QuinStreet, Inc. (NASDAQ:QNST) Director Sells $162,934.20 in Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Stuart Huizinga sold 7,020 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $23.21, for a total value of $162,934.20. Following the transaction, the director now directly owns 174,903 shares in the company, valued at $4,059,498.63. This trade represents a 3.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

QuinStreet Stock Performance

Shares of NASDAQ:QNST traded up $0.25 during midday trading on Tuesday, reaching $22.79. 296,366 shares of the company’s stock traded hands, compared to its average volume of 415,227. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -56.35 and a beta of 1.09. QuinStreet, Inc. has a one year low of $11.02 and a one year high of $26.27. The stock has a 50 day moving average of $20.08 and a 200 day moving average of $18.50.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.07. The company had revenue of $279.22 million for the quarter, compared to the consensus estimate of $222.68 million. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The firm’s quarterly revenue was up 125.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.19) EPS. Sell-side analysts predict that QuinStreet, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on QNST. Stephens boosted their target price on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Lake Street Capital upped their price target on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. StockNews.com raised QuinStreet from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Craig Hallum upped their price target on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Barrington Research increased their target price on QuinStreet from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. US Bancorp DE boosted its stake in shares of QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after buying an additional 1,250 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of QuinStreet in the third quarter worth about $29,000. Quarry LP boosted its stake in shares of QuinStreet by 11,330.0% in the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock worth $38,000 after buying an additional 2,266 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of QuinStreet in the second quarter worth about $175,000. Finally, ProShare Advisors LLC purchased a new stake in shares of QuinStreet in the first quarter worth about $188,000. 97.83% of the stock is owned by institutional investors.

About QuinStreet

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.