QuinStreet Inc (NASDAQ:QNST) Director James R. Simons sold 229,717 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $13.67, for a total value of $3,140,231.39. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
James R. Simons also recently made the following trade(s):
- On Tuesday, January 16th, James R. Simons sold 845 shares of QuinStreet stock. The stock was sold at an average price of $9.20, for a total value of $7,774.00.
- On Thursday, January 18th, James R. Simons sold 229,627 shares of QuinStreet stock. The stock was sold at an average price of $9.00, for a total value of $2,066,643.00.
- On Tuesday, December 19th, James R. Simons sold 229,716 shares of QuinStreet stock. The stock was sold at an average price of $8.63, for a total value of $1,982,449.08.
Shares of QNST stock opened at $14.12 on Wednesday. The firm has a market capitalization of $638.03, a P/E ratio of 275.26, a P/E/G ratio of 3.07 and a beta of 0.89. QuinStreet Inc has a fifty-two week low of $3.36 and a fifty-two week high of $14.38.
QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $87.49 million for the quarter, compared to analysts’ expectations of $75.18 million. QuinStreet had a return on equity of 5.77% and a net margin of 0.78%. The company’s revenue was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) EPS. research analysts forecast that QuinStreet Inc will post 0.18 earnings per share for the current year.
QNST has been the subject of a number of analyst reports. Stephens reissued a “buy” rating and set a $11.50 target price on shares of QuinStreet in a research note on Thursday, February 1st. Barrington Research reissued a “buy” rating and set a $15.00 target price on shares of QuinStreet in a research note on Tuesday. Finally, Zacks Investment Research upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Friday, February 9th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of QuinStreet by 22.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,623,130 shares of the technology company’s stock worth $6,768,000 after acquiring an additional 296,222 shares during the period. State Street Corp grew its holdings in shares of QuinStreet by 4.5% in the 2nd quarter. State Street Corp now owns 764,300 shares of the technology company’s stock worth $3,184,000 after acquiring an additional 32,730 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of QuinStreet in the 3rd quarter worth approximately $490,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of QuinStreet in the 3rd quarter worth approximately $441,000. Finally, Bailard Inc. acquired a new stake in shares of QuinStreet in the 4th quarter worth approximately $470,000. Institutional investors and hedge funds own 67.21% of the company’s stock.
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QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.
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