QuinStreet (NASDAQ:QNST) Price Target Raised to $25.00 at Craig Hallum

QuinStreet (NASDAQ:QNST) had its price objective upped by Craig Hallum from $22.00 to $25.00 in a research report released on Friday morning, Benzinga reports. Craig Hallum currently has a buy rating on the technology company’s stock.

Other equities research analysts have also issued reports about the company. StockNews.com raised QuinStreet to a sell rating in a research note on Saturday, April 13th. Barrington Research reiterated an outperform rating and set a $22.00 target price on shares of QuinStreet in a research report on Monday, July 15th. B. Riley assumed coverage on shares of QuinStreet in a report on Friday, April 19th. They issued a buy rating and a $21.50 price target on the stock. Finally, Singular Research raised shares of QuinStreet to a moderate buy rating in a research note on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $22.25.

QuinStreet Trading Down 8.1 %

NASDAQ:QNST traded down $1.50 during midday trading on Friday, hitting $17.07. 989,248 shares of the company traded hands, compared to its average volume of 427,092. The firm’s fifty day moving average is $17.12 and its 200-day moving average is $16.62. The firm has a market capitalization of $943.63 million, a P/E ratio of -10.94 and a beta of 1.16. QuinStreet has a 12-month low of $8.44 and a 12-month high of $20.50.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported ($0.13) earnings per share 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 firm had revenue of $168.59 million during the quarter, compared to analysts’ expectations of $166.54 million. On average, research analysts expect that QuinStreet will post -0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On QuinStreet

Several institutional investors have recently bought and sold shares of QNST. Dynamic Technology Lab Private Ltd acquired a new position in QuinStreet during the 4th quarter valued at approximately $609,000. Basswood Capital Management L.L.C. grew its stake in QuinStreet by 20.6% during the 4th quarter. Basswood Capital Management L.L.C. now owns 1,007,188 shares of the technology company’s stock valued at $12,912,000 after purchasing an additional 171,838 shares during the last quarter. SVB Wealth LLC increased its holdings in shares of QuinStreet by 68.1% in the fourth quarter. SVB Wealth LLC now owns 273,356 shares of the technology company’s stock valued at $3,504,000 after purchasing an additional 110,766 shares during the period. Nomura Holdings Inc. raised its stake in shares of QuinStreet by 20.0% in the fourth quarter. Nomura Holdings Inc. now owns 360,543 shares of the technology company’s stock worth $4,622,000 after purchasing an additional 60,142 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of QuinStreet by 20.2% during the first quarter. First Eagle Investment Management LLC now owns 549,223 shares of the technology company’s stock worth $9,699,000 after purchasing an additional 92,200 shares during the period. 97.83% of the stock is owned by hedge funds and other institutional investors.

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.