Charles Schwab Investment Management Inc. Purchases 62,232 Shares of QuinStreet, Inc. $QNST

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in QuinStreet, Inc. by 12.2%, now owning approximately 572,181 shares valued at $10.2 million.
• QuinStreet's latest earnings report showed a 32.1% increase in revenue year-over-year, but it missed EPS estimates by $0.01.
• The stock has an average target price of $27.00, with several analysts maintaining a "Moderate Buy" rating despite recent price adjustments.

Charles Schwab Investment Management Inc. boosted its position in QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 12.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572,181 shares of the technology company's stock after buying an additional 62,232 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.01% of QuinStreet worth $10,208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Illinois Municipal Retirement Fund increased its position in QuinStreet by 4.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 31,717 shares of the technology company's stock valued at $566,000 after buying an additional 1,247 shares in the last quarter. SG Americas Securities LLC increased its position in QuinStreet by 26.2% in the 1st quarter. SG Americas Securities LLC now owns 32,889 shares of the technology company's stock valued at $587,000 after buying an additional 6,829 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in QuinStreet by 51.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 31,872 shares of the technology company's stock valued at $574,000 after buying an additional 10,786 shares in the last quarter. Bank of America Corp DE increased its position in QuinStreet by 25.3% in the 4th quarter. Bank of America Corp DE now owns 124,308 shares of the technology company's stock valued at $2,868,000 after buying an additional 25,101 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in QuinStreet in the 1st quarter valued at about $250,000. 97.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on QNST shares. 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 report on Friday, August 8th. Wall Street Zen lowered 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. Stephens reissued an "overweight" rating and set a $31.00 price objective on shares of QuinStreet in a report on Thursday, May 8th. Finally, B. Riley decreased their price objective on QuinStreet from $28.00 to $25.00 and set a "buy" rating for the company in a report on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, QuinStreet currently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

QuinStreet Trading Up 0.6%

Shares of QNST stock traded up $0.10 during trading on Friday, hitting $15.68. The company's stock had a trading volume of 1,058,399 shares, compared to its average volume of 607,519. The company has a market cap of $904.42 million, a PE ratio of 174.22 and a beta of 0.71. The business has a fifty day moving average of $15.76 and a 200-day moving average of $16.67. QuinStreet, Inc. has a 52 week low of $14.27 and a 52 week high of $26.27.

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