QuinStreet (NASDAQ:QNST) Given New $29.00 Price Target at Barrington Research

QuinStreet (NASDAQ:QNST) had its price objective hoisted by investment analysts at Barrington Research from $22.00 to $29.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Barrington Research’s price target would indicate a potential upside of 41.67% from the stock’s current price.

QNST has been the topic of a number of other reports. StockNews.com lowered QuinStreet from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Stephens upped their price target on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday. Craig Hallum raised their price target on shares of QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, B. Riley boosted their price objective on shares of QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

QuinStreet Stock Performance

Shares of NASDAQ QNST traded up $0.27 during mid-day trading on Tuesday, reaching $20.47. The company had a trading volume of 1,730,682 shares, compared to its average volume of 402,679. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of -34.58 and a beta of 1.09. The business’s 50-day simple moving average is $19.23 and its 200 day simple moving average is $18.09. QuinStreet has a one year low of $10.41 and a one year high of $26.27.

QuinStreet (NASDAQ:QNST) last released its earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.07. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The firm had revenue of $279.22 million during the quarter, compared to analysts’ expectations of $222.68 million. During the same period in the prior year, the company earned ($0.19) earnings per share. The company’s quarterly revenue was up 125.3% on a year-over-year basis. On average, sell-side analysts anticipate that QuinStreet will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of QNST. US Bancorp DE grew its position in shares of QuinStreet by 880.3% during the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,250 shares in the last quarter. Quarry LP grew its position in shares of QuinStreet by 11,330.0% during the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,266 shares in the last quarter. SageView Advisory Group LLC purchased a new position in shares of QuinStreet during the 1st quarter valued at $60,000. Victory Capital Management Inc. purchased a new position in shares of QuinStreet during the 2nd quarter valued at $175,000. Finally, ProShare Advisors LLC purchased a new position in shares of QuinStreet during the 1st quarter valued at $188,000. 97.83% of the stock is currently 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.