Gregory Wong Sells 22,057 Shares of QuinStreet (NASDAQ:QNST) Stock

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 22,057 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $12.19, for a total transaction of $268,874.83. Following the transaction, the chief financial officer directly owned 400,682 shares of the company’s stock, valued at approximately $4,884,313.58. This trade represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

QuinStreet Stock Up 2.3%

NASDAQ QNST opened at $13.06 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $750.17 million, a PE ratio of 11.46 and a beta of 0.70. QuinStreet, Inc. has a 1 year low of $10.28 and a 1 year high of $17.13. The business’s 50-day moving average is $12.40 and its 200 day moving average is $12.88.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.14. QuinStreet had a return on equity of 9.97% and a net margin of 5.53%.The business had revenue of $346.14 million during the quarter, compared to analyst estimates of $336.22 million. During the same quarter in the prior year, the company posted $0.21 EPS. QuinStreet’s quarterly revenue was up 28.3% compared to the same quarter last year. Sell-side analysts forecast that QuinStreet, Inc. will post 0.53 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of QuinStreet by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock valued at $571,000 after purchasing an additional 1,381 shares in the last quarter. Millennium Management LLC raised its holdings in QuinStreet by 213.3% in the first quarter. Millennium Management LLC now owns 714,482 shares of the technology company’s stock worth $12,746,000 after purchasing an additional 486,406 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in QuinStreet by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 540,286 shares of the technology company’s stock worth $9,639,000 after purchasing an additional 88,431 shares in the last quarter. Caxton Associates LLP purchased a new position in QuinStreet during the first quarter valued at $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in QuinStreet by 1.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,366 shares of the technology company’s stock valued at $2,022,000 after buying an additional 2,135 shares during the period. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on QNST shares. B. Riley Financial upgraded QuinStreet to a “strong-buy” rating in a report on Thursday, April 2nd. Northland Securities assumed coverage on shares of QuinStreet in a report on Tuesday, March 17th. They issued an “outperform” rating and a $17.00 price target on the stock. Wall Street Zen downgraded shares of QuinStreet from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.50.

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.