QuinStreet, Inc. (NASDAQ:QNST – Get Free Report) Director Asmau Ahmed sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $20.79, for a total value of $103,950.00. Following the transaction, the director owned 59,979 shares in the company, valued at approximately $1,246,963.41. This trade represents a 7.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Asmau Ahmed also recently made the following trade(s):
- On Wednesday, August 12th, Asmau Ahmed sold 10,000 shares of QuinStreet stock. The stock was sold at an average price of $20.43, for a total value of $204,300.00.
QuinStreet Stock Performance
QNST opened at $20.50 on Friday. 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 fifty day simple moving average of $15.67 and a 200 day simple moving average of $13.39. QuinStreet, Inc. has a 1 year low of $10.28 and a 1 year high of $22.29. The company has a market capitalization of $1.18 billion, a PE ratio of 14.54 and a beta of 0.66.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of QNST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of QuinStreet by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock valued at $571,000 after purchasing an additional 1,381 shares during the last quarter. Millennium Management LLC increased its holdings in QuinStreet by 213.3% in the first quarter. Millennium Management LLC now owns 714,482 shares of the technology company’s stock valued at $12,746,000 after purchasing an additional 486,406 shares during the period. Goldman Sachs Group Inc. raised its position in shares of QuinStreet by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 540,286 shares of the technology company’s stock worth $9,639,000 after acquiring an additional 88,431 shares during the last quarter. Caxton Associates LLP bought a new stake in QuinStreet in the first quarter valued at approximately $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of QuinStreet by 1.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,366 shares of the technology company’s stock worth $2,022,000 after buying an additional 2,135 shares during the period. Institutional investors own 97.83% of the company’s stock.
Wall Street Analyst Weigh In
QNST has been the subject of several analyst reports. B. Riley Financial reiterated a “buy” rating on shares of QuinStreet in a research note on Friday, August 7th. Wall Street Zen upgraded shares of QuinStreet from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Zacks Research raised shares of 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 price target for the company in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, QuinStreet presently has an average rating of “Moderate Buy” and an average target price of $22.00.
Check Out Our Latest Research Report on QNST
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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