Insider Selling: QuinStreet, Inc. (NASDAQ:QNST) CFO Sells 8,516 Shares of Stock

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 8,516 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total transaction of $194,846.08. Following the transaction, the chief financial officer now owns 337,031 shares in the company, valued at approximately $7,711,269.28. The trade was a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

QuinStreet Stock Down 1.4 %

Shares of NASDAQ QNST traded down $0.31 during mid-day trading on Wednesday, reaching $22.60. 701,524 shares of the company were exchanged, compared to its average volume of 536,197. QuinStreet, Inc. has a 52 week low of $14.14 and a 52 week high of $26.27. The company’s 50 day moving average price is $22.82 and its 200 day moving average price is $20.82. The stock has a market capitalization of $1.28 billion, a PE ratio of -102.73 and a beta of 1.06.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. On average, sell-side analysts predict that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Institutional Investors Weigh In On QuinStreet

A number of large investors have recently added to or reduced their stakes in QNST. Vanguard Group Inc. raised its position in QuinStreet by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,002,030 shares of the technology company’s stock valued at $92,327,000 after purchasing an additional 26,169 shares during the last quarter. Driehaus Capital Management LLC raised its holdings in shares of QuinStreet by 28.4% during the fourth quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company’s stock valued at $64,312,000 after acquiring an additional 617,216 shares in the last quarter. FMR LLC lifted its stake in QuinStreet by 5.2% in the third quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock worth $42,724,000 after acquiring an additional 109,892 shares during the period. American Century Companies Inc. boosted its holdings in QuinStreet by 9.9% in the fourth quarter. American Century Companies Inc. now owns 2,228,568 shares of the technology company’s stock valued at $51,413,000 after acquiring an additional 201,052 shares in the last quarter. Finally, State Street Corp increased its position in QuinStreet by 2.1% during the 3rd quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock valued at $38,068,000 after purchasing an additional 41,538 shares during the period. Institutional investors own 97.83% of the company’s stock.

Analysts Set New Price Targets

QNST has been the subject of a number of analyst reports. Barrington Research reissued an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a research report on Friday, February 7th. Stephens increased their target price on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Lake Street Capital boosted their price target on shares of QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Friday, February 7th. B. Riley reaffirmed a “buy” rating and issued a $34.00 price objective (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Finally, Craig Hallum lifted their target price on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.80.

QuinStreet Company Profile

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.