AlphaQuest LLC Buys 28,949 Shares of QuinStreet, Inc. $QNST

AlphaQuest LLC grew its stake in shares of QuinStreet, Inc. (NASDAQ:QNST) by 6,018.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,430 shares of the technology company’s stock after buying an additional 28,949 shares during the quarter. AlphaQuest LLC owned approximately 0.05% of QuinStreet worth $474,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of QuinStreet by 0.6% during the first quarter. Vanguard Group Inc. now owns 4,027,512 shares of the technology company’s stock worth $71,851,000 after buying an additional 25,482 shares during the last quarter. Driehaus Capital Management LLC raised its holdings in shares of QuinStreet by 13.6% in the 1st quarter. Driehaus Capital Management LLC now owns 3,165,649 shares of the technology company’s stock worth $56,475,000 after acquiring an additional 377,954 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of QuinStreet by 0.9% in the 1st quarter. American Century Companies Inc. now owns 2,248,579 shares of the technology company’s stock worth $40,115,000 after acquiring an additional 20,011 shares during the last quarter. Millennium Management LLC raised its holdings in shares of QuinStreet by 213.3% in the 1st quarter. Millennium Management LLC now owns 714,482 shares of the technology company’s stock worth $12,746,000 after acquiring an additional 486,406 shares during the last quarter. Finally, Northern Trust Corp increased its stake in QuinStreet by 2.8% in the 1st quarter. Northern Trust Corp now owns 670,742 shares of the technology company’s stock valued at $11,966,000 after buying an additional 18,092 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

Analyst Ratings Changes

QNST has been the subject of several analyst reports. Wall Street Zen upgraded shares of QuinStreet from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Barrington Research set a $24.00 price objective on shares of QuinStreet in a research note on Wednesday, October 22nd. Lake Street Capital decreased their price objective on shares of QuinStreet from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Friday, August 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of QuinStreet in a research note on Wednesday, October 8th. Finally, B. Riley decreased their price objective on shares of QuinStreet from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $26.00.

QuinStreet Stock Down 3.6%

QuinStreet stock opened at $14.26 on Wednesday. QuinStreet, Inc. has a twelve month low of $13.56 and a twelve month high of $26.27. The firm has a 50 day moving average price of $15.45 and a 200-day moving average price of $15.76. The company has a market capitalization of $819.24 million, a P/E ratio of 158.44 and a beta of 0.77.

QuinStreet (NASDAQ:QNST) last released its earnings results on Thursday, August 7th. The technology company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). QuinStreet had a net margin of 0.43% and a return on equity of 4.56%. The company had revenue of $262.05 million for the quarter, compared to the consensus estimate of $255.84 million. During the same period in the prior year, the company earned $0.11 earnings per share. The firm’s revenue was up 32.1% on a year-over-year basis. QuinStreet has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts expect that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

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.