QuinStreet (NASDAQ:QNST) Rating Increased to Hold at StockNews.com
StockNews.com upgraded QuinStreet (NASDAQ:QNST) from a "sell" to a "hold" rating. Other analysts, including Barrington Research and Craig Hallum, have given positive ratings and increased price targets. QuinStreet's stock is currently rated as a "Moderate Buy" with an average target price of $0.25. The company reported a 52.2% year-over-year revenue increase, with a recent EPS of $0.11, surpassing estimates. Institutional investors hold 97.83% of the stock, indicating strong investor confidence.
QuinStreet (NASDAQ:QNST - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Tuesday.
- Quinstreet Stock is a Turnaround Play
Several other analysts also recently commented on the stock. Barrington Research reaffirmed an "outperform" rating and issued a $22.00 price objective on shares of QuinStreet in a report on Friday, August 9th. Craig Hallum upped their price objective on shares of QuinStreet from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, August 9th. Finally, B. Riley upped their price objective on shares of QuinStreet from $21.50 to $24.00 and gave the company a "buy" rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, QuinStreet currently has an average rating of "Moderate Buy" and an average target price of $22.25.
Check Out Our Latest Analysis on QNST
QuinStreet Trading Up 0.7 %
NASDAQ:QNST opened at $19.13 on Tuesday. The company has a market cap of $1.07 billion, a PE ratio of -12.26 and a beta of 1.11. QuinStreet has a twelve month low of $8.44 and a twelve month high of $20.91. The company's 50 day moving average is $18.63 and its two-hundred day moving average is $17.69.
QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $198.32 million for the quarter, compared to the consensus estimate of $186.39 million. QuinStreet had a negative net margin of 5.11% and a negative return on equity of 13.00%. The business's revenue for the quarter was up 52.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.03) EPS. As a group, analysts expect that QuinStreet will post 0.08 EPS for the current fiscal year.
Hedge Funds Weigh In On QuinStreet
Several large investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System lifted its stake in shares of QuinStreet by 2.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company's stock valued at $438,000 after purchasing an additional 600 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of QuinStreet by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company's stock valued at $341,000 after purchasing an additional 719 shares during the period. PEAK6 Investments LLC lifted its stake in shares of QuinStreet by 3.4% in the 1st quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company's stock valued at $454,000 after purchasing an additional 843 shares during the period. Texas Permanent School Fund Corp raised its position in QuinStreet by 1.9% during the first quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company's stock worth $806,000 after acquiring an additional 847 shares during the period. Finally, Rhumbline Advisers raised its position in QuinStreet by 1.1% during the second quarter. Rhumbline Advisers now owns 156,530 shares of the technology company's stock worth $2,597,000 after acquiring an additional 1,652 shares during the period. 97.83% of the stock is currently owned by institutional investors and hedge funds.
About QuinStreet
(Get Free Report)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.
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