Cubist Systematic Strategies LLC Acquires 128,501 Shares of QuinStreet, Inc. $QNST

Key Points

• Cubist Systematic Strategies LLC increased its stake in QuinStreet, Inc. by 244.5%, acquiring an additional 128,501 shares and bringing its total holdings to 181,061 shares, valued at approximately $3.23 million.
• QuinStreet has been subject to multiple analyst rating changes, with B. Riley lowering the price target from $28 to $25 but maintaining a "buy" rating, while Lake Street Capital set a "hold" rating with a target of $18.
• The company's recent earnings report showed a 32.1% year-over-year revenue increase to $262.05 million, but it missed EPS expectations by $0.01, reporting $0.25 EPS for the quarter.

Cubist Systematic Strategies LLC raised its holdings in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 244.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 181,061 shares of the technology company's stock after acquiring an additional 128,501 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.32% of QuinStreet worth $3,230,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in QuinStreet during the first quarter worth about $25,000. CWM LLC raised its position in shares of QuinStreet by 326.7% in the 1st quarter. CWM LLC now owns 6,144 shares of the technology company's stock valued at $110,000 after acquiring an additional 4,704 shares during the period. Kapitalo Investimentos Ltda bought a new position in QuinStreet during the 1st quarter worth approximately $184,000. Signaturefd LLC grew its holdings in QuinStreet by 81,292.9% during the first quarter. Signaturefd LLC now owns 11,395 shares of the technology company's stock valued at $203,000 after purchasing an additional 11,381 shares during the period. Finally, Alpine Global Management LLC acquired a new stake in QuinStreet in the first quarter worth $227,000. Institutional investors and hedge funds own 97.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on QNST. Wall Street Zen lowered shares of QuinStreet from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Lake Street Capital decreased their target price on QuinStreet from $19.00 to $18.00 and set a "hold" rating for the company in a research note on Friday, August 8th. Barrington Research restated an "outperform" rating and issued a $29.00 price target on shares of QuinStreet in a report on Friday, August 8th. Finally, B. Riley dropped their price target on QuinStreet from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $27.00.

QuinStreet Stock Up 2.9%

QNST traded up $0.46 during trading on Thursday, hitting $16.28. The company had a trading volume of 417,698 shares, compared to its average volume of 548,452. The company has a market capitalization of $939.03 million, a PE ratio of 180.89 and a beta of 0.68. QuinStreet, Inc. has a one year low of $14.27 and a one year high of $26.27. The firm's 50-day moving average price is $15.75 and its 200 day moving average price is $16.34.

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 (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 analyst estimates of $255.84 million. QuinStreet had a net margin of 0.43% and a return on equity of 4.56%. The business's revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. QuinStreet has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Sell-side analysts forecast that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

QuinStreet 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.