QuinStreet Trading Up 3.2% on Insider Buying Activity (QNST)
QuinStreet (NASDAQ:QNST)’s share price was up 3.2% during mid-day trading on Friday following insider buying activity, StockRatingsNetwork reports. The stock traded as high as $4.88 and last traded at $4.77, with a volume of 96,325 shares. The stock had previously closed at $4.62.
Specifically, CEO Douglas Valenti acquired 25,000 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was purchased at an average cost of $4.65 per share, for a total transaction of $116,250.00. 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.
The stock’s 50-day moving average is $5.05 and its 200-day moving average is $5.80. The company’s market cap is $209.5 million.
QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ 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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