Brokerages Set QuinStreet, Inc. (NASDAQ:QNST) Target Price at $24.50

QuinStreet, Inc. (NASDAQ:QNST) has been given a consensus recommendation of “Hold” by the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $24.50.

A number of equities analysts recently commented on QNST shares. Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Barrington Research set a $24.00 price objective on shares of QuinStreet in a report on Wednesday, October 22nd. Finally, Weiss Ratings cut shares of QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 1st.

QuinStreet Stock Performance

QNST opened at $14.47 on Friday. The business’s 50-day simple moving average is $14.42 and its 200 day simple moving average is $15.29. The firm has a market capitalization of $821.17 million, a PE ratio of 76.16 and a beta of 0.75. QuinStreet has a 52-week low of $12.98 and a 52-week high of $25.50.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.13. The firm had revenue of $285.85 million for the quarter, compared to analyst estimates of $279.73 million. QuinStreet had a return on equity of 6.91% and a net margin of 0.96%.The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 EPS. On average, research analysts forecast that QuinStreet will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in QNST. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of QuinStreet by 11.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,881 shares of the technology company’s stock valued at $337,000 after acquiring an additional 1,966 shares during the period. Mackenzie Financial Corp acquired a new stake in QuinStreet during the first quarter worth approximately $321,000. Natixis Advisors LLC raised its holdings in QuinStreet by 44.0% in the 1st quarter. Natixis Advisors LLC now owns 18,770 shares of the technology company’s stock valued at $335,000 after acquiring an additional 5,735 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of QuinStreet by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 4,027,512 shares of the technology company’s stock worth $71,851,000 after purchasing an additional 25,482 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of QuinStreet by 12.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 572,181 shares of the technology company’s stock worth $10,208,000 after purchasing an additional 62,232 shares during the period. Institutional investors own 97.83% of the company’s stock.

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.