29,976 Shares in QuinStreet, Inc. $QNST Purchased by Pinnacle Wealth Management LLC

Key Points

• Pinnacle Wealth Management LLC has acquired a new stake in QuinStreet, Inc., purchasing 29,976 shares valued at approximately $535,000.
• QuinStreet reported $262.05 million in revenue for the last quarter, missing earnings per share estimates but showing a 32.1% increase in revenue year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for QuinStreet with an average target price of $27.00, with several firms recently adjusting their price objectives.

Pinnacle Wealth Management LLC acquired a new stake in QuinStreet, Inc. (NASDAQ:QNST - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 29,976 shares of the technology company's stock, valued at approximately $535,000. Pinnacle Wealth Management LLC owned 0.05% of QuinStreet at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of QNST. Wells Fargo & Company MN increased its position in shares of 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 acquiring an additional 30,191 shares in the last quarter. Renaissance Technologies LLC bought a new position in QuinStreet in the fourth quarter valued at $1,610,000. Barclays PLC grew its position in QuinStreet by 21.0% in the fourth quarter. Barclays PLC now owns 154,189 shares of the technology company's stock valued at $3,557,000 after purchasing an additional 26,785 shares in the last quarter. XTX Topco Ltd bought a new position in QuinStreet in the fourth quarter valued at $237,000. Finally, Jump Financial LLC bought a new position in QuinStreet in the fourth quarter valued at $965,000. 97.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QNST has been the subject of a number of recent analyst reports. Stephens reiterated an "overweight" rating and issued a $31.00 price target on shares of QuinStreet in a research note on Thursday, May 8th. Barrington Research reiterated an "outperform" rating and issued a $29.00 price target on shares of QuinStreet in a research note on Friday, August 8th. Wall Street Zen cut shares of QuinStreet from a "buy" rating to a "hold" rating in a research note on Friday. B. Riley cut their price target on shares of QuinStreet from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Finally, Lake Street Capital cut their price target on shares of QuinStreet from $19.00 to $18.00 and set a "hold" rating for the company in a research note on Friday, August 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $27.00.

QuinStreet Stock Up 3.3%

Shares of NASDAQ QNST traded up $0.50 during mid-day trading on Friday, reaching $15.57. 565,490 shares of the company were exchanged, compared to its average volume of 583,564. The company's 50-day simple moving average is $15.72 and its 200-day simple moving average is $17.01. The stock has a market capitalization of $879.24 million, a P/E 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.

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