QuinStreet (NASDAQ:QNST) Director Sells $103,950.00 in Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Asmau Ahmed sold 5,000 shares of QuinStreet stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $20.79, for a total value of $103,950.00. Following the sale, the director directly owned 59,979 shares of the company’s stock, valued at $1,246,963.41. This represents a 7.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Asmau Ahmed also recently made the following trade(s):

• On Wednesday, August 12th, Asmau Ahmed sold 10,000 shares of QuinStreet stock. The stock was sold at an average price of $20.43, for a total value of $204,300.00.

QuinStreet Price Performance

Shares of NASDAQ QNST opened at $20.50 on Friday. The firm has a market capitalization of $1.18 billion, a P/E ratio of 14.54 and a beta of 0.66. The company has a quick ratio of 1.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $15.67 and its two-hundred day simple moving average is $13.39. QuinStreet, Inc. has a twelve month low of $10.28 and a twelve month high of $22.29.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm had revenue of $373.88 million for the quarter, compared to analysts’ expectations of $359.95 million. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%. As a group, equities analysts anticipate that QuinStreet, Inc. will post 0.94 EPS for the current fiscal year.

Hedge Funds Weigh In On QuinStreet

Several institutional investors have recently modified their holdings of QNST. Man Group plc purchased a new position in shares of QuinStreet during the 2nd quarter valued at about $245,000. Jupiter Topco LLC purchased a new stake in QuinStreet in the second quarter worth approximately $387,000. Hsbc Holdings PLC purchased a new stake in QuinStreet in the second quarter worth approximately $3,511,000. Canada Pension Plan Investment Board purchased a new stake in QuinStreet in the second quarter worth approximately $790,000. Finally, Legal & General Group Plc bought a new position in QuinStreet during the second quarter valued at approximately $2,017,000. 97.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

QNST has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. Zacks Research raised shares of QuinStreet from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 30th. B. Riley Financial reissued a “buy” rating on shares of QuinStreet in a report on Friday, August 7th. Lake Street Capital upgraded shares of QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Friday, August 7th. Finally, Wall Street Zen raised shares of QuinStreet from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, QuinStreet currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

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.