QuinStreet, Inc. (NASDAQ:QNST) Insider Sells $23,620.00 in Stock
QuinStreet, Inc. (NASDAQ:QNST) insider Nina Bhanap sold 5,905 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $4.00, for a total value of $23,620.00. Following the completion of the sale, the insider now directly owns 268,707 shares in the company, valued at approximately $1,074,828. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Nina Bhanap also recently made the following trade(s):
- On Friday, June 2nd, Nina Bhanap sold 5,905 shares of QuinStreet stock. The shares were sold at an average price of $3.96, for a total value of $23,383.80.
Shares of QuinStreet, Inc. (QNST) traded up 0.50% during mid-day trading on Thursday, reaching $3.99. The company’s stock had a trading volume of 48,505 shares. The company’s market capitalization is $181.39 million. QuinStreet, Inc. has a 1-year low of $2.61 and a 1-year high of $4.63. The firm’s 50 day moving average price is $3.90 and its 200-day moving average price is $3.77.
QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. The company had revenue of $79.21 million during the quarter, compared to analyst estimates of $82.22 million. QuinStreet had a negative net margin of 4.62% and a negative return on equity of 4.35%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 EPS. On average, analysts predict that QuinStreet, Inc. will post $0.10 EPS for the current year.
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Separately, TheStreet raised QuinStreet from a “d+” rating to a “c” rating in a research report on Wednesday, June 28th.
Several institutional investors have recently made changes to their positions in QNST. Comerica Bank raised its position in shares of QuinStreet by 7.0% in the fourth quarter. Comerica Bank now owns 38,052 shares of the technology company’s stock worth $151,000 after buying an additional 2,503 shares during the period. Dimensional Fund Advisors LP raised its position in shares of QuinStreet by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 740,205 shares of the technology company’s stock worth $2,783,000 after buying an additional 18,936 shares during the period. Guggenheim Capital LLC raised its position in shares of QuinStreet by 2,872.6% in the fourth quarter. Guggenheim Capital LLC now owns 605,582 shares of the technology company’s stock worth $2,277,000 after buying an additional 585,210 shares during the period. State of Tennessee Treasury Department raised its position in shares of QuinStreet by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 31,119 shares of the technology company’s stock worth $121,000 after buying an additional 4,696 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in shares of QuinStreet during the fourth quarter worth $178,000. Institutional investors own 64.26% of the company’s stock.
QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.
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