consensus target price of $20.88.

QuinStreet Trading Up 8.1 %

The stock has a market cap of $917.10 million, a price-to-earnings ratio of -10.51 and a beta of 1.16. The company’s fifty day moving average is $17.41 and its two-hundred day moving average is $15.49.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). QuinStreet had a negative net margin of 15.59% and a negative return on equity of 38.56%. The firm had revenue of $168.59 million during the quarter, compared to analysts’ expectations of $166.54 million. Analysts predict that QuinStreet, Inc. will post -0.55 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Swiss National Bank increased its stake in QuinStreet by 2.7% during the 3rd quarter. Swiss National Bank now owns 113,000 shares of the technology company’s stock worth $1,014,000 after buying an additional 3,000 shares during the period. FMR LLC increased its position in shares of QuinStreet by 46.8% during the third quarter. FMR LLC now owns 1,814,168 shares of the technology company’s stock worth $16,273,000 after acquiring an additional 578,228 shares during the period. Dark Forest Capital Management LP raised its stake in shares of QuinStreet by 11.0% in the third quarter. Dark Forest Capital Management LP now owns 34,040 shares of the technology company’s stock valued at $305,000 after acquiring an additional 3,379 shares in the last quarter. Trexquant Investment LP purchased a new position in QuinStreet in the third quarter valued at $345,000. Finally, Nomura Holdings Inc. boosted its holdings in QuinStreet by 92.2% in the third quarter. Nomura Holdings Inc. now owns 300,401 shares of the technology company’s stock valued at $2,695,000 after purchasing an additional 144,129 shares during the period. 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.