QuinStreet (NASDAQ:QNST) Director Asmau Ahmed Sells 5,000 Shares

QuinStreet, Inc. (NASDAQ:QNST) Director Asmau Ahmed sold 5,000 shares of the stock in a transaction 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 sale, the director directly owned 59,979 shares in the company, valued at approximately $1,246,963.41. This trade represents a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 shares were sold at an average price of $20.43, for a total value of $204,300.00.

QuinStreet Price Performance

QNST traded down $0.05 on Thursday, hitting $20.74. 795,008 shares of the stock were exchanged, compared to its average volume of 836,112. The firm 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. QuinStreet, Inc. has a 12 month low of $10.28 and a 12 month high of $22.29. The business has a 50-day moving average of $15.32 and a two-hundred day moving average of $13.29.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of QuinStreet

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

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.