Gregory Wong Sells 26,296 Shares of QuinStreet (NASDAQ:QNST) Stock

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 26,296 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $20.09, for a total value of $528,286.64. Following the sale, the chief financial officer directly owned 521,883 shares in the company, valued at $10,484,629.47. This represents a 4.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Gregory Wong also recently made the following trade(s):

• On Wednesday, July 1st, Gregory Wong sold 10,338 shares of QuinStreet stock. The shares were sold at an average price of $15.00, for a total value of $155,070.00.
• On Monday, June 15th, Gregory Wong sold 22,057 shares of QuinStreet stock. The shares were sold at an average price of $12.19, for a total transaction of $268,874.83.

QuinStreet Stock Performance

Shares of QuinStreet stock opened at $20.79 on Thursday. QuinStreet, Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $22.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.22 and a quick ratio of 1.18. The firm has a market capitalization of $1.19 billion, a P/E ratio of 14.74 and a beta of 0.66. The company’s 50 day moving average price is $15.32 and its two-hundred day moving average price is $13.29.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. QuinStreet had a net margin of 6.28% and a return on equity of 12.73%. The company had revenue of $373.88 million during the quarter, compared to the consensus estimate of $359.95 million. On average, equities analysts forecast that QuinStreet, Inc. will post 0.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on QNST shares. Zacks Research upgraded QuinStreet from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 30th. Lake Street Capital upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Friday, August 7th. Wall Street Zen raised QuinStreet from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Finally, B. Riley Financial reiterated a “buy” rating on shares of QuinStreet in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of QuinStreet by 17.0% during the second quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock worth $65,000 after acquiring an additional 649 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in QuinStreet by 10.2% in the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after acquiring an additional 730 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in QuinStreet by 54.4% in the first quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,066 shares during the last quarter. Entropy Technologies LP increased its position in QuinStreet by 10.0% during the 3rd quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock valued at $218,000 after purchasing an additional 1,284 shares during the period. Finally, Captrust Financial Advisors increased its position in QuinStreet by 0.8% during the 4th quarter. Captrust Financial Advisors now owns 173,144 shares of the technology company’s stock valued at $2,488,000 after purchasing an additional 1,379 shares during the period. 97.83% of the stock is owned by institutional investors.

About QuinStreet

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.