QuinStreet (NASDAQ:QNST) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of QuinStreet (NASDAQ:QNST) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other brokerages have also recently issued reports on QNST. Stephens reaffirmed an “overweight” rating and set a $31.00 target price on shares of QuinStreet in a research report on Thursday, May 8th. Lake Street Capital decreased their price objective on shares of QuinStreet from $27.00 to $19.00 and set a “hold” rating for the company in a report on Thursday, May 8th. Finally, Barrington Research restated an “outperform” rating and set a $29.00 price target on shares of QuinStreet in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, QuinStreet currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

QuinStreet Trading Up 1.6%

Shares of NASDAQ:QNST opened at $15.51 on Friday. The stock has a market capitalization of $875.85 million, a PE ratio of -1,549.45 and a beta of 0.74. QuinStreet has a 1 year low of $14.39 and a 1 year high of $26.27. The firm has a fifty day moving average price of $16.05 and a 200 day moving average price of $19.04.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.15. The company had revenue of $269.84 million during the quarter, compared to the consensus estimate of $270.36 million. QuinStreet had a positive return on equity of 1.08% and a negative net margin of 0.06%. The firm’s revenue was up 60.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 EPS. On average, sell-side analysts forecast that QuinStreet will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On QuinStreet

Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its holdings in QuinStreet by 43.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,162 shares during the period. Illinois Municipal Retirement Fund lifted its stake in shares of QuinStreet by 4.1% in the first quarter. Illinois Municipal Retirement Fund now owns 31,717 shares of the technology company’s stock valued at $566,000 after buying an additional 1,247 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of QuinStreet by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock valued at $571,000 after buying an additional 1,381 shares during the period. Summit Securities Group LLC bought a new stake in shares of QuinStreet in the 1st quarter worth approximately $25,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of QuinStreet in the 4th quarter worth approximately $38,000. 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.