Insider Selling: QuinStreet (NASDAQ:QNST) Director Sells $203,000.00 in Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Asmau Ahmed sold 10,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $20.30, for a total value of $203,000.00. Following the completion of the sale, the director owned 24,979 shares in the company, valued at $507,073.70. This trade represents a 28.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, August 14th, Asmau Ahmed sold 15,000 shares of QuinStreet stock. The shares were sold at an average price of $20.85, for a total value of $312,750.00.
• On Wednesday, August 12th, Asmau Ahmed sold 10,000 shares of QuinStreet stock. The shares were sold at an average price of $20.43, for a total value of $204,300.00.
• On Tuesday, August 11th, Asmau Ahmed sold 5,000 shares of QuinStreet stock. The stock was sold at an average price of $20.79, for a total transaction of $103,950.00.

QuinStreet Price Performance

Shares of QuinStreet stock traded up $0.59 during mid-day trading on Tuesday, reaching $20.76. 766,154 shares of the stock were exchanged, compared to its average volume of 833,953. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 14.72 and a beta of 0.66. The company has a current ratio of 1.22, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The firm has a 50-day simple moving average of $15.83 and a 200 day simple moving average of $13.42. QuinStreet, Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $22.29.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The firm 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%. On average, sell-side analysts predict that QuinStreet, Inc. will post 0.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in QuinStreet by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock valued at $571,000 after purchasing an additional 1,381 shares in the last quarter. Millennium Management LLC boosted its position in shares of QuinStreet by 213.3% during the first quarter. Millennium Management LLC now owns 714,482 shares of the technology company’s stock worth $12,746,000 after buying an additional 486,406 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of QuinStreet by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 540,286 shares of the technology company’s stock worth $9,639,000 after buying an additional 88,431 shares during the period. Caxton Associates LLP bought a new position in shares of QuinStreet during the first quarter worth about $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in QuinStreet by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,366 shares of the technology company’s stock valued at $2,022,000 after acquiring an additional 2,135 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on QNST. B. Riley Financial reaffirmed a “buy” rating on shares of QuinStreet in a report on Friday, August 7th. Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Zacks Research upgraded QuinStreet from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. Finally, Lake Street Capital raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Friday, August 7th. Four 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, the company has an average rating of “Moderate Buy” and an average price target 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.