QuinStreet (NASDAQ:QNST) CFO Sells $155,070.00 in Stock

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 10,338 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $15.00, for a total transaction of $155,070.00. Following the sale, the chief financial officer directly owned 390,344 shares of the company’s stock, valued at approximately $5,855,160. The trade was a 2.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gregory Wong also recently made the following trade(s):

• On Monday, June 15th, Gregory Wong sold 22,057 shares of QuinStreet stock. The stock was sold at an average price of $12.19, for a total value of $268,874.83.

QuinStreet Price Performance

NASDAQ QNST opened at $15.82 on Friday. The firm has a market cap of $908.70 million, a PE ratio of 13.88 and a beta of 0.67. QuinStreet, Inc. has a one year low of $10.28 and a one year high of $17.13. The stock’s 50 day simple moving average is $12.77 and its 200 day simple moving average is $12.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.14. The firm had revenue of $346.14 million during the quarter, compared to the consensus estimate of $336.22 million. QuinStreet had a return on equity of 9.97% and a net margin of 5.53%.The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. As a group, sell-side analysts forecast that QuinStreet, Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on QNST. Wall Street Zen lowered shares of QuinStreet from a “buy” rating to a “hold” rating in a report on Saturday. Northland Securities began coverage on shares of QuinStreet in a research note on Tuesday, March 17th. They issued an “outperform” rating and a $17.00 target price for the company. B. Riley Financial upgraded shares of QuinStreet to a “strong-buy” rating in a research report on Thursday, April 2nd. Zacks Research cut shares of QuinStreet from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, Weiss Ratings lowered shares of QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.50.

Hedge Funds Weigh In On QuinStreet

Large investors have recently made changes to their positions in the company. Nordea Investment Management AB lifted its position in QuinStreet by 59.8% during the 4th quarter. Nordea Investment Management AB now owns 362,042 shares of the technology company’s stock valued at $5,174,000 after purchasing an additional 135,527 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of QuinStreet by 43.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,633,251 shares of the technology company’s stock valued at $23,470,000 after purchasing an additional 496,492 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in shares of QuinStreet during the 3rd quarter worth approximately $2,320,000. Algert Global LLC grew its position in shares of QuinStreet by 161.4% during the 3rd quarter. Algert Global LLC now owns 580,853 shares of the technology company’s stock worth $8,986,000 after buying an additional 358,610 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of QuinStreet by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 284,833 shares of the technology company’s stock worth $4,093,000 after buying an additional 80,862 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

QuinStreet Company Profile

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.