Martingale Asset Management L P Takes Position in QuinStreet, Inc. $QNST

Key Points

• Martingale Asset Management L P has acquired a new stake in QuinStreet, Inc. by purchasing 55,477 shares, valued at approximately $990,000, increasing their ownership to 0.10% as of the latest reporting period.
• QuinStreet reported a net revenue increase of 32.1% year-over-year for the quarter, with $262.05 million in revenue, although they missed earnings expectations by $0.01.
• Analysts have mixed opinions on QuinStreet's stock, with target prices ranging from $18.00 to $31.00, reflecting a consensus rating of "Moderate Buy."

Martingale Asset Management L P bought a new stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 55,477 shares of the technology company's stock, valued at approximately $990,000. Martingale Asset Management L P owned approximately 0.10% of QuinStreet at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Illinois Municipal Retirement Fund lifted its holdings in QuinStreet by 4.1% in the first quarter. Illinois Municipal Retirement Fund now owns 31,717 shares of the technology company's stock worth $566,000 after acquiring an additional 1,247 shares during the last quarter. Summit Securities Group LLC acquired a new position in QuinStreet during the first quarter worth about $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in QuinStreet by 6.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,602 shares of the technology company's stock worth $706,000 after buying an additional 1,731 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of QuinStreet by 11.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,881 shares of the technology company's stock valued at $337,000 after purchasing an additional 1,966 shares during the last quarter. Finally, Centiva Capital LP boosted its holdings in shares of QuinStreet by 18.7% in the fourth quarter. Centiva Capital LP now owns 15,131 shares of the technology company's stock worth $349,000 after buying an additional 2,380 shares during the period. Institutional investors own 97.83% of the company's stock.

Wall Street Analysts Forecast Growth

QNST has been the subject of a number of research analyst reports. Stephens restated an "overweight" rating and issued a $31.00 target price on shares of QuinStreet in a report on Thursday, May 8th. B. Riley dropped 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 decreased their price objective on QuinStreet from $19.00 to $18.00 and set a "hold" rating for the company in a research report on Friday, August 8th. Wall Street Zen downgraded QuinStreet from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Barrington Research restated an "outperform" rating and set a $29.00 price target on shares of QuinStreet in a report on Friday, August 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $27.00.

QuinStreet Stock Up 0.6%

QNST stock traded up $0.10 during trading hours on Friday, hitting $15.68. The company's stock had a trading volume of 1,058,399 shares, compared to its average volume of 607,519. The stock has a 50 day moving average price of $15.76 and a two-hundred day moving average price of $16.67. QuinStreet, Inc. has a 12 month low of $14.27 and a 12 month high of $26.27. The company has a market capitalization of $904.42 million, a PE ratio of 174.22 and a beta of 0.71.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted 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). QuinStreet had a return on equity of 4.56% and a net margin of 0.43%.The company had revenue of $262.05 million during the quarter, compared to analyst estimates of $255.84 million. During the same quarter last year, the firm posted $0.11 earnings per share. The firm's revenue for the quarter was up 32.1% compared to the same quarter last year. QuinStreet has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Sell-side analysts expect that QuinStreet, Inc. will post 0.12 earnings per share for the current 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.