QuinStreet Inc (QNST) CEO Douglas Valenti Sells 38,320 Shares
QuinStreet Inc (NASDAQ:QNST) CEO Douglas Valenti sold 38,320 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $14.34, for a total value of $549,508.80. Following the completion of the sale, the chief executive officer now owns 287,919 shares in the company, valued at approximately $4,128,758.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of QNST stock traded down $0.11 on Friday, reaching $14.22. The company’s stock had a trading volume of 555,100 shares, compared to its average volume of 676,294. QuinStreet Inc has a 12-month low of $5.82 and a 12-month high of $16.42. The company has a market capitalization of $670.25 million, a PE ratio of 45.50, a price-to-earnings-growth ratio of 1.05 and a beta of 0.99.
QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.06. QuinStreet had a return on equity of 12.72% and a net margin of 3.94%. The business had revenue of $111.50 million for the quarter, compared to the consensus estimate of $100.62 million. During the same quarter last year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 36.8% on a year-over-year basis. sell-side analysts predict that QuinStreet Inc will post 0.54 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on the company. BidaskClub downgraded QuinStreet from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 16th. TheStreet upgraded QuinStreet from a “c+” rating to a “b-” rating in a research report on Monday, July 9th. Craig Hallum assumed coverage on QuinStreet in a research report on Wednesday, June 27th. They issued a “buy” rating and a $20.00 price objective on the stock. Northland Securities assumed coverage on QuinStreet in a research report on Thursday, June 21st. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, Zacks Investment Research downgraded QuinStreet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Seven investment analysts have rated the stock with a buy rating, QuinStreet has an average rating of “Buy” and an average price target of $17.29.
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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