QuinStreet (NASDAQ:QNST) CFO Sells $239,229.76 in Stock

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 11,704 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $20.44, for a total transaction of $239,229.76. Following the completion of the transaction, the chief financial officer owned 481,786 shares in the company, valued at approximately $9,847,705.84. This represents a 2.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 7th, Gregory Wong sold 26,296 shares of QuinStreet stock. The stock was sold at an average price of $20.09, for a total transaction of $528,286.64.
• 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 transaction 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 Up 2.9%

Shares of NASDAQ QNST traded up $0.59 during mid-day trading on Tuesday, reaching $20.76. The company had a trading volume of 766,154 shares, compared to its average volume of 833,953. QuinStreet, Inc. has a twelve month low of $10.28 and a twelve month 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 market capitalization of $1.19 billion, a PE ratio of 14.72 and a beta of 0.66. The stock’s 50 day moving average is $15.83 and its 200-day moving average is $13.42.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%.The firm had revenue of $373.88 million during the quarter, compared to analysts’ expectations of $359.95 million. As a group, equities analysts anticipate that QuinStreet, Inc. will post 0.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On QuinStreet

A number of hedge funds have recently bought and sold shares of QNST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of QuinStreet by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock valued at $571,000 after purchasing an additional 1,381 shares during the last quarter. Millennium Management LLC lifted its position in shares of QuinStreet by 213.3% during the 1st quarter. Millennium Management LLC now owns 714,482 shares of the technology company’s stock worth $12,746,000 after purchasing an additional 486,406 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of QuinStreet by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 540,286 shares of the technology company’s stock worth $9,639,000 after purchasing an additional 88,431 shares during the last quarter. Caxton Associates LLP bought a new stake in QuinStreet during the 1st quarter valued at approximately $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in QuinStreet by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,366 shares of the technology company’s stock valued at $2,022,000 after purchasing an additional 2,135 shares during the period. 97.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.