Nordea Investment Management AB Makes New Investment in QuinStreet, Inc. $QNST

Nordea Investment Management AB acquired a new position in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 213,482 shares of the technology company's stock, valued at approximately $3,439,000. Nordea Investment Management AB owned approximately 0.38% of QuinStreet at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Illinois Municipal Retirement Fund lifted its position in shares of QuinStreet by 4.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 31,717 shares of the technology company's stock worth $566,000 after buying an additional 1,247 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of QuinStreet by 51.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 31,872 shares of the technology company's stock worth $574,000 after buying an additional 10,786 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of QuinStreet in the 1st quarter worth about $325,000. State of Alaska Department of Revenue lifted its position in shares of QuinStreet by 8.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 33,883 shares of the technology company's stock worth $545,000 after buying an additional 2,594 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in QuinStreet by 123.4% in the 1st quarter. AQR Capital Management LLC now owns 277,718 shares of the technology company's stock valued at $4,954,000 after purchasing an additional 153,428 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors.

QuinStreet Price Performance

QuinStreet stock opened at $14.79 on Wednesday. The firm's 50 day simple moving average is $15.46 and its 200-day simple moving average is $15.78. QuinStreet, Inc. has a fifty-two week low of $13.56 and a fifty-two week high of $26.27. The company has a market cap of $849.69 million, a P/E ratio of 164.33 and a beta of 0.77.

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). QuinStreet had a net margin of 0.43% and a return on equity of 4.56%. The company had revenue of $262.05 million for the quarter, compared to analysts' expectations of $255.84 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The business's revenue for the quarter was up 32.1% on a year-over-year basis. QuinStreet has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts expect that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on QNST. Weiss Ratings reiterated a "sell (d+)" rating on shares of QuinStreet in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of QuinStreet from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Lake Street Capital dropped their price target on shares of QuinStreet from $19.00 to $18.00 and set a "hold" rating on the stock in a research report on Friday, August 8th. B. Riley dropped their price target on shares of QuinStreet from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a research note on Friday, August 8th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.00.

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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