Driehaus Capital Management LLC Purchases 377,954 Shares of 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 grew its position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 13.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 5.61% of QuinStreet worth $56,475,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Lord Abbett & CO. LLC acquired a new position in shares of QuinStreet during the first quarter valued at approximately $9,152,000. G2 Investment Partners Management LLC acquired a new stake in shares of QuinStreet during the fourth quarter worth about $7,203,000. Nuveen LLC acquired a new position in QuinStreet during the 1st quarter worth approximately $5,216,000. BNP Paribas Financial Markets grew its holdings in shares of QuinStreet by 537.4% in the 4th quarter. BNP Paribas Financial Markets now owns 332,763 shares of the technology company's stock worth $7,677,000 after acquiring an additional 280,554 shares during the period. Finally, Trexquant Investment LP lifted its stake in shares of QuinStreet by 490.4% during the 1st quarter. Trexquant Investment LP now owns 215,332 shares of the technology company's stock worth $3,842,000 after purchasing an additional 178,862 shares during the period. 97.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Lake Street Capital lowered 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. Wall Street Zen lowered shares of QuinStreet from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. B. Riley cut their target price on shares of QuinStreet from $28.00 to $25.00 and set a "buy" rating for the company in a research 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. Finally, Stephens reissued an "overweight" rating and issued a $31.00 target price on shares of QuinStreet in a research note on Thursday, May 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

QuinStreet Trading Up 0.6%

Shares of QNST stock traded up $0.10 during trading hours on Monday, hitting $15.68. 1,058,399 shares of the company were exchanged, compared to its average volume of 634,091. The company has a market capitalization of $904.42 million, a PE ratio of 174.22 and a beta of 0.68. QuinStreet, Inc. has a 52 week low of $14.27 and a 52 week high of $26.27. The business has a 50 day moving average of $15.77 and a two-hundred day moving average of $16.58.

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 for the quarter, missing the consensus estimate 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%.QuinStreet's revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 EPS. QuinStreet has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, research analysts forecast that QuinStreet, Inc. will post 0.12 EPS 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.