Algert Global LLC Purchases New Position in QuinStreet, Inc. $QNST

Key Points

• Algert Global LLC purchased 177,633 shares of QuinStreet, Inc. valued at approximately $3,169,000 during the first quarter, representing 0.31% ownership of the company.
• QuinStreet's quarterly earnings report indicated a revenue increase of 32.1% year-over-year, although it missed the EPS estimate by $0.01.
• Analysts have mixed ratings for QuinStreet, with an average consensus target price of $27.00, and some analysts issued "buy" and "hold" ratings.

Algert Global LLC purchased a new position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 177,633 shares of the technology company's stock, valued at approximately $3,169,000. Algert Global LLC owned approximately 0.31% of QuinStreet at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its position in QuinStreet by 326.7% in the first quarter. CWM LLC now owns 6,144 shares of the technology company's stock worth $110,000 after acquiring an additional 4,704 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in QuinStreet in the first quarter worth about $184,000. Signaturefd LLC raised its position in QuinStreet by 81,292.9% in the first quarter. Signaturefd LLC now owns 11,395 shares of the technology company's stock worth $203,000 after acquiring an additional 11,381 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in QuinStreet during the 4th quarter worth about $213,000. Finally, XTX Topco Ltd acquired a new stake in QuinStreet during the 4th quarter worth about $237,000. 97.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on QNST. Stephens restated an "overweight" rating and set a $31.00 price objective on shares of QuinStreet in a report on Thursday, May 8th. Lake Street Capital cut their price objective on QuinStreet from $19.00 to $18.00 and set a "hold" rating on the stock in a report on Friday, August 8th. Barrington Research restated an "outperform" rating and set a $29.00 price objective on shares of QuinStreet in a report on Friday, August 8th. Wall Street Zen downgraded QuinStreet from a "buy" rating to a "hold" rating in a report on Friday. Finally, B. Riley cut their price objective on QuinStreet from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, QuinStreet currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

QuinStreet Stock Up 0.8%

Shares of QNST traded up $0.13 during trading hours on Tuesday, reaching $15.69. The company's stock had a trading volume of 391,317 shares, compared to its average volume of 600,096. The firm has a market cap of $905.00 million, a price-to-earnings ratio of 174.33 and a beta of 0.71. The company has a 50 day moving average of $15.74 and a two-hundred day moving average of $16.83. QuinStreet, Inc. has a 1-year low of $14.27 and a 1-year high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $262.05 million during the quarter, compared to the consensus estimate of $255.84 million. QuinStreet had a net margin of 0.43% and a return on equity of 4.56%. The company's quarterly revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. QuinStreet has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, analysts forecast 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.