QuinStreet Inc (QNST) Director James R. Simons Sells 605,267 Shares

QuinStreet Inc (NASDAQ:QNST) Director James R. Simons sold 605,267 shares of the stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $15.84, for a total value of $9,587,429.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

James R. Simons also recently made the following trade(s):

  • On Thursday, August 23rd, James R. Simons sold 4,597 shares of QuinStreet stock. The stock was sold at an average price of $15.46, for a total value of $71,069.62.
  • On Tuesday, August 21st, James R. Simons sold 83,975 shares of QuinStreet stock. The stock was sold at an average price of $13.98, for a total value of $1,173,970.50.
  • On Wednesday, August 15th, James R. Simons sold 1,200 shares of QuinStreet stock. The stock was sold at an average price of $13.93, for a total value of $16,716.00.
  • On Friday, August 17th, James R. Simons sold 249,860 shares of QuinStreet stock. The stock was sold at an average price of $13.68, for a total value of $3,418,084.80.
  • On Monday, August 6th, James R. Simons sold 6 shares of QuinStreet stock. The stock was sold at an average price of $15.00, for a total value of $90.00.
  • On Monday, July 16th, James R. Simons sold 957 shares of QuinStreet stock. The shares were sold at an average price of $14.10, for a total value of $13,493.70.
  • On Wednesday, July 18th, James R. Simons sold 230,238 shares of QuinStreet stock. The shares were sold at an average price of $14.09, for a total value of $3,244,053.42.
  • On Monday, July 9th, James R. Simons sold 49 shares of QuinStreet stock. The shares were sold at an average price of $15.00, for a total value of $735.00.
  • On Friday, July 6th, James R. Simons sold 1,102 shares of QuinStreet stock. The shares were sold at an average price of $15.00, for a total value of $16,530.00.
  • On Friday, June 15th, James R. Simons sold 2,018 shares of QuinStreet stock. The shares were sold at an average price of $13.21, for a total value of $26,657.78.

Shares of NASDAQ QNST opened at $15.86 on Tuesday. The firm has a market cap of $755.09 million, a price-to-earnings ratio of 49.56, a PEG ratio of 1.19 and a beta of 0.98. QuinStreet Inc has a 1 year low of $4.95 and a 1 year high of $16.42.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.06. The business had revenue of $111.50 million during the quarter, compared to analyst estimates of $100.62 million. QuinStreet had a return on equity of 12.72% and a net margin of 3.94%. The company’s revenue was up 36.8% compared to the same quarter last year. During the same period last year, the company posted $0.06 EPS. equities research analysts predict that QuinStreet Inc will post 0.54 earnings per share for the current year.

A number of brokerages have issued reports on QNST. Zacks Investment Research raised QuinStreet from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research note on Saturday, May 5th. BidaskClub lowered QuinStreet from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 24th. Singular Research began coverage on QuinStreet in a research note on Friday, July 6th. They set a “long” rating and a $16.75 price target for the company. Craig Hallum began coverage on QuinStreet in a research note on Wednesday, June 27th. They set a “buy” rating and a $20.00 price target for the company. Finally, Northland Securities began coverage on QuinStreet in a research note on Thursday, June 21st. They set an “outperform” rating and a $20.00 price target for the company. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $17.29.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of QuinStreet by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 492,783 shares of the technology company’s stock worth $6,258,000 after acquiring an additional 7,711 shares in the last quarter. Millennium Management LLC boosted its stake in shares of QuinStreet by 961.2% during the 2nd quarter. Millennium Management LLC now owns 157,906 shares of the technology company’s stock worth $2,005,000 after acquiring an additional 143,026 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of QuinStreet during the 2nd quarter worth $424,000. Bank of America Corp DE boosted its stake in shares of QuinStreet by 59.0% during the 2nd quarter. Bank of America Corp DE now owns 20,898 shares of the technology company’s stock worth $265,000 after acquiring an additional 7,758 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC bought a new stake in shares of QuinStreet during the 2nd quarter worth $6,699,000. 80.89% of the stock is owned by institutional investors and hedge funds.

QuinStreet Company Profile

QuinStreet, Inc, an Internet performance marketing and media company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

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Insider Buying and Selling by Quarter for QuinStreet (NASDAQ:QNST)

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