Insider Selling: QuinStreet (NASDAQ:QNST) Director Sells $204,300.00 in Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Asmau Ahmed sold 10,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $20.43, for a total value of $204,300.00. Following the completion of the sale, the director owned 49,979 shares of the company’s stock, valued at approximately $1,021,070.97. This trade represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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 value of $103,950.00.

QuinStreet Price Performance

Shares of QNST stock opened at $20.50 on Friday. QuinStreet, Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $22.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.22. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 14.54 and a beta of 0.66. The stock’s 50-day simple moving average is $15.67 and its 200-day simple moving average is $13.39.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data 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 firm had revenue of $373.88 million during the quarter, compared to analyst estimates of $359.95 million. QuinStreet had a net margin of 6.28% and a return on equity of 12.73%. As a group, equities analysts forecast that QuinStreet, Inc. will post 0.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Trading of QuinStreet

Several institutional investors and hedge funds have recently bought and sold shares of QNST. BlackRock Inc. purchased a new stake in shares of QuinStreet in the 2nd quarter valued at $160,805,000. Vanguard Group Inc. raised its holdings in shares of QuinStreet by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 4,257,710 shares of the technology company’s stock worth $61,183,000 after purchasing an additional 133,468 shares during the last quarter. Private Capital Management LLC raised its holdings in shares of QuinStreet by 0.4% during the fourth quarter. Private Capital Management LLC now owns 4,171,946 shares of the technology company’s stock worth $59,951,000 after purchasing an additional 17,690 shares during the last quarter. Millennium Management LLC raised its holdings in shares of QuinStreet by 21.3% during the third quarter. Millennium Management LLC now owns 1,682,060 shares of the technology company’s stock worth $26,021,000 after purchasing an additional 295,680 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in QuinStreet by 42.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,595,184 shares of the technology company’s stock valued at $22,923,000 after purchasing an additional 472,407 shares during the period. 97.83% of the stock is currently owned by institutional investors and hedge funds.

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.