QuinStreet, Inc. (NASDAQ:QNST – Get Free Report) Director Asmau Ahmed sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $20.43, for a total transaction of $204,300.00. Following the completion of the sale, the director directly owned 49,979 shares of the company’s stock, valued at $1,021,070.97. The trade was a 16.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Asmau Ahmed also recently made the following trade(s):
- On Tuesday, August 11th, Asmau Ahmed sold 5,000 shares of QuinStreet stock. The stock was sold at an average price of $20.79, for a total transaction of $103,950.00.
QuinStreet Trading Down 0.2%
Shares of NASDAQ QNST traded down $0.05 during midday trading on Thursday, reaching $20.74. 795,008 shares of the stock were exchanged, compared to its average volume of 836,112. QuinStreet, Inc. has a 12 month low of $10.28 and a 12 month high of $22.29. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 14.71 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 business has a 50-day simple moving average of $15.32 and a two-hundred day simple moving average of $13.29.
Institutional Investors Weigh In On QuinStreet
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of QuinStreet during the 2nd quarter worth approximately $160,805,000. Lazard Asset Management LLC lifted its position in shares of QuinStreet by 619.0% in the first 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 in the last quarter. Balyasny Asset Management L.P. boosted its holdings in QuinStreet by 1,000.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 900,264 shares of the technology company’s stock worth $12,937,000 after purchasing an additional 1,000,264 shares during the last quarter. NewEdge Wealth LLC bought a new position in QuinStreet in the second quarter valued at $12,157,000. Finally, Heartland Advisors Inc. bought a new position in QuinStreet in the second quarter valued at $8,790,000. Institutional investors and hedge funds own 97.83% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on QNST. Zacks Research upgraded QuinStreet from a “strong sell” rating to a “hold” rating in a report on Thursday, July 30th. Lake Street Capital upgraded shares of QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Friday, August 7th. Wall Street Zen raised shares of QuinStreet from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. B. Riley Financial reiterated a “buy” rating on shares of QuinStreet in a report on Friday, August 7th. Finally, Weiss Ratings raised shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.00.
Get Our Latest Stock Analysis on QNST
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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