Cubist Systematic Strategies LLC Buys 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 grew its stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 244.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,061 shares of the technology company's stock after purchasing an additional 128,501 shares during the period. Cubist Systematic Strategies LLC owned about 0.32% of QuinStreet worth $3,230,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Summit Securities Group LLC purchased a new position in shares of QuinStreet during the first quarter valued at $25,000. CWM LLC grew its holdings in shares of QuinStreet by 326.7% during the first quarter. CWM LLC now owns 6,144 shares of the technology company's stock valued at $110,000 after buying an additional 4,704 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in shares of QuinStreet during the first quarter valued at $184,000. Signaturefd LLC grew its holdings in shares of 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 buying an additional 11,381 shares in the last quarter. Finally, Alpine Global Management LLC purchased a new position in shares of QuinStreet during the first quarter valued at $227,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

QuinStreet Price Performance

NASDAQ:QNST traded up $0.28 during trading hours on Monday, reaching $16.23. The company's stock had a trading volume of 409,551 shares, compared to its average volume of 615,909. The company has a market cap of $936.15 million, a price-to-earnings ratio of 180.33 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 business's 50-day moving average is $15.77 and its 200-day moving average is $16.36.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.25 earnings per share (EPS) 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 the consensus estimate of $255.84 million. QuinStreet had a return on equity of 4.56% and a net margin of 0.43%.The company's revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 earnings per share. QuinStreet has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, sell-side analysts predict that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

QNST has been the topic of a number of research analyst reports. Lake Street Capital lowered their price target on QuinStreet from $19.00 to $18.00 and set a "hold" rating on the stock in a report on Friday, August 8th. Wall Street Zen lowered QuinStreet from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Barrington Research reiterated an "outperform" rating and set a $29.00 price target on shares of QuinStreet in a report on Friday, August 8th. Finally, B. Riley reduced their price target on QuinStreet from $28.00 to $25.00 and set a "buy" rating for the company in a report on Friday, August 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, QuinStreet has an average rating of "Moderate Buy" and a consensus price target of $27.00.

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.