Insider Selling: QuinStreet (NASDAQ:QNST) CEO Sells $15,408,435.50 in Stock

QuinStreet, Inc. (NASDAQ:QNST) CEO Douglas Valenti sold 751,631 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $20.50, for a total value of $15,408,435.50. Following the completion of the sale, the chief executive officer owned 996,278 shares of the company’s stock, valued at $20,423,699. The trade was a 43.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.

QuinStreet Trading Down 5.1%

Shares of QuinStreet stock traded down $1.12 on Tuesday, hitting $20.90. The stock had a trading volume of 2,178,429 shares, compared to its average volume of 834,224. The company has a quick ratio of 1.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.22. QuinStreet, Inc. has a one year low of $10.28 and a one year high of $22.29. The stock’s 50-day simple moving average is $14.96 and its two-hundred day simple moving average is $13.21. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 14.82 and a beta of 0.66.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $373.88 million during the quarter, compared to analyst estimates of $359.95 million. QuinStreet had a net margin of 6.28% and a return on equity of 12.73%. As a group, sell-side analysts predict that QuinStreet, Inc. will post 0.94 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its stake 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 acquiring an additional 1,066 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of QuinStreet by 17.0% during the second quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock valued at $65,000 after purchasing an additional 649 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of QuinStreet by 10.2% during the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after purchasing an additional 730 shares during the last quarter. Tripletail Wealth Management LLC lifted its holdings in shares of QuinStreet by 35.2% during the fourth quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock valued at $133,000 after purchasing an additional 2,420 shares during the last quarter. Finally, FJ Capital Management LLC bought a new stake in shares of QuinStreet in the 3rd quarter worth approximately $135,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. B. Riley Financial restated a “buy” rating on shares of QuinStreet in a report on Friday. Lake Street Capital upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Friday. Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Zacks Research upgraded QuinStreet from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock 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.