QuinStreet, Inc. (NASDAQ:QNST – Get Free Report) CFO Gregory Wong sold 26,296 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $20.09, for a total transaction of $528,286.64. Following the completion of the transaction, the chief financial officer directly owned 521,883 shares of the company’s stock, valued at $10,484,629.47. This trade represents a 4.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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.
Gregory Wong also recently made the following trade(s):
- On Wednesday, July 1st, Gregory Wong sold 10,338 shares of QuinStreet stock. The shares were sold at an average price of $15.00, for a total transaction of $155,070.00.
- On Monday, June 15th, Gregory Wong sold 22,057 shares of QuinStreet stock. The shares were sold at an average price of $12.19, for a total transaction of $268,874.83.
QuinStreet Price Performance
Shares of NASDAQ:QNST opened at $20.90 on Wednesday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 14.82 and a beta of 0.66. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.22 and a quick ratio of 1.18. The firm has a 50 day simple moving average of $15.13 and a 200 day simple moving average of $13.25. QuinStreet, Inc. has a one year low of $10.28 and a one year high of $22.29.
Analyst Ratings Changes
A number of brokerages have issued reports on QNST. Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Zacks Research raised QuinStreet from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 30th. 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. Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, B. Riley Financial restated a “buy” rating on shares of QuinStreet in a report on Friday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, QuinStreet presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.
Get Our Latest Stock Report on QuinStreet
Institutional Investors Weigh In On QuinStreet
Several hedge funds and other institutional investors have recently modified their holdings of QNST. Heartland Advisors Inc. acquired a new stake in QuinStreet in the 1st quarter valued at $6,005,000. Pacer Advisors Inc. lifted its stake in shares of QuinStreet by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 284,833 shares of the technology company’s stock valued at $4,093,000 after buying an additional 80,862 shares in the last quarter. OP Asset Management Ltd acquired a new position in shares of QuinStreet during the first quarter valued at about $1,779,000. Jacobs Asset Management LLC grew its holdings in shares of QuinStreet by 21.6% during the first quarter. Jacobs Asset Management LLC now owns 1,134,300 shares of the technology company’s stock valued at $13,623,000 after buying an additional 201,800 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of QuinStreet during the first quarter worth about $949,000. Institutional investors 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.
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