QuinStreet, Inc. (NASDAQ:QNST) Given Average Rating of “Buy” by Brokerages

QuinStreet, Inc. (NASDAQ:QNST) has earned a consensus rating of “Buy” from the four brokerages that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $20.88.

QNST has been the subject of a number of research reports. Singular Research upgraded shares of QuinStreet to a “moderate buy” rating in a report on Tuesday, May 14th. Craig Hallum upgraded shares of QuinStreet from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Tuesday, June 18th. Barrington Research restated an “outperform” rating and set a $22.00 target price on shares of QuinStreet in a report on Monday, July 15th. B. Riley initiated coverage on shares of QuinStreet in a report on Friday, April 19th. They set a “buy” rating and a $21.50 target price for the company. Finally, StockNews.com upgraded shares of QuinStreet to a “sell” rating in a report on Saturday, April 13th.

Hedge Funds Weigh In On QuinStreet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QNST. Vanguard Group Inc. boosted its stake in QuinStreet by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,638,715 shares of the technology company’s stock worth $32,639,000 after purchasing an additional 41,801 shares during the period. SG Americas Securities LLC boosted its stake in QuinStreet by 6.4% in the 4th quarter. SG Americas Securities LLC now owns 15,066 shares of the technology company’s stock worth $193,000 after purchasing an additional 906 shares during the period. Assenagon Asset Management S.A. boosted its stake in QuinStreet by 1,634.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 178,531 shares of the technology company’s stock worth $2,289,000 after purchasing an additional 168,235 shares during the period. Equitable Trust Co. boosted its stake in QuinStreet by 8.9% in the 4th quarter. Equitable Trust Co. now owns 118,945 shares of the technology company’s stock worth $1,525,000 after purchasing an additional 9,770 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in QuinStreet in the 4th quarter worth approximately $332,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

QuinStreet Price Performance

NASDAQ QNST opened at $18.89 on Tuesday. QuinStreet has a 12 month low of $8.08 and a 12 month high of $19.58. The firm has a market capitalization of $1.04 billion, a PE ratio of -12.11 and a beta of 1.16. The company’s 50 day simple moving average is $17.08 and its 200 day simple moving average is $16.16.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data 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 net margin of 15.59% and a negative return on equity of 38.56%. The company had revenue of $168.59 million for the quarter, compared to analyst estimates of $166.54 million. Sell-side analysts anticipate that QuinStreet will post -0.55 earnings per share 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.