Barrington Research Issues Positive Forecast for QuinStreet (NASDAQ:QNST) Stock Price

QuinStreet (NASDAQ:QNST) had its price objective raised by Barrington Research from $22.00 to $29.00 in a research note published on Tuesday, Benzinga reports. Barrington Research currently has an outperform rating on the technology company’s stock.

Several other equities research analysts have also commented on QNST. StockNews.com lowered shares of QuinStreet from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. B. Riley boosted their price target on QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday. Stephens raised their price objective on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Craig Hallum boosted their target price on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.00.

QuinStreet Stock Performance

Shares of NASDAQ:QNST opened at $21.32 on Tuesday. The firm has a market capitalization of $1.20 billion, a P/E ratio of -53.30 and a beta of 1.09. The stock has a 50 day moving average price of $19.26 and a 200-day moving average price of $18.12. QuinStreet has a 52-week low of $10.41 and a 52-week high of $26.27.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.07. The company had revenue of $279.22 million for the quarter, compared to analysts’ expectations of $222.68 million. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The firm’s revenue for the quarter was up 125.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.19) earnings per share. On average, equities analysts forecast that QuinStreet will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of QNST. US Bancorp DE raised its position in QuinStreet by 880.3% in the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after buying an additional 1,250 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of QuinStreet by 2.3% in the third quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company’s stock worth $603,000 after acquiring an additional 712 shares during the period. Riverwater Partners LLC purchased a new position in shares of QuinStreet during the third quarter valued at approximately $289,000. Everence Capital Management Inc. bought a new position in QuinStreet during the third quarter valued at approximately $303,000. Finally, Inspire Investing LLC purchased a new stake in QuinStreet in the third quarter worth approximately $817,000. 97.83% of the stock is owned by 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.