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

QuinStreet (NASDAQ:QNST) had its price target hoisted by investment analysts at Lake Street Capital from $20.00 to $25.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. Lake Street Capital’s target price points to a potential upside of 9.41% from the company’s previous close.

QNST has been the subject of a number of other research reports. Barrington Research upped their price objective 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 downgraded shares of QuinStreet from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Craig Hallum boosted their target price on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday. B. Riley raised their price target on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Stephens lifted their price target on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

QuinStreet Stock Up 7.2 %

Shares of QNST stock opened at $22.85 on Tuesday. The stock’s 50-day moving average price is $19.34 and its 200 day moving average price is $18.15. The stock has a market capitalization of $1.28 billion, a PE ratio of -57.13 and a beta of 1.09. QuinStreet has a 52-week low of $10.41 and a 52-week high of $26.27.

QuinStreet (NASDAQ:QNST) last released its earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share (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 business had revenue of $279.22 million for the quarter, compared to analyst estimates of $222.68 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The company’s revenue for the quarter was up 125.3% compared to the same quarter last year. Analysts expect that QuinStreet will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On QuinStreet

Institutional investors and hedge funds have recently modified their holdings of the company. First Eagle Investment Management LLC raised its holdings in QuinStreet by 20.2% during the first quarter. First Eagle Investment Management LLC now owns 549,223 shares of the technology company’s stock worth $9,699,000 after purchasing an additional 92,200 shares during the last quarter. Divisadero Street Capital Management LP acquired a new position in shares of QuinStreet during the 2nd quarter worth $6,499,000. Vanguard Group Inc. raised 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 buying an additional 48,705 shares during the last quarter. Driehaus Capital Management LLC boosted its position in shares of QuinStreet by 17.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock worth $25,050,000 after buying an additional 225,720 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in QuinStreet by 27.5% in the 2nd quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock valued at $33,763,000 after acquiring an additional 438,947 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

QuinStreet Company Profile

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.