QuinStreet (NASDAQ:QNST) Price Target Raised to $32.00

QuinStreet (NASDAQ:QNST) had its target price hoisted by Craig Hallum from $25.00 to $32.00 in a report issued on Tuesday morning,Benzinga reports. Craig Hallum currently has a buy rating on the technology company’s stock.

Several other analysts have also commented on the stock. Barrington Research reaffirmed an “outperform” rating and set a $22.00 price target on shares of QuinStreet in a research report on Friday, August 9th. B. Riley lifted their target price on QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a research report on Friday, August 9th. StockNews.com lowered QuinStreet from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Finally, Stephens raised their price objective on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

QuinStreet Stock Down 2.5 %

Shares of NASDAQ:QNST opened at $22.28 on Tuesday. QuinStreet has a 52-week low of $10.41 and a 52-week high of $26.27. The stock has a market cap of $1.25 billion, a P/E ratio of -55.70 and a beta of 1.09. The business has a fifty day moving average of $19.40 and a two-hundred day moving average of $18.18.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.83%. The firm had revenue of $279.22 million during the quarter, compared to analyst estimates of $222.68 million. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. QuinStreet’s quarterly revenue was up 125.3% on a year-over-year basis. On average, equities analysts anticipate that QuinStreet will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On QuinStreet

A number of institutional investors have recently modified their holdings of QNST. First Eagle Investment Management LLC boosted its holdings in QuinStreet by 20.2% during the 1st quarter. First Eagle Investment Management LLC now owns 549,223 shares of the technology company’s stock valued at $9,699,000 after acquiring an additional 92,200 shares during the period. Divisadero Street Capital Management LP acquired a new stake in shares of QuinStreet during the second quarter worth about $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 valued at $65,563,000 after purchasing an additional 48,705 shares during the period. Driehaus Capital Management LLC grew its holdings in shares of QuinStreet by 17.6% in the second quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock valued at $25,050,000 after purchasing an additional 225,720 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in QuinStreet by 27.5% during the 2nd quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock worth $33,763,000 after buying an additional 438,947 shares during the period. 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.