Insider Buying: Douglas Valenti Purchases 7,000 Shares of QuinStreet Stock (QNST)
QuinStreet (NASDAQ:QNST) CEO Douglas Valenti bought 7,000 shares of QuinStreet stock in a transaction dated Friday, August 29th. The shares were purchased at an average price of $4.79 per share, for a total transaction of $33,530.00. Following the completion of the transaction, the chief executive officer now directly owns 199,832 shares of the company’s stock, valued at approximately $957,195. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of QuinStreet in a research note on Wednesday, August 13th. They now have a $5.00 price target on the stock, down previously from $7.00.
QuinStreet (NASDAQ:QNST) traded up 3.68% during mid-day trading on Friday, hitting $4.79. 176,838 shares of the company’s stock traded hands. QuinStreet has a one year low of $4.50 and a one year high of $9.62. The stock has a 50-day moving average of $5.05 and a 200-day moving average of $5.80. The company’s market cap is $209.9 million.
QuinStreet (NASDAQ:QNST) last announced its earnings results on Tuesday, August 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.04. The company had revenue of $67.60 million for the quarter, compared to the consensus estimate of $68.50 million. Analysts expect that QuinStreet will post $0.23 EPS for the current fiscal year.
QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients.
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