QuinStreet (NASDAQ:QNST) Director Sells $312,750.00 in Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Asmau Ahmed sold 15,000 shares of QuinStreet stock in a transaction on Friday, August 14th. The shares were sold at an average price of $20.85, for a total transaction of $312,750.00. Following the sale, the director directly owned 34,979 shares of the company’s stock, valued at $729,312.15. This trade represents a 30.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, August 17th, Asmau Ahmed sold 10,000 shares of QuinStreet stock. The shares were sold at an average price of $20.30, for a total value of $203,000.00.
• 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 stock was sold at an average price of $20.79, for a total transaction of $103,950.00.

QuinStreet Stock Performance

QNST opened at $20.37 on Friday. The company has a market cap of $1.17 billion, a PE ratio of 14.45 and a beta of 0.66. The stock has a 50-day moving average of $16.35 and a 200-day moving average of $13.58. QuinStreet, Inc. has a 52-week low of $10.28 and a 52-week 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 issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The company had revenue of $373.88 million for the quarter, compared to the consensus estimate of $359.95 million. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%. As a group, equities research analysts forecast that QuinStreet, Inc. will post 1.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On QuinStreet

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position 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 grew its position in shares of QuinStreet by 17.0% in the 2nd quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock valued at $65,000 after acquiring an additional 649 shares during the period. Allworth Financial LP acquired a new position in shares of QuinStreet during the 2nd quarter worth about $66,000. Farther Finance Advisors LLC increased its stake in shares of QuinStreet by 10.2% during the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after purchasing an additional 730 shares during the last quarter. Finally, Tripletail Wealth Management LLC raised its holdings in shares of QuinStreet by 35.2% in the 4th 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 period. Institutional investors and hedge funds own 97.83% of the company’s stock.

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.