QuinStreet (NASDAQ:QNST) Reaches New 52-Week High – Should You Buy?

QuinStreet, Inc. (NASDAQ:QNST)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $21.84 and last traded at $21.84, with a volume of 9358 shares changing hands. The stock had previously closed at $21.43.

Analyst Ratings Changes

QNST has been the topic of several recent analyst reports. B. Riley boosted their target price on QuinStreet from $21.50 to $24.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Craig Hallum upped their price objective on QuinStreet from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 9th. StockNews.com downgraded QuinStreet from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $22.00 price target on shares of QuinStreet in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.

QuinStreet Trading Down 5.2 %

The firm has a 50 day moving average of $19.20 and a two-hundred day moving average of $18.04. The stock has a market capitalization of $1.12 billion, a PE ratio of -34.93 and a beta of 1.11.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $186.39 million. During the same quarter in the previous year, the company posted ($1.03) EPS. The business’s revenue was up 52.2% on a year-over-year basis. Equities research analysts forecast that QuinStreet, Inc. will post 0.08 EPS for the current year.

Institutional Investors Weigh In On QuinStreet

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE raised its holdings in shares of QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,250 shares during the last quarter. Quarry LP raised its stake in QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,266 shares during the last quarter. SageView Advisory Group LLC purchased a new position in QuinStreet in the 1st quarter valued at about $60,000. RiverPark Advisors LLC acquired a new stake in shares of QuinStreet during the 1st quarter worth about $127,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of QuinStreet during the 2nd quarter worth about $175,000. Hedge funds and other institutional investors 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.