QuinStreet (NASDAQ:QNST) Director Asmau Ahmed Sells 10,000 Shares of Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Asmau Ahmed sold 10,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $20.43, for a total value of $204,300.00. Following the sale, the director owned 49,979 shares of the company’s stock, valued at approximately $1,021,070.97. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, August 11th, Asmau Ahmed sold 5,000 shares of QuinStreet stock. The shares were sold at an average price of $20.79, for a total value of $103,950.00.

QuinStreet Stock Down 0.2%

Shares of NASDAQ QNST opened at $20.74 on Friday. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 14.71 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. QuinStreet, Inc. has a 12 month low of $10.28 and a 12 month high of $22.29. The stock has a 50-day moving average price of $15.50 and a two-hundred day moving average price of $13.34.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On QuinStreet

A number of hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 during the period. Millennium Management LLC lifted its holdings in QuinStreet by 213.3% during the 1st 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. lifted its holdings in QuinStreet by 19.6% during the 1st 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 stake in shares of QuinStreet in the 1st quarter valued at about $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of 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 buying an additional 2,135 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.