Insider Selling: QuinStreet (NASDAQ:QNST) CFO Sells $155,070.00 in Stock

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 10,338 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $15.00, for a total transaction of $155,070.00. Following the completion of the sale, the chief financial officer owned 390,344 shares in the company, valued at $5,855,160. This represents a 2.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 QNST stock traded up $0.50 on Thursday, reaching $15.82. The stock had a trading volume of 647,558 shares, compared to its average volume of 815,734. The company has a 50 day simple moving average of $12.67 and a 200 day simple moving average of $12.83. The stock has a market cap of $908.78 million, a P/E ratio of 13.88 and a beta of 0.67. QuinStreet, Inc. has a 1 year low of $10.28 and a 1 year high of $17.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 1.18.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.14. The firm had revenue of $346.14 million for the quarter, compared to analysts’ expectations of $336.22 million. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. The business’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 EPS. Equities research analysts expect that QuinStreet, Inc. will post 0.53 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QNST. Farther Finance Advisors LLC grew its stake in shares of QuinStreet by 10.2% in the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after buying an additional 730 shares in the last quarter. PNC Financial Services Group Inc. raised its position in QuinStreet by 54.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,066 shares during the period. Entropy Technologies LP lifted its stake in QuinStreet by 10.0% in the third quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock worth $218,000 after purchasing an additional 1,284 shares during the last quarter. Captrust Financial Advisors lifted its stake in QuinStreet by 0.8% in the fourth quarter. Captrust Financial Advisors now owns 173,144 shares of the technology company’s stock worth $2,488,000 after purchasing an additional 1,379 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of QuinStreet by 4.5% during 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 buying an additional 1,381 shares during the period. 97.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wall Street Zen upgraded shares of QuinStreet from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. B. Riley Financial upgraded shares of QuinStreet to a “strong-buy” rating in a research report on Thursday, April 2nd. Weiss Ratings cut shares of QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. Finally, Northland Securities began coverage on shares of QuinStreet in a research report on Tuesday, March 17th. They set an “outperform” rating and a $17.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, QuinStreet has an average rating of “Moderate Buy” and a consensus target price of $20.50.

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.