QuinStreet (NASDAQ:QNST) Director Sells $203,000.00 in Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Asmau Ahmed sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $20.30, for a total transaction of $203,000.00. Following the completion of the sale, the director directly owned 24,979 shares of the company’s stock, valued at approximately $507,073.70. This represents a 28.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Asmau Ahmed also recently made the following trade(s):

• On Friday, August 14th, Asmau Ahmed sold 15,000 shares of QuinStreet stock. The stock was sold at an average price of $20.85, for a total value of $312,750.00.
• On Wednesday, August 12th, Asmau Ahmed sold 10,000 shares of QuinStreet stock. The shares were sold at an average price of $20.43, for a total value of $204,300.00.
• On Tuesday, August 11th, Asmau Ahmed sold 5,000 shares of QuinStreet stock. The shares were sold at an average price of $20.79, for a total value of $103,950.00.

QuinStreet Stock Down 3.3%

NASDAQ QNST opened at $20.37 on Friday. The stock has a market capitalization of $1.17 billion, a P/E ratio of 14.45 and a beta of 0.66. QuinStreet, Inc. has a 52 week low of $10.28 and a 52 week high of $22.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.22. The stock has a fifty day moving average of $16.35 and a 200-day moving average of $13.58.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $373.88 million for the quarter, compared to analyst estimates of $359.95 million. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%. On average, equities research analysts forecast that QuinStreet, Inc. will post 1.06 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Trading of QuinStreet

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in QuinStreet by 17.0% during the second quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock valued at $65,000 after purchasing an additional 649 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in QuinStreet by 10.2% during the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after purchasing an additional 730 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of QuinStreet by 54.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock worth $36,000 after buying an additional 1,066 shares during the period. Entropy Technologies LP boosted its holdings in shares of QuinStreet by 10.0% during the third quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock worth $218,000 after acquiring an additional 1,284 shares during the period. Finally, Captrust Financial Advisors boosted its stake in QuinStreet by 0.8% in 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.

QuinStreet Company Profile

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.