QuinStreet, Inc. (NASDAQ:QNST) Director John G. Mcdonald sold 14,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $10.37, for a total value of $145,180.00. Following the completion of the transaction, the director now directly owns 67,671 shares in the company, valued at $701,748.27. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of QuinStreet, Inc. (QNST) traded down $0.74 during mid-day trading on Friday, hitting $9.95. The company had a trading volume of 531,051 shares, compared to its average volume of 150,762. QuinStreet, Inc. has a 1-year low of $2.96 and a 1-year high of $10.97. The company has a market cap of $455.15, a P/E ratio of 355.00 and a beta of 1.04.

QuinStreet (NASDAQ:QNST) last released its earnings results on Monday, October 30th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. The firm had revenue of $87.40 million for the quarter, compared to analyst estimates of $79.90 million. QuinStreet had a positive return on equity of 1.06% and a negative net margin of 2.29%. The company’s revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 EPS. sell-side analysts predict that QuinStreet, Inc. will post 0.1 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Algert Global LLC acquired a new stake in QuinStreet in the 3rd quarter valued at approximately $1,429,000. Cornerstone Capital Management Holdings LLC. grew its holdings in QuinStreet by 67.1% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 79,200 shares of the technology company’s stock valued at $581,000 after buying an additional 31,800 shares during the last quarter. OxFORD Asset Management LLP grew its holdings in QuinStreet by 659.0% in the 3rd quarter. OxFORD Asset Management LLP now owns 178,059 shares of the technology company’s stock valued at $1,338,000 after buying an additional 154,599 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in QuinStreet by 9.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 932,647 shares of the technology company’s stock valued at $6,855,000 after buying an additional 84,301 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. acquired a new stake in QuinStreet in the 3rd quarter valued at approximately $441,000. 63.80% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Barrington Research started coverage on QuinStreet in a research note on Tuesday. They issued an “outperform” rating and a $12.50 price objective on the stock.

WARNING: This article was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/12/01/insider-selling-quinstreet-inc-qnst-director-sells-14000-shares-of-stock.html.

QuinStreet Company Profile

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.

Receive News & Ratings for QuinStreet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuinStreet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.