Insider Selling: QuinStreet (NASDAQ:QNST) Director Sells $312,750.00 in Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Asmau Ahmed sold 15,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $20.85, for a total value of $312,750.00. Following the transaction, the director directly owned 34,979 shares in the company, valued at $729,312.15. This trade represents a 30.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 stock was 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 stock was sold at an average price of $20.79, for a total transaction of $103,950.00.

QuinStreet Trading Up 2.9%

Shares of QNST stock traded up $0.59 during trading on Tuesday, hitting $20.76. 766,154 shares of the stock traded hands, compared to its average volume of 833,953. QuinStreet, Inc. has a 52-week low of $10.28 and a 52-week high of $22.29. The firm has a market capitalization of $1.19 billion, a P/E ratio of 14.72 and a beta of 0.66. The firm’s fifty day moving average price is $15.83 and its 200-day moving average price is $13.42. 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 (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The company had revenue of $373.88 million during the quarter, compared to analyst estimates of $359.95 million. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%. As a group, research analysts forecast that QuinStreet, Inc. will post 0.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On QuinStreet

A number of institutional investors have recently modified their holdings of the company. Heartland Advisors Inc. purchased a new position in QuinStreet during the 1st quarter valued at about $6,005,000. Pacer Advisors Inc. increased its stake in QuinStreet by 39.6% during the fourth quarter. Pacer Advisors Inc. now owns 284,833 shares of the technology company’s stock worth $4,093,000 after purchasing an additional 80,862 shares during the period. OP Asset Management Ltd acquired a new stake in shares of QuinStreet during the first quarter worth about $1,779,000. Summit Global Investments purchased a new position in shares of QuinStreet in the second quarter valued at approximately $868,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of QuinStreet in the first quarter valued at approximately $949,000. 97.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.