Insider Selling: QuinStreet (NASDAQ:QNST) CFO Sells $239,229.76 in Stock

QuinStreet, Inc. (NASDAQ:QNSTGet Free Report) CFO Gregory Wong sold 11,704 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $20.44, for a total transaction of $239,229.76. Following the completion of the sale, the chief financial officer directly owned 481,786 shares of the company’s stock, valued at $9,847,705.84. The trade was a 2.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gregory Wong also recently made the following trade(s):

  • On Friday, August 7th, Gregory Wong sold 26,296 shares of QuinStreet stock. The stock was sold at an average price of $20.09, for a total transaction of $528,286.64.
  • On Wednesday, July 1st, Gregory Wong sold 10,338 shares of QuinStreet stock. The stock was 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

NASDAQ:QNST traded up $0.59 during trading hours on Tuesday, reaching $20.76. 766,154 shares of the company’s stock were exchanged, compared to its average volume of 833,953. The company has a quick ratio of 1.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $1.19 billion, a P/E ratio of 14.72 and a beta of 0.66. QuinStreet, Inc. has a 12 month low of $10.28 and a 12 month high of $22.29. The business’s 50-day simple moving average is $15.83 and its two-hundred day simple moving average is $13.42.

QuinStreet (NASDAQ:QNSTGet Free Report) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%.The company had revenue of $373.88 million for the quarter, compared to analysts’ expectations of $359.95 million. Sell-side analysts expect that QuinStreet, Inc. will post 0.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Zacks Research upgraded QuinStreet from a “strong sell” rating to a “hold” rating in a report on Thursday, July 30th. Weiss Ratings raised shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. B. Riley Financial reiterated a “buy” rating on shares of QuinStreet in a report on Friday, August 7th. Finally, Lake Street Capital raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.00.

Read Our Latest Research Report on QNST

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QNST. BlackRock Inc. acquired a new position in QuinStreet during the second quarter valued at $160,805,000. Lazard Asset Management LLC lifted its stake in QuinStreet by 619.0% in the 1st quarter. Lazard Asset Management LLC now owns 1,441,113 shares of the technology company’s stock worth $17,308,000 after acquiring an additional 1,240,667 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in QuinStreet by 1,000.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 900,264 shares of the technology company’s stock worth $12,937,000 after acquiring an additional 1,000,264 shares during the period. NewEdge Wealth LLC purchased a new position in QuinStreet during the 2nd quarter valued at about $12,157,000. Finally, Heartland Advisors Inc. acquired a new position in shares of QuinStreet in the 2nd quarter valued at about $8,790,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

About QuinStreet

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for QuinStreet (NASDAQ:QNST)

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