Insider Selling: QuinStreet, Inc. (QNST) Director Sells 14,000 Shares of Stock
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.
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.
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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.
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