QuinStreet (NASDAQ:QNST) Director Asmau Ahmed Sells 5,000 Shares of Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Asmau Ahmed sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $20.79, for a total transaction of $103,950.00. Following the completion of the sale, the director owned 59,979 shares in the company, valued at $1,246,963.41. This represents a 7.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Asmau Ahmed also recently made the following trade(s):

• 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.

QuinStreet Stock Performance

Shares of QuinStreet stock opened at $20.74 on Friday. QuinStreet, Inc. has a 52 week low of $10.28 and a 52 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 stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 14.71 and a beta of 0.66. The firm has a fifty day moving average of $15.50 and a two-hundred day moving average of $13.34.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 earnings per share (EPS) 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 the consensus estimate of $359.95 million. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%. As a group, equities research analysts predict that QuinStreet, Inc. will post 0.94 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On QuinStreet

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

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.