QuinStreet (NASDAQ:QNST) CFO Sells $528,286.64 in Stock

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 26,296 shares of the business’s stock in a transaction 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 transaction, the chief financial officer owned 521,883 shares of the company’s stock, valued at $10,484,629.47. This trade represents a 4.80% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 stock was 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 value of $268,874.83.

QuinStreet Price Performance

Shares of NASDAQ QNST opened at $20.74 on Friday. QuinStreet, Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $22.29. The firm’s 50-day simple moving average is $15.50 and its 200 day simple moving average is $13.34. The company has a quick ratio of 1.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.19 billion, a P/E ratio of 14.71 and a beta of 0.66.

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

Wall Street Analyst Weigh In

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

Institutional Trading of QuinStreet

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its holdings in QuinStreet by 54.4% during the first 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 in the last quarter. GAMMA Investing LLC lifted its position in shares of QuinStreet by 17.0% during the 2nd quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock valued at $65,000 after acquiring an additional 649 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of QuinStreet during the 2nd quarter valued at $66,000. Farther Finance Advisors LLC boosted its stake in shares of QuinStreet by 10.2% during the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after acquiring an additional 730 shares in the last quarter. Finally, Tripletail Wealth Management LLC boosted its stake in shares of QuinStreet by 35.2% during the 4th quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock worth $133,000 after acquiring an additional 2,420 shares in the last quarter. 97.83% of the stock is owned by institutional investors and hedge funds.

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.