QuinStreet (NASDAQ:QNST) Given New $25.00 Price Target at Craig Hallum

QuinStreet (NASDAQ:QNST) had its price objective raised by Craig Hallum from $22.00 to $25.00 in a research note published on Friday morning, Benzinga reports. Craig Hallum currently has a buy rating on the technology company’s stock.

A number of other analysts also recently weighed in on the stock. B. Riley began coverage on shares of QuinStreet in a report on Friday, April 19th. They issued a buy rating and a $21.50 target price on the stock. StockNews.com raised QuinStreet to a sell rating in a research note on Saturday, April 13th. Barrington Research reissued an outperform rating and issued a $22.00 price objective on shares of QuinStreet in a research report on Monday, July 15th. Finally, Singular Research upgraded QuinStreet to a moderate buy rating in a report on Tuesday, May 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $22.25.

QuinStreet Stock Performance

QNST opened at $17.11 on Friday. The stock has a market capitalization of $945.79 million, a price-to-earnings ratio of -10.97 and a beta of 1.16. QuinStreet has a fifty-two week low of $8.44 and a fifty-two week high of $20.50. The company has a fifty day moving average of $17.12 and a 200 day moving average of $16.65.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $198.32 million during the quarter, compared to analyst estimates of $186.39 million. QuinStreet had a negative return on equity of 38.56% and a negative net margin of 15.59%. The firm’s revenue was up 52.2% on a year-over-year basis. During the same period in the prior year, the company earned ($1.03) earnings per share. On average, equities research analysts forecast that QuinStreet will post -0.55 earnings per share for the current year.

Hedge Funds Weigh In On QuinStreet

Several institutional investors have recently bought and sold shares of QNST. Private Capital Management LLC lifted its holdings in QuinStreet by 1.4% during the fourth quarter. Private Capital Management LLC now owns 4,503,159 shares of the technology company’s stock worth $57,730,000 after buying an additional 62,095 shares during the period. Vanguard Group Inc. lifted its stake in shares of QuinStreet by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock worth $65,563,000 after purchasing an additional 48,705 shares during the last quarter. American Century Companies Inc. boosted its position in QuinStreet by 27.5% during the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock valued at $33,763,000 after purchasing an additional 438,947 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in 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 last quarter. Finally, William Blair Investment Management LLC raised its holdings in QuinStreet by 0.8% in the first quarter. William Blair Investment Management LLC now owns 1,530,761 shares of the technology company’s stock worth $27,033,000 after purchasing an additional 12,058 shares in the last quarter. 97.83% of the stock is 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.