QuinStreet (NASDAQ:QNST) Director Asmau Ahmed Sells 15,000 Shares of Stock

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

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

• On Monday, August 17th, Asmau Ahmed sold 10,000 shares of QuinStreet stock. The shares were sold at an average price of $20.30, for a total value of $203,000.00.
• On Wednesday, August 12th, Asmau Ahmed sold 10,000 shares of QuinStreet stock. The shares were sold at an average price of $20.43, for a total value 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 value of $103,950.00.

QuinStreet Price Performance

Shares of QNST opened at $20.76 on Wednesday. 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 business’s 50 day moving average price is $16.01 and its two-hundred day moving average price is $13.47. The firm has a market cap of $1.19 billion, a PE ratio of 14.72 and a beta of 0.66.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $373.88 million for the quarter, compared to analysts’ expectations of $359.95 million. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%. On average, equities analysts anticipate that QuinStreet, Inc. will post 0.94 EPS for the current year.

Institutional Trading of QuinStreet

A number of hedge funds and other institutional investors have recently bought and sold shares of QNST. PNC Financial Services Group Inc. lifted its stake in shares of QuinStreet by 54.4% in the first quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock valued at $36,000 after buying an additional 1,066 shares in the last quarter. GAMMA Investing LLC increased its position in shares of QuinStreet by 17.0% during the second quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock worth $65,000 after acquiring an additional 649 shares in the last quarter. Allworth Financial LP bought a new stake in shares of QuinStreet during the second quarter worth about $66,000. Farther Finance Advisors LLC raised its holdings in shares of QuinStreet by 10.2% in the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after acquiring an additional 730 shares during the last quarter. Finally, Tripletail Wealth Management LLC lifted its position in QuinStreet by 35.2% in the 4th quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock valued at $133,000 after acquiring an additional 2,420 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

Analysts Set New Price Targets

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