B. Riley Forecasts Strong Price Appreciation for QuinStreet (NASDAQ:QNST) Stock

QuinStreet (NASDAQ:QNST) had its price target increased by B. Riley from $24.00 to $32.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. B. Riley’s target price points to a potential upside of 40.04% from the stock’s current price.

Several other equities research analysts have also commented on the stock. StockNews.com lowered shares of QuinStreet from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Stephens boosted their price target on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday. Craig Hallum raised their price objective on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Barrington Research reissued an “outperform” rating and issued a $22.00 target price on shares of QuinStreet in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

QuinStreet Stock Performance

Shares of NASDAQ:QNST opened at $22.85 on Tuesday. The firm has a market capitalization of $1.28 billion, a P/E ratio of -57.13 and a beta of 1.09. The stock has a 50 day moving average price of $19.34 and a 200-day moving average price of $18.15. QuinStreet has a 52-week low of $10.41 and a 52-week high of $26.27.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. QuinStreet had a negative return on equity of 8.83% and a negative net margin of 2.88%. The business had revenue of $279.22 million during the quarter, compared to the consensus estimate of $222.68 million. During the same quarter in the prior year, the company earned ($0.19) earnings per share. The firm’s quarterly revenue was up 125.3% compared to the same quarter last year. On average, equities analysts forecast that QuinStreet will post 0.08 EPS for the current fiscal year.

Institutional Trading of QuinStreet

Institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE lifted its position in QuinStreet by 880.3% during the third 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 during the period. Quarry LP boosted its position in shares of QuinStreet by 11,330.0% in the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock worth $38,000 after purchasing an additional 2,266 shares during the period. SageView Advisory Group LLC purchased a new stake in shares of QuinStreet in the first quarter worth $60,000. Victory Capital Management Inc. bought a new stake 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. Institutional investors 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.