QuinStreet’s (QNST) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reissued their outperform rating on shares of QuinStreet (NASDAQ:QNST) in a research report report published on Friday, Benzinga reports. The firm currently has a $22.00 price target on the technology company’s stock.

Other analysts have also issued reports about the stock. Singular Research upgraded shares of QuinStreet to a moderate buy rating in a report on Tuesday, May 14th. StockNews.com upgraded QuinStreet to a sell rating in a report on Saturday, April 13th. B. Riley boosted their target price on shares of QuinStreet from $21.50 to $24.00 and gave the company a buy rating in a report on Friday. Finally, Craig Hallum boosted their price objective on shares of QuinStreet from $22.00 to $25.00 and gave the stock a buy rating in a research note on Friday. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $22.25.

QuinStreet Price Performance

QuinStreet stock traded down $1.50 during trading hours on Friday, reaching $17.07. The company had a trading volume of 989,248 shares, compared to its average volume of 427,092. The firm has a market cap of $943.63 million, a price-to-earnings ratio of -10.94 and a beta of 1.16. QuinStreet has a 12-month low of $8.44 and a 12-month high of $20.50. The company has a 50-day moving average price of $17.12 and a 200 day moving average price of $16.62.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Wednesday, May 8th. The technology company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). QuinStreet had a negative return on equity of 38.56% and a negative net margin of 15.59%. The firm had revenue of $168.59 million during the quarter, compared to analysts’ expectations of $166.54 million. As a group, research analysts expect that QuinStreet will post -0.55 earnings per share for the current year.

Institutional Trading of QuinStreet

A number of large investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new position in QuinStreet during the fourth quarter valued at approximately $609,000. Basswood Capital Management L.L.C. boosted its stake in shares of QuinStreet by 20.6% in the 4th quarter. Basswood Capital Management L.L.C. now owns 1,007,188 shares of the technology company’s stock worth $12,912,000 after buying an additional 171,838 shares during the last quarter. SVB Wealth LLC increased its position in QuinStreet by 68.1% during the fourth quarter. SVB Wealth LLC now owns 273,356 shares of the technology company’s stock valued at $3,504,000 after acquiring an additional 110,766 shares during the last quarter. Nomura Holdings Inc. boosted its position in QuinStreet by 20.0% in the fourth quarter. Nomura Holdings Inc. now owns 360,543 shares of the technology company’s stock worth $4,622,000 after purchasing an additional 60,142 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of QuinStreet by 20.2% during the 1st quarter. First Eagle Investment Management LLC now owns 549,223 shares of the technology company’s stock valued at $9,699,000 after purchasing an additional 92,200 shares during the period. 97.83% of the stock is currently owned by 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.