QuinStreet (NASDAQ:QNST) Rating Increased to Hold at StockNews.com

QuinStreet (NASDAQ:QNST) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

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

QuinStreet Stock Performance

NASDAQ:QNST opened at $19.13 on Tuesday. The company has a fifty day moving average of $18.63 and a two-hundred day moving average of $17.69. The stock has a market capitalization of $1.07 billion, a PE ratio of -12.26 and a beta of 1.11. QuinStreet has a fifty-two week low of $8.44 and a fifty-two week high of $20.91.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $198.32 million during the quarter, compared to analysts’ expectations of $186.39 million. QuinStreet had a negative net margin of 5.11% and a negative return on equity of 13.00%. The firm’s revenue for the quarter was up 52.2% on a year-over-year basis. During the same period in the prior 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 Investors Weigh In On QuinStreet

A number of hedge funds have recently modified their holdings of QNST. Charles Schwab Investment Management Inc. grew its holdings in shares of QuinStreet by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 431,076 shares of the technology company’s stock valued at $5,526,000 after purchasing an additional 14,520 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of QuinStreet by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,866,930 shares of the technology company’s stock valued at $23,934,000 after purchasing an additional 114,980 shares during the period. Basswood Capital Management L.L.C. grew its holdings in shares of QuinStreet by 20.6% in the fourth 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 period. Nomura Holdings Inc. grew its holdings 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 valued at $4,622,000 after purchasing an additional 60,142 shares during the period. Finally, Mill Road Capital Management LLC grew its holdings in shares of QuinStreet by 21.4% in the fourth quarter. Mill Road Capital Management LLC now owns 583,118 shares of the technology company’s stock valued at $7,476,000 after purchasing an additional 102,971 shares during the period. 97.83% of the stock is currently owned by institutional investors and hedge funds.

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.