Martingale Asset Management L P Purchases New 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 acquired a new position in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 55,477 shares of the technology company's stock, valued at approximately $990,000. Martingale Asset Management L P owned about 0.10% of QuinStreet as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Summit Securities Group LLC purchased a new stake in QuinStreet during the 1st quarter valued at about $25,000. CWM LLC lifted its position in QuinStreet by 326.7% in the first quarter. CWM LLC now owns 6,144 shares of the technology company's stock valued at $110,000 after purchasing an additional 4,704 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of QuinStreet during the first quarter valued at approximately $184,000. Signaturefd LLC boosted its stake in shares of QuinStreet by 81,292.9% during the first quarter. Signaturefd LLC now owns 11,395 shares of the technology company's stock valued at $203,000 after purchasing an additional 11,381 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in shares of QuinStreet in the fourth quarter worth approximately $213,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on QNST shares. Stephens restated an "overweight" rating and set a $31.00 price target on shares of QuinStreet in a report on Thursday, May 8th. B. Riley lowered their price target on 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 reissued an "outperform" rating and issued a $29.00 target price on shares of QuinStreet 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, Lake Street Capital reduced their price objective on QuinStreet from $19.00 to $18.00 and set a "hold" rating for the company in a research note on Friday, August 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $27.00.

QuinStreet Stock Performance

NASDAQ QNST traded up $0.12 on Friday, hitting $15.70. 200,951 shares of the stock were exchanged, compared to its average volume of 595,824. The firm has a market capitalization of $905.63 million, a P/E ratio of 173.94 and a beta of 0.71. QuinStreet, Inc. has a 52-week low of $14.27 and a 52-week high of $26.27. The stock has a fifty day moving average price of $15.76 and a two-hundred day moving average price of $16.77.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.25 earnings per share (EPS) 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 the consensus estimate of $255.84 million. QuinStreet had a return on equity of 4.56% and a net margin of 0.43%.The firm's revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. 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 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.