QuinStreet (NASDAQ:QNST) CFO Sells $268,874.83 in Stock

QuinStreet, Inc. (NASDAQ:QNST – Get Free Report) CFO Gregory Wong sold 22,057 shares of QuinStreet stock in a transaction on Monday, June 15th. The stock was sold at an average price of $12.19, for a total value of $268,874.83. Following the completion of the sale, the chief financial officer directly owned 400,682 shares of the company’s stock, valued at approximately $4,884,313.58. The trade was a 5.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

QuinStreet Stock Performance

Shares of QuinStreet stock traded down $0.18 during trading hours on Wednesday, reaching $12.77. 660,856 shares of the stock traded hands, compared to its average volume of 818,805. QuinStreet, Inc. has a one year low of $10.28 and a one year high of $17.13. The company has a 50 day moving average price of $12.37 and a 200 day moving average price of $12.89. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $733.57 million, a price-to-earnings ratio of 11.20 and a beta of 0.70.

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QuinStreet (NASDAQ:QNST – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.14. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. The business had revenue of $346.14 million during the quarter, compared to analyst estimates of $336.22 million. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue was up 28.3% on a year-over-year basis. On average, equities research analysts expect that QuinStreet, Inc. will post 0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC purchased a new stake in QuinStreet during the 1st quarter worth about $949,000. Bank of America Corp DE lifted its stake in shares of QuinStreet by 58.0% in the first quarter. Bank of America Corp DE now owns 179,378 shares of the technology company’s stock valued at $2,154,000 after purchasing an additional 65,880 shares during the period. Amundi raised its position in QuinStreet by 77.6% during the first quarter. Amundi now owns 65,066 shares of the technology company’s stock worth $781,000 after acquiring an additional 28,438 shares during the last quarter. Quantinno Capital Management LP raised its position in QuinStreet by 134.5% during the first quarter. Quantinno Capital Management LP now owns 124,437 shares of the technology company’s stock worth $1,494,000 after acquiring an additional 71,369 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of QuinStreet by 619.0% during the 1st quarter. Lazard Asset Management LLC now owns 1,441,113 shares of the technology company’s stock worth $17,308,000 after purchasing an additional 1,240,667 shares during the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on QNST. Northland Securities started coverage on QuinStreet in a research report on Tuesday, March 17th. They set an “outperform” rating and a $17.00 target price for the company. Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 9th. B. Riley Financial raised QuinStreet to a “strong-buy” rating in a research report on Thursday, April 2nd. Finally, Wall Street Zen lowered QuinStreet from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $20.50.

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QuinStreet Company Profile

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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.

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