State of Alaska Department of Revenue Increases Stock Holdings in QuinStreet, Inc. $QNST

State of Alaska Department of Revenue grew its position in QuinStreet, Inc. (NASDAQ:QNST) by 8.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,883 shares of the technology company’s stock after buying an additional 2,594 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of QuinStreet worth $545,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of QuinStreet by 0.6% in the first quarter. Vanguard Group Inc. now owns 4,027,512 shares of the technology company’s stock valued at $71,851,000 after buying an additional 25,482 shares in the last quarter. Driehaus Capital Management LLC increased its position in shares of QuinStreet by 13.6% in the first quarter. Driehaus Capital Management LLC now owns 3,165,649 shares of the technology company’s stock valued at $56,475,000 after buying an additional 377,954 shares in the last quarter. American Century Companies Inc. increased its position in shares of QuinStreet by 0.9% in the first quarter. American Century Companies Inc. now owns 2,248,579 shares of the technology company’s stock valued at $40,115,000 after buying an additional 20,011 shares in the last quarter. Millennium Management LLC increased its position in shares of QuinStreet by 213.3% in the first quarter. Millennium Management LLC now owns 714,482 shares of the technology company’s stock valued at $12,746,000 after buying an additional 486,406 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of QuinStreet by 2.8% in the first quarter. Northern Trust Corp now owns 670,742 shares of the technology company’s stock valued at $11,966,000 after buying an additional 18,092 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Barrington Research restated an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a research report on Friday, August 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of QuinStreet in a research report on Wednesday. Lake Street Capital dropped their price objective on QuinStreet from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Friday, August 8th. B. Riley dropped their price objective on QuinStreet from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

QuinStreet Price Performance

NASDAQ QNST opened at $15.13 on Thursday. The firm has a market capitalization of $869.22 million, a P/E ratio of 168.11 and a beta of 0.77. QuinStreet, Inc. has a 1-year low of $14.27 and a 1-year high of $26.27. The business’s 50-day simple moving average is $15.75 and its 200-day simple moving average is $16.02.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $262.05 million during the quarter, compared to analyst estimates of $255.84 million. QuinStreet had a net margin of 0.43% and a return on equity of 4.56%. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. QuinStreet has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities research analysts expect that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.

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.