QuinStreet, Inc. (NASDAQ:QNST – Get Free Report) Director Asmau Ahmed sold 15,000 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $20.85, for a total transaction of $312,750.00. Following the transaction, the director owned 34,979 shares of the company’s stock, valued at $729,312.15. This represents a 30.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Asmau Ahmed also recently made the following trade(s):
- On Monday, August 17th, Asmau Ahmed sold 10,000 shares of QuinStreet stock. The stock was sold at an average price of $20.30, for a total transaction of $203,000.00.
- On Wednesday, August 12th, Asmau Ahmed sold 10,000 shares of QuinStreet stock. The shares were sold at an average price of $20.43, for a total transaction of $204,300.00.
- On Tuesday, August 11th, Asmau Ahmed sold 5,000 shares of QuinStreet stock. The shares were sold at an average price of $20.79, for a total transaction of $103,950.00.
QuinStreet Stock Up 1.4%
QuinStreet stock opened at $21.06 on Thursday. QuinStreet, Inc. has a 1-year low of $10.28 and a 1-year high of $22.29. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 14.94 and a beta of 0.66. The company has a current ratio of 1.22, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $16.18 and a 200 day simple moving average of $13.53.
Analysts Set New Price Targets
Several brokerages have recently weighed in on QNST. B. Riley Financial reiterated a “buy” rating on shares of QuinStreet in a research report 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 research note on Thursday, July 30th. Weiss Ratings raised shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. Finally, 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 research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.
Check Out Our Latest Stock Report on QuinStreet
Institutional Trading of QuinStreet
Several institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of QuinStreet by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock worth $571,000 after purchasing an additional 1,381 shares in the last quarter. Millennium Management LLC raised its stake 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 in the last quarter. Goldman Sachs Group Inc. lifted its position in QuinStreet by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 540,286 shares of the technology company’s stock valued at $9,639,000 after purchasing an additional 88,431 shares during the last quarter. Caxton Associates LLP purchased a new position in QuinStreet in the 1st quarter worth approximately $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in QuinStreet by 1.9% in the 1st 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 in the last quarter. Hedge funds and other 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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