NewEdge Wealth LLC Takes Position in QuinStreet, Inc. $QNST

Posted by Geri Gentry on Aug 20th, 2026

NewEdge Wealth LLC purchased a new position in QuinStreet, Inc. (NASDAQ:QNST – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 829,840 shares of the technology company’s stock, valued at approximately $12,157,000.

Other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in QuinStreet by 54.4% in the first quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,066 shares during the last quarter. GAMMA Investing LLC lifted its stake in QuinStreet by 17.0% in the second quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock valued at $65,000 after buying an additional 649 shares during the period. Farther Finance Advisors LLC boosted its holdings in QuinStreet by 10.2% during the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after buying an additional 730 shares during the last quarter. Tripletail Wealth Management LLC boosted its holdings in QuinStreet by 35.2% during the fourth quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock worth $133,000 after buying an additional 2,420 shares during the last quarter. Finally, FJ Capital Management LLC bought a new position in QuinStreet during the third quarter worth about $135,000. 97.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on QNST. Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. Lake Street Capital raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Friday, August 7th. B. Riley Financial reissued a “buy” rating on shares of QuinStreet in a research note on Friday, August 7th. Wall Street Zen upgraded shares of QuinStreet from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Zacks Research raised shares of QuinStreet from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.00.

Get Our Latest Research Report on QuinStreet

QuinStreet Stock Performance

QNST stock opened at $21.06 on Thursday. QuinStreet, Inc. has a 1-year low of $10.28 and a 1-year high of $22.29. The company has a current ratio of 1.22, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1.21 billion, a PE ratio of 14.94 and a beta of 0.66. The business’s 50-day moving average price is $16.18 and its two-hundred day moving average price is $13.53.

QuinStreet (NASDAQ:QNST – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. The company had revenue of $373.88 million during the quarter, compared to the consensus estimate of $359.95 million. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%. As a group, research analysts forecast that QuinStreet, Inc. will post 0.94 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Douglas Valenti sold 751,631 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $20.50, for a total transaction of $15,408,435.50. Following the completion of the sale, the chief executive officer directly owned 996,278 shares of the company’s stock, valued at approximately $20,423,699. This represents a 43.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gregory Wong sold 11,704 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $20.44, for a total transaction of $239,229.76. Following the sale, the chief financial officer owned 481,786 shares in the company, valued at $9,847,705.84. This trade represents a 2.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 862,026 shares of company stock valued at $17,423,897. 5.00% of the stock is owned by corporate insiders.

QuinStreet Company Profile

(Free Report)

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.