Lake Street Capital Forecasts Strong Price Appreciation for QuinStreet (NASDAQ:QNST) Stock

QuinStreet (NASDAQ:QNST) had its price target upped by Lake Street Capital from $20.00 to $25.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a hold rating on the technology company’s stock.

A number of other equities analysts have also recently weighed in on QNST. Barrington Research lifted their price target on shares of QuinStreet from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday. StockNews.com lowered QuinStreet from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Craig Hallum increased their price target on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. B. Riley lifted their price objective on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Stephens increased their target price on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, QuinStreet presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

QuinStreet Trading Down 2.5 %

NASDAQ QNST opened at $22.28 on Tuesday. QuinStreet has a 12 month low of $10.41 and a 12 month high of $26.27. The stock has a 50-day simple moving average of $19.40 and a 200 day simple moving average of $18.18. The company has a market capitalization of $1.25 billion, a PE ratio of -55.70 and a beta of 1.09.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating 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 company 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 business posted ($0.19) EPS. QuinStreet’s revenue was up 125.3% on a year-over-year basis. As a group, sell-side analysts predict that QuinStreet will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of QNST. Louisiana State Employees Retirement System boosted its position in QuinStreet by 2.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock worth $438,000 after acquiring an additional 600 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in QuinStreet by 2.3% during the third quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company’s stock worth $603,000 after purchasing an additional 712 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in QuinStreet by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock valued at $341,000 after purchasing an additional 719 shares in the last quarter. PEAK6 Investments LLC grew its position in QuinStreet by 3.4% in the first quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock valued at $454,000 after purchasing an additional 843 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in QuinStreet by 1.9% in the 1st quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock valued at $806,000 after buying an additional 847 shares during the last quarter. 97.83% of the stock is owned by institutional investors and hedge funds.

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.