Asmau Ahmed Sells 10,000 Shares of QuinStreet (NASDAQ:QNST) Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Asmau Ahmed sold 10,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $20.30, for a total transaction of $203,000.00. Following the completion of the transaction, the director directly owned 24,979 shares in the company, valued at $507,073.70. This trade represents a 28.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Asmau Ahmed also recently made the following trade(s):

• On Friday, August 14th, Asmau Ahmed sold 15,000 shares of QuinStreet stock. The stock was sold at an average price of $20.85, for a total transaction of $312,750.00.
• On Wednesday, August 12th, Asmau Ahmed sold 10,000 shares of QuinStreet stock. The shares were sold at an average price of $20.43, for a total transaction of $204,300.00.
• On Tuesday, August 11th, Asmau Ahmed sold 5,000 shares of QuinStreet stock. The shares were sold at an average price of $20.79, for a total transaction of $103,950.00.

QuinStreet Stock Performance

Shares of QNST stock opened at $21.06 on Thursday. The stock’s 50-day moving average is $16.18 and its two-hundred day moving average is $13.53. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 14.94 and a beta of 0.66. QuinStreet, Inc. has a 1 year low of $10.28 and a 1 year 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.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Thursday, August 6th. The technology company reported $0.50 EPS for the quarter, topping 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 business had revenue of $373.88 million for the quarter, compared to analysts’ expectations of $359.95 million. Analysts predict that QuinStreet, Inc. will post 0.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. B. Riley Financial reiterated a “buy” rating on shares of QuinStreet in a research note on Friday, August 7th. Lake Street Capital raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Friday, August 7th. Finally, Zacks Research upgraded shares of QuinStreet from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of QuinStreet by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock worth $571,000 after acquiring an additional 1,381 shares in the last quarter. Millennium Management LLC increased its stake in QuinStreet by 213.3% in the 1st quarter. Millennium Management LLC now owns 714,482 shares of the technology company’s stock valued at $12,746,000 after purchasing an additional 486,406 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in QuinStreet by 19.6% during the first 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 purchased a new stake in QuinStreet during the first quarter worth $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in QuinStreet by 1.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,366 shares of the technology company’s stock worth $2,022,000 after purchasing an additional 2,135 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

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.