PDT Partners LLC Trims Holdings in QuinStreet, Inc. $QNST

Key Points

• PDT Partners LLC has reduced its holdings in QuinStreet, Inc. by 47.8%, now owning 21,140 shares valued at approximately $377,000.
• QuinStreet reported $262.05 million in revenue for the last quarter, exceeding analyst expectations, while earnings per share were $0.25, slightly below the consensus estimate.
• Institutional investors and hedge funds collectively own 97.83% of QuinStreet's stock, indicating a strong institutional presence in the company's equity ownership.

PDT Partners LLC cut its position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 47.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,140 shares of the technology company's stock after selling 19,375 shares during the quarter. PDT Partners LLC's holdings in QuinStreet were worth $377,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Summit Securities Group LLC bought a new position in QuinStreet in the first quarter valued at about $25,000. CWM LLC raised its position in shares of QuinStreet by 326.7% during the first quarter. CWM LLC now owns 6,144 shares of the technology company's stock worth $110,000 after acquiring an additional 4,704 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of QuinStreet during the first quarter worth about $184,000. Signaturefd LLC raised its position in shares of QuinStreet by 81,292.9% during the first quarter. Signaturefd LLC now owns 11,395 shares of the technology company's stock worth $203,000 after acquiring an additional 11,381 shares during the last quarter. Finally, Alpine Global Management LLC bought a new position in shares of QuinStreet during the first quarter worth about $227,000. 97.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

QNST has been the subject of several recent analyst reports. Lake Street Capital decreased their target price on QuinStreet from $19.00 to $18.00 and set a "hold" rating for the company in a research note on Friday, August 8th. B. Riley decreased their target price on QuinStreet from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Barrington Research reaffirmed an "outperform" rating and set a $29.00 target price on shares of QuinStreet in a research note on Friday, August 8th. Finally, Wall Street Zen cut QuinStreet from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $27.00.

QuinStreet Stock Performance

QuinStreet stock traded down $0.36 during mid-day trading on Wednesday, reaching $15.82. The stock had a trading volume of 52,016 shares, compared to its average volume of 598,960. QuinStreet, Inc. has a fifty-two week low of $14.27 and a fifty-two week high of $26.27. The stock's 50-day simple moving average is $15.76 and its 200-day simple moving average is $16.36. The firm has a market capitalization of $912.20 million, a PE ratio of 176.00 and a beta of 0.68.

QuinStreet (NASDAQ:QNST - Get Free Report) last posted 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 net margin of 0.43% and a return on equity of 4.56%. The company had revenue of $262.05 million during 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. The firm'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. On average, research analysts forecast 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.