QuinStreet (NASDAQ:QNST) Rating Increased to Hold at StockNews.com

QuinStreet (NASDAQ:QNST) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

QNST has been the topic of several other research reports. B. Riley raised their price objective on shares of QuinStreet from $21.50 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Barrington Research restated an “outperform” rating and issued a $22.00 price target on shares of QuinStreet in a research report on Friday, August 9th. 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 report on Friday, August 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.25.

QuinStreet Stock Performance

Shares of QNST traded down $0.20 during trading hours on Thursday, hitting $19.23. 286,101 shares of the company were exchanged, compared to its average volume of 399,640. The company has a market cap of $1.06 billion, a PE ratio of -12.33 and a beta of 1.11. The firm’s 50 day moving average is $18.74 and its 200-day moving average is $17.88. QuinStreet has a 52 week low of $9.89 and a 52 week high of $20.91.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. The business had revenue of $198.32 million for the quarter, compared to analyst estimates of $186.39 million. During the same period in the previous year, the company posted ($1.03) earnings per share. The firm’s revenue for the quarter was up 52.2% on a year-over-year basis. As a group, equities analysts forecast that QuinStreet will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On QuinStreet

Hedge funds have recently made changes to their positions in the business. Quarry LP increased its stake in QuinStreet by 11,330.0% in the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after acquiring an additional 2,266 shares during the period. SageView Advisory Group LLC acquired a new stake in QuinStreet during the first quarter valued at approximately $60,000. RiverPark Advisors LLC bought a new stake in shares of QuinStreet in the 1st quarter valued at approximately $127,000. Victory Capital Management Inc. acquired a new position in shares of QuinStreet in the 2nd quarter worth approximately $175,000. Finally, ProShare Advisors LLC acquired a new position in shares of QuinStreet in the 1st quarter worth approximately $188,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

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.