Lord Abbett & CO. LLC Takes $9.15 Million Position in QuinStreet, Inc. $QNST

Key Points

• Lord Abbett & CO. LLC has acquired a new stake in QuinStreet, Inc., purchasing 513,010 shares valued at approximately $9.15 million.
• Analysts have mixed reviews about QuinStreet, with price targets ranging from $18.00 to $31.00 and a general consensus rating of "Moderate Buy."
• QuinStreet reported a net margin of 0.43% for the last quarter, with a revenue increase of 32.1% year-over-year.

Lord Abbett & CO. LLC bought a new stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 513,010 shares of the technology company's stock, valued at approximately $9,152,000. Lord Abbett & CO. LLC owned approximately 0.91% of QuinStreet as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in QNST. CWM LLC raised its holdings in 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 in the last quarter. Kapitalo Investimentos Ltda bought a new stake in QuinStreet in the first quarter worth approximately $184,000. Signaturefd LLC lifted its holdings in shares of QuinStreet by 81,292.9% in the 1st quarter. Signaturefd LLC now owns 11,395 shares of the technology company's stock worth $203,000 after purchasing an additional 11,381 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in QuinStreet during the 4th quarter worth approximately $213,000. Finally, XTX Topco Ltd purchased a new stake in shares of QuinStreet in the fourth quarter valued at about $237,000. Institutional investors and hedge funds own 97.83% of the company's stock.

QuinStreet Stock Up 0.9%

NASDAQ:QNST traded up $0.13 during midday trading on Tuesday, hitting $14.87. The stock had a trading volume of 543,093 shares, compared to its average volume of 603,383. The company has a market capitalization of $839.69 million, a price-to-earnings ratio of 165.22 and a beta of 0.71. The stock has a 50-day moving average of $15.75 and a 200 day moving average of $17.16. QuinStreet, Inc. has a one year low of $14.27 and a one year high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last released 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 company 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 was up 32.1% on a year-over-year basis. During the same period in the previous year, the firm 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 anticipate that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on QNST. Lake Street Capital decreased their price objective on shares of QuinStreet from $19.00 to $18.00 and set a "hold" rating for the company in a report on Friday, August 8th. Stephens restated an "overweight" rating and set a $31.00 target price on shares of QuinStreet in a report on Thursday, May 8th. Barrington Research reiterated an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a report on Friday, August 8th. Wall Street Zen raised QuinStreet from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Finally, B. Riley decreased their target price on QuinStreet from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, 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.