Driehaus Capital Management LLC Grows Stock Position in QuinStreet, Inc. $QNST

Key Points

• Driehaus Capital Management LLC increased its holdings in QuinStreet by 13.6% during the first quarter, now owning approximately 3.17 million shares valued at $56.5 million.
• QuinStreet reported $0.25 earnings per share for the quarter, slightly missing expectations, but saw a 32.1% year-over-year revenue increase to $262.05 million.
• Wall Street analysts have mixed ratings for QuinStreet, with price targets ranging from $18.00 to $31.00, reflecting varying confidence in the company's growth potential.

Driehaus Capital Management LLC lifted its stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 13.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,165,649 shares of the technology company's stock after buying an additional 377,954 shares during the quarter. Driehaus Capital Management LLC owned approximately 5.61% of QuinStreet worth $56,475,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of QNST. Hsbc Holdings PLC purchased a new stake in shares of QuinStreet in the fourth quarter worth about $984,000. Price T Rowe Associates Inc. MD boosted its stake in shares of QuinStreet by 24.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,376 shares of the technology company's stock worth $494,000 after buying an additional 4,137 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of QuinStreet in the fourth quarter worth about $213,000. Northern Trust Corp boosted its stake in shares of QuinStreet by 15.4% in the fourth quarter. Northern Trust Corp now owns 652,650 shares of the technology company's stock worth $15,057,000 after buying an additional 86,970 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its stake in shares of QuinStreet by 130.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 39,900 shares of the technology company's stock worth $920,000 after buying an additional 22,600 shares during the last quarter. Hedge funds and other institutional investors own 97.83% of the company's stock.

Wall Street Analysts Forecast Growth

QNST has been the topic of a number of recent research reports. Wall Street Zen downgraded QuinStreet from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Barrington Research reiterated an "outperform" rating and set a $29.00 price target on shares of QuinStreet in a research report on Friday, August 8th. B. Riley lowered 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. 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 research report on Friday, August 8th. Finally, Stephens reiterated an "overweight" rating and set a $31.00 price target on shares of QuinStreet in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $27.00.

QuinStreet Stock Up 0.2%

Shares of NASDAQ QNST traded up $0.02 during midday trading on Wednesday, hitting $15.49. The stock had a trading volume of 132,230 shares, compared to its average volume of 598,554. The company has a market capitalization of $893.69 million, a PE ratio of 171.82 and a beta of 0.68. The stock has a 50 day simple moving average of $15.76 and a 200-day simple moving average of $16.57. 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 released its earnings results on Thursday, August 7th. The technology company reported $0.25 earnings per share 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 analysts' expectations of $255.84 million. QuinStreet had a net margin of 0.43% and a return on equity of 4.56%. The business's revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 EPS. QuinStreet has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, analysts expect that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.

QuinStreet Company 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.