QuinStreet President Bronwyn Syiek Sells 39,611 Shares (QNST)
QuinStreet (NASDAQ:QNST) President Bronwyn Syiek sold 39,611 shares of QuinStreet stock on the open market in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $9.44, for a total transaction of $373,927.84. Following the transaction, the president now directly owns 113,256 shares in the company, valued at approximately $1,069,137. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on QNST shares. Analysts at Zacks upgraded shares of QuinStreet (NASDAQ:QNST) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $9.70 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of QuinStreet (NASDAQ:QNST) from $7.00 to $8.00 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $7.68.
QuinStreet (NASDAQ:QNST) traded up 1.31% on Friday, hitting $9.31. The stock had a trading volume of 35,790 shares. QuinStreet has a 52 week low of $5.41 and a 52 week high of $9.71. The stock’s 50-day moving average is $9.24 and its 200-day moving average is $8.08. The company’s market cap is $402.5 million.
QuinStreet (NASDAQ:QNST) last released its earnings data on Tuesday, July 30th. The company reported $0.14 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.14. The company had revenue of $75.70 million for the quarter, compared to the consensus estimate of $75.95 million. The company’s quarterly revenue was down 11.7% on a year-over-year basis.
QuinStreet, Inc (NASDAQ:QNST) is engaged in vertical marketing and media on the Internet.
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