Lord Abbett & CO. LLC Purchases Shares of 513,010 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 purchased a new position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 513,010 shares of the technology company's stock, valued at approximately $9,152,000. Lord Abbett & CO. LLC owned about 0.91% of QuinStreet at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of QuinStreet by 0.6% in the first quarter. Vanguard Group Inc. now owns 4,027,512 shares of the technology company's stock worth $71,851,000 after acquiring an additional 25,482 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in QuinStreet by 28.4% during the fourth quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company's stock worth $64,312,000 after buying an additional 617,216 shares during the last quarter. Invesco Ltd. boosted its stake in QuinStreet by 177.8% during the fourth quarter. Invesco Ltd. now owns 946,108 shares of the technology company's stock worth $21,827,000 after buying an additional 605,500 shares during the last quarter. Northern Trust Corp raised its position in QuinStreet by 15.4% in the fourth quarter. Northern Trust Corp now owns 652,650 shares of the technology company's stock valued at $15,057,000 after purchasing an additional 86,970 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of QuinStreet by 12.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 572,181 shares of the technology company's stock valued at $10,208,000 after buying an additional 62,232 shares during the period. 97.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on QNST. Barrington Research reiterated an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a report on Friday, August 8th. Lake Street Capital cut their price target on QuinStreet from $19.00 to $18.00 and set a "hold" rating on the stock in a research note on Friday, August 8th. B. Riley lowered their target price on QuinStreet from $28.00 to $25.00 and set a "buy" rating for the company in a report on Friday, August 8th. Wall Street Zen raised QuinStreet from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Finally, Stephens reissued an "overweight" rating and issued a $31.00 price objective on shares of QuinStreet in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

QuinStreet Stock Down 0.6%

QNST traded down $0.0950 during midday trading on Thursday, reaching $15.0350. 96,280 shares of the company's stock were exchanged, compared to its average volume of 599,359. The firm has a market capitalization of $849.03 million, a price-to-earnings ratio of 167.28 and a beta of 0.71. QuinStreet, Inc. has a one year low of $14.27 and a one year high of $26.27. The business has a 50-day simple moving average of $15.72 and a two-hundred day simple moving average of $17.13.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted its earnings results 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). QuinStreet had a net margin of 0.43% and a return on equity of 4.56%. The firm had revenue of $262.05 million during the quarter, compared to the consensus estimate of $255.84 million. During the same quarter last year, the firm posted $0.11 EPS. The business's revenue was up 32.1% on a year-over-year basis. QuinStreet has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts anticipate that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

About QuinStreet

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.