27,314 Shares in QuinStreet, Inc. $QNST Purchased by State of Wyoming

State of Wyoming bought a new position in shares of QuinStreet, Inc. (NASDAQ:QNST) during the 2nd quarter, HoldingsChannel reports. The firm bought 27,314 shares of the technology company’s stock, valued at approximately $400,000.

A number of other institutional investors have also added to or reduced their stakes in QNST. PNC Financial Services Group Inc. raised its holdings in shares of QuinStreet by 54.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,066 shares in the last quarter. GAMMA Investing LLC lifted 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 worth $65,000 after purchasing an additional 649 shares during the period. Farther Finance Advisors LLC boosted its stake 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 in the last quarter. FJ Capital Management LLC bought a new position in shares of QuinStreet during the third quarter valued at approximately $135,000. Finally, Tripletail Wealth Management LLC increased its holdings in 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 buying an additional 2,420 shares during the period. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Analysts Set New Price Targets

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

QuinStreet Stock Up 2.9%

NASDAQ:QNST opened at $20.76 on Wednesday. The company’s 50-day simple moving average is $16.01 and its 200-day simple moving average is $13.47. 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, Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $22.29. The stock has a market capitalization of $1.19 billion, a P/E ratio of 14.72 and a beta of 0.66.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. QuinStreet had a net margin of 6.28% and a return on equity of 12.73%. The firm had revenue of $373.88 million during the quarter, compared to analyst estimates of $359.95 million. On average, equities analysts anticipate that QuinStreet, Inc. will post 0.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Asmau Ahmed sold 15,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $20.85, for a total transaction of $312,750.00. Following the transaction, the director directly owned 34,979 shares of the company’s stock, valued at approximately $729,312.15. This represents a 30.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Gregory Wong sold 26,296 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $20.09, for a total value of $528,286.64. Following the transaction, the chief financial officer directly owned 521,883 shares in the company, valued at approximately $10,484,629.47. The trade was a 4.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last three months, insiders have sold 862,026 shares of company stock valued at $17,423,897. 5.00% of the stock is currently owned by insiders.

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.