QuinStreet, Inc. (NASDAQ:QNST – Get Free Report) CEO Douglas Valenti sold 751,631 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $20.50, for a total value of $15,408,435.50. Following the transaction, the chief executive officer owned 996,278 shares of the company’s stock, valued at $20,423,699. This represents a 43.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
QuinStreet Stock Down 5.1%
Shares of NASDAQ QNST opened at $20.90 on Wednesday. QuinStreet, Inc. has a 52-week low of $10.28 and a 52-week high of $22.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.22. The business has a fifty day moving average of $15.13 and a two-hundred day moving average of $13.25. The stock has a market cap of $1.20 billion, a PE ratio of 14.82 and a beta of 0.66.
QuinStreet (NASDAQ:QNST – Get Free Report) last posted its earnings results on Thursday, August 6th. The technology company reported $0.50 earnings per share 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, equities research analysts expect that QuinStreet, Inc. will post 0.94 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on QNST
Hedge Funds Weigh In On QuinStreet
A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in QuinStreet by 17.0% during the 2nd quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock worth $65,000 after buying an additional 649 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of QuinStreet by 10.2% during the 4th 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 during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of QuinStreet by 54.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,066 shares in the last quarter. Entropy Technologies LP grew its holdings in shares of QuinStreet by 10.0% in the 3rd quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock valued at $218,000 after acquiring an additional 1,284 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in shares of QuinStreet by 0.8% in the fourth quarter. Captrust Financial Advisors now owns 173,144 shares of the technology company’s stock valued at $2,488,000 after acquiring an additional 1,379 shares during the last quarter. 97.83% of the stock is owned by institutional investors.
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.
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