PNC Financial Services Group Inc. Reduces Stake in QuinStreet, Inc. $QNST

PNC Financial Services Group Inc. lowered its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 36.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,435 shares of the technology company’s stock after selling 1,373 shares during the quarter. PNC Financial Services Group Inc.’s holdings in QuinStreet were worth $43,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its holdings in 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 period. SG Americas Securities LLC lifted its holdings in QuinStreet by 26.2% in the 1st quarter. SG Americas Securities LLC now owns 32,889 shares of the technology company’s stock worth $587,000 after buying an additional 6,829 shares during the period. Allspring Global Investments Holdings LLC lifted its stake 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 valued at $574,000 after purchasing an additional 10,786 shares during the period. Bank of America Corp DE lifted its stake in shares of 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 purchasing an additional 25,101 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of QuinStreet in the 1st quarter valued at approximately $250,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

QuinStreet Trading Up 3.3%

Shares of NASDAQ:QNST opened at $15.57 on Friday. The stock has a fifty day simple moving average of $15.72 and a two-hundred day simple moving average of $17.01. The stock has a market capitalization of $879.24 million, a price-to-earnings ratio of 173.00 and a beta of 0.71. QuinStreet, Inc. has a 12-month low of $14.27 and a 12-month high of $26.27.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data 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 analysts’ expectations of $255.84 million. QuinStreet had a net margin of 0.43% and a return on equity of 4.56%. The firm’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 EPS. QuinStreet has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities research analysts predict that QuinStreet, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Stephens restated an “overweight” rating and issued a $31.00 target price on shares of QuinStreet in a research note on Thursday, May 8th. Barrington Research restated an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a research note on Friday, August 8th. B. Riley lowered 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. Lake Street Capital lowered 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. Finally, Wall Street Zen cut QuinStreet from a “buy” rating to a “hold” rating in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, QuinStreet presently has an average rating of “Moderate Buy” and an average price target of $27.00.

QuinStreet 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.