QuinStreet (NASDAQ:QNST) Upgraded at StockNews.com

StockNews.com upgraded shares of QuinStreet (NASDAQ:QNST) from a sell rating to a hold rating in a report published on Thursday morning.

Several other research analysts also recently commented on the stock. Craig Hallum lifted their price target on shares of QuinStreet from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. B. Riley boosted their price target on shares of QuinStreet from $21.50 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Barrington Research reiterated an “outperform” rating and issued a $22.00 price objective on shares of QuinStreet in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

QuinStreet Trading Down 0.2 %

QuinStreet stock opened at $19.20 on Thursday. QuinStreet has a 1-year low of $9.89 and a 1-year high of $20.91. The firm has a market capitalization of $1.08 billion, a PE ratio of -33.68 and a beta of 1.11. The firm’s 50 day simple moving average is $18.78 and its 200 day simple moving average is $17.90.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $198.32 million for the quarter, compared to the consensus estimate of $186.39 million. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The firm’s revenue was up 52.2% compared to the same quarter last year. During the same quarter last year, the business posted ($1.03) earnings per share. Research analysts forecast that QuinStreet will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in QNST. BNP Paribas Financial Markets increased its position in shares of QuinStreet by 33.5% during the first quarter. BNP Paribas Financial Markets now owns 47,254 shares of the technology company’s stock valued at $835,000 after buying an additional 11,857 shares during the period. RiverPark Advisors LLC purchased a new stake in shares of QuinStreet in the 1st quarter worth about $127,000. Texas Permanent School Fund Corp lifted its position in QuinStreet by 1.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock valued at $806,000 after acquiring an additional 847 shares during the period. ProShare Advisors LLC purchased a new stake in shares of QuinStreet in the 1st quarter worth approximately $188,000. Finally, William Blair Investment Management LLC boosted its holdings in QuinStreet by 0.8% in the first quarter. William Blair Investment Management LLC now owns 1,530,761 shares of the technology company’s stock worth $27,033,000 after acquiring an additional 12,058 shares in the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.

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.