Gregory Wong Sells 11,704 Shares of QuinStreet (NASDAQ:QNST) Stock

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 11,704 shares of QuinStreet stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $20.44, for a total value of $239,229.76. Following the completion of the sale, the chief financial officer owned 481,786 shares of the company’s stock, valued at approximately $9,847,705.84. The trade was a 2.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 7th, Gregory Wong sold 26,296 shares of QuinStreet stock. The stock was sold at an average price of $20.09, for a total value of $528,286.64.
• On Wednesday, July 1st, Gregory Wong sold 10,338 shares of QuinStreet stock. The stock was sold at an average price of $15.00, for a total value of $155,070.00.
• 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 transaction of $268,874.83.

QuinStreet Stock Performance

NASDAQ:QNST opened at $21.06 on Thursday. The company has a fifty day moving average of $16.18 and a 200-day moving average of $13.53. The firm has a market capitalization of $1.21 billion, a P/E ratio of 14.94 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. QuinStreet, Inc. has a twelve month low of $10.28 and a twelve month high of $22.29.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Thursday, August 6th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $373.88 million for the quarter, compared to analyst estimates of $359.95 million. QuinStreet had a net margin of 6.28% and a return on equity of 12.73%. As a group, sell-side analysts anticipate that QuinStreet, Inc. will post 0.94 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on QNST shares. Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Lake Street Capital raised QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Friday, August 7th. Weiss Ratings upgraded QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Zacks Research raised QuinStreet from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 30th. Finally, B. Riley Financial restated a “buy” rating on shares of QuinStreet in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, QuinStreet has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Hedge Funds Weigh In On QuinStreet

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its holdings in QuinStreet by 54.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,066 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of QuinStreet by 17.0% in the second quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock valued at $65,000 after purchasing an additional 649 shares in the last quarter. Allworth Financial LP purchased a new position in shares of QuinStreet during the second quarter valued at approximately $66,000. Farther Finance Advisors LLC grew its holdings in QuinStreet by 10.2% during the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after buying an additional 730 shares in the last quarter. Finally, FJ Capital Management LLC bought a new stake in QuinStreet during the third quarter worth $135,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

About QuinStreet

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.