QuinStreet, Inc. (NASDAQ:QNST) Receives $20.88 Consensus PT from Brokerages

QuinStreet, Inc. (NASDAQ:QNST) has been assigned a consensus recommendation of “Buy” from the four brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $20.88.

QNST has been the topic of several recent research reports. StockNews.com upgraded QuinStreet to a “sell” rating in a report on Saturday, April 13th. B. Riley began coverage on shares of QuinStreet in a research note on Friday, April 19th. They issued a “buy” rating and a $21.50 price objective on the stock. Singular Research upgraded shares of QuinStreet to a “moderate buy” rating in a report on Tuesday, May 14th. Stephens lifted their price target on QuinStreet from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Finally, Craig Hallum raised QuinStreet from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Tuesday, June 18th.

Institutional Investors Weigh In On QuinStreet

Institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in shares of QuinStreet by 95.2% in the 1st quarter. Janus Henderson Group PLC now owns 44,086 shares of the technology company’s stock worth $778,000 after buying an additional 21,502 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in QuinStreet by 12.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,188 shares of the technology company’s stock worth $269,000 after acquiring an additional 1,694 shares during the period. PEAK6 Investments LLC boosted its position in QuinStreet by 3.4% in the first quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock worth $454,000 after purchasing an additional 843 shares during the last quarter. Roubaix Capital LLC bought a new position in QuinStreet in the 1st quarter valued at $1,780,000. Finally, Vanguard Group Inc. grew its stake in QuinStreet by 1.3% in the 1st 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. 97.83% of the stock is owned by institutional investors.

QuinStreet Stock Up 0.5 %

NASDAQ:QNST opened at $16.05 on Friday. QuinStreet has a twelve month low of $8.08 and a twelve month high of $19.58. The company has a fifty day moving average of $17.36 and a 200-day moving average of $15.60. The firm has a market capitalization of $887.24 million, a P/E ratio of -10.29 and a beta of 1.16.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). QuinStreet had a negative return on equity of 38.56% and a negative net margin of 15.59%. The company had revenue of $168.59 million during the quarter, compared to analyst estimates of $166.54 million. On average, analysts anticipate that QuinStreet will post -0.55 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.