Next Century Growth Investors LLC Cuts Position in 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 stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 48.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 419,002 shares of the technology company's stock after selling 400,628 shares during the quarter. Next Century Growth Investors LLC owned approximately 0.74% of QuinStreet worth $7,475,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QNST. Wells Fargo & Company MN raised its holdings in QuinStreet by 168.1% during the fourth quarter. Wells Fargo & Company MN now owns 48,156 shares of the technology company's stock worth $1,111,000 after purchasing an additional 30,191 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in QuinStreet during the fourth quarter worth approximately $984,000. Price T Rowe Associates Inc. MD raised its holdings in QuinStreet by 24.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,376 shares of the technology company's stock worth $494,000 after purchasing an additional 4,137 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in QuinStreet during the fourth quarter worth approximately $213,000. Finally, Northern Trust Corp raised its holdings in QuinStreet by 15.4% during the fourth quarter. Northern Trust Corp now owns 652,650 shares of the technology company's stock worth $15,057,000 after purchasing an additional 86,970 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Stephens reissued an "overweight" rating and set a $31.00 price objective on shares of QuinStreet in a report on Thursday, May 8th. Barrington Research reaffirmed an "outperform" rating and issued a $29.00 target price on shares of QuinStreet in a report on Friday, August 8th. Wall Street Zen cut shares of QuinStreet from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Lake Street Capital cut their target price on shares of QuinStreet from $19.00 to $18.00 and set a "hold" rating on the stock in a report on Friday, August 8th. Finally, B. Riley cut their target price on shares of QuinStreet from $28.00 to $25.00 and set a "buy" rating on the stock 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

QuinStreet Stock Performance

QuinStreet stock traded down $0.45 during trading hours on Tuesday, reaching $15.23. 145,649 shares of the stock were exchanged, compared to its average volume of 598,364. The stock has a market cap of $878.47 million, a P/E ratio of 169.21 and a beta of 0.68. QuinStreet, Inc. has a 52-week low of $14.27 and a 52-week high of $26.27. The firm's 50 day moving average is $15.77 and its 200 day moving average is $16.58.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). The firm had revenue of $262.05 million for the quarter, compared to analysts' expectations of $255.84 million. QuinStreet had a return on equity of 4.56% and a net margin of 0.43%.The firm's quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. QuinStreet has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts expect that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

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.