Trexquant Investment LP boosted its position in shares of QuinStreet, Inc. (NASDAQ:QNST – Free Report) by 490.4% in the first quarter, HoldingsChannel.com reports. The fund owned 215,332 shares of the technology company’s stock after acquiring an additional 178,862 shares during the quarter. Trexquant Investment LP’s holdings in QuinStreet were worth $3,842,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QNST. Jacobs Asset Management LLC lifted its holdings in shares of QuinStreet by 23.5% in the 1st quarter. Jacobs Asset Management LLC now owns 493,865 shares of the technology company’s stock valued at $8,811,000 after buying an additional 93,865 shares during the period. SVB Wealth LLC lifted its holdings in shares of QuinStreet by 1.3% in the 1st quarter. SVB Wealth LLC now owns 154,041 shares of the technology company’s stock valued at $2,748,000 after buying an additional 1,970 shares during the period. Martingale Asset Management L P acquired a new position in shares of QuinStreet in the 1st quarter valued at about $990,000. Hsbc Holdings PLC lifted its holdings in shares of QuinStreet by 19.6% in the 1st quarter. Hsbc Holdings PLC now owns 50,180 shares of the technology company’s stock valued at $888,000 after buying an additional 8,220 shares during the period. Finally, Pinnacle Wealth Management LLC acquired a new position in shares of QuinStreet in the 1st quarter valued at about $535,000. Institutional investors and hedge funds own 97.83% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on QNST. Lake Street Capital decreased their price objective on QuinStreet from $19.00 to $18.00 and set a “hold” rating for the company in a report on Friday, August 8th. Wall Street Zen cut QuinStreet from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. B. Riley decreased their price objective on QuinStreet from $28.00 to $25.00 and set a “buy” rating for the company in a report on Friday, August 8th. Stephens restated an “overweight” rating and issued a $31.00 price target on shares of QuinStreet in a research note on Thursday, May 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a report on Friday, August 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, QuinStreet presently has an average rating of “Moderate Buy” and a consensus price target of $27.00.
QuinStreet Trading Up 0.6%
NASDAQ QNST opened at $15.68 on Tuesday. The stock has a market capitalization of $904.42 million, a price-to-earnings ratio of 174.22 and a beta of 0.68. QuinStreet, Inc. has a twelve month low of $14.27 and a twelve month high of $26.27. The stock has a 50-day moving average of $15.77 and a 200 day moving average of $16.58.
QuinStreet (NASDAQ:QNST – Get Free Report) last released its quarterly 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). The business had revenue of $262.05 million during the quarter, compared to analyst estimates of $255.84 million. QuinStreet had a return on equity of 4.56% and a net margin of 0.43%.The business’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. QuinStreet has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts predict that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.
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.
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