Next Century Growth Investors LLC Sells 400,628 Shares of QuinStreet, Inc. $QNST

Key Points

• Next Century Growth Investors LLC has reduced its holdings in QuinStreet, Inc. by 48.9%, selling 400,628 shares, and now owns about 0.74% of the company's stock valued at approximately $7.5 million.
• Wall Street analysts have mixed ratings on QuinStreet, with target prices ranging from $18.00 to $31.00, indicating a general outlook of a "Moderate Buy" with an average target price of $27.00.
• QuinStreet reported a quarterly revenue of $262.05 million, exceeding expectations, but missed earnings per share estimates; the stock price opened at $15.57, reflecting a market capitalization of $898.08 million.

Next Century Growth Investors LLC lowered its position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 48.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 419,002 shares of the technology company's stock after selling 400,628 shares during the period. Next Century Growth Investors LLC owned about 0.74% of QuinStreet worth $7,475,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in QNST. Wells Fargo & Company MN raised its holdings in shares of QuinStreet by 168.1% in the fourth quarter. Wells Fargo & Company MN now owns 48,156 shares of the technology company's stock valued at $1,111,000 after purchasing an additional 30,191 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of QuinStreet in the fourth quarter valued at about $984,000. Price T Rowe Associates Inc. MD raised its holdings in shares of QuinStreet by 24.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,376 shares of the technology company's stock valued at $494,000 after purchasing an additional 4,137 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of QuinStreet in the fourth quarter valued at about $213,000. Finally, Northern Trust Corp raised its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 97.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on QNST. Lake Street Capital lowered their target price 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 price objective on shares of QuinStreet in a report on Thursday, May 8th. Wall Street Zen downgraded shares of QuinStreet from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. B. Riley decreased their price objective on shares of QuinStreet from $28.00 to $25.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, Barrington Research restated an "outperform" rating and set a $29.00 price objective on shares of QuinStreet in a report on Friday, August 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, QuinStreet currently has an average rating of "Moderate Buy" and an average target price of $27.00.

QuinStreet Stock Down 0.8%

Shares of NASDAQ:QNST opened at $15.57 on Thursday. The firm has a market capitalization of $898.08 million, a PE ratio of 173.00 and a beta of 0.71. QuinStreet, Inc. has a twelve month low of $14.27 and a twelve month high of $26.27. The company has a 50-day moving average price of $15.75 and a two-hundred day moving average price of $16.82.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). QuinStreet had a return on equity of 4.56% and a net margin of 0.43%.The business had revenue of $262.05 million for the quarter, compared to the consensus estimate of $255.84 million. During the same quarter in the prior year, the business earned $0.11 EPS. QuinStreet'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. Analysts anticipate that QuinStreet, Inc. will post 0.12 earnings per share 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.

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