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 hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio raised its position in QuinStreet by 8.5% during the second quarter. Strs Ohio now owns 45,900 shares of the technology company’s stock valued at $582,000 after purchasing an additional 3,600 shares in the last quarter. Systematic Financial Management LP raised its position in QuinStreet by 3.9% during the second quarter. Systematic Financial Management LP now owns 105,490 shares of the technology company’s stock valued at $1,340,000 after purchasing an additional 3,965 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in QuinStreet by 23.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 22,287 shares of the technology company’s stock valued at $285,000 after purchasing an additional 4,262 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in QuinStreet by 5.7% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 82,950 shares of the technology company’s stock valued at $1,058,000 after purchasing an additional 4,480 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in QuinStreet by 6.4% during the first quarter. Citadel Advisors LLC now owns 74,466 shares of the technology company’s stock valued at $951,000 after purchasing an additional 4,509 shares in the last quarter. Institutional investors and hedge funds own 80.85% of the company’s stock.

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.

About QuinStreet

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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