Northern Trust Corp Increases Stake in QuinStreet, Inc. $QNST

Key Points

• Northern Trust Corp increased its position in QuinStreet, Inc. by 2.8%, owning 670,742 shares valued at approximately $11.97 million.
• Multiple hedge funds showed increased interest in QuinStreet, with BNP Paribas Financial Markets raising its holdings by 537.4%, now owning 332,763 shares valued at $7.68 million.
• Analysts have set a consensus price target of $27.00 for QuinStreet, with ratings ranging from "Buy" to "Hold" given by several investment firms.

Northern Trust Corp raised its holdings in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 670,742 shares of the technology company's stock after acquiring an additional 18,092 shares during the period. Northern Trust Corp owned approximately 1.19% of QuinStreet worth $11,966,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of QNST. Driehaus Capital Management LLC raised its holdings in shares of QuinStreet by 28.4% in the 4th quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company's stock valued at $64,312,000 after acquiring an additional 617,216 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of QuinStreet in the 1st quarter valued at about $9,152,000. G2 Investment Partners Management LLC purchased a new stake in shares of QuinStreet in the 4th quarter valued at about $7,203,000. Nuveen LLC purchased a new stake in shares of QuinStreet in the 1st quarter valued at about $5,216,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of QuinStreet by 537.4% in the 4th quarter. BNP Paribas Financial Markets now owns 332,763 shares of the technology company's stock valued at $7,677,000 after acquiring an additional 280,554 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company's stock.

QuinStreet Price Performance

QuinStreet stock traded down $0.36 during trading hours on Wednesday, reaching $15.82. The company had a trading volume of 436,243 shares, compared to its average volume of 562,690. The company has a 50-day moving average price of $15.75 and a 200 day moving average price of $16.36. The firm has a market cap of $912.50 million, a price-to-earnings ratio of 175.78 and a beta of 0.68. QuinStreet, Inc. has a 12-month low of $14.27 and a 12-month high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $262.05 million during 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%.QuinStreet's revenue for the quarter was up 32.1% on a year-over-year basis. During the same period last year, the firm earned $0.11 earnings per share. QuinStreet has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts expect that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on QNST. Wall Street Zen cut QuinStreet from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Barrington Research reissued an "outperform" rating and set a $29.00 price objective on shares of QuinStreet in a report on Friday, August 8th. Lake Street Capital decreased their price objective on 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 decreased their price objective on QuinStreet from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $27.00.

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.