Insider Selling: QuinStreet (NASDAQ:QNST) CFO Sells $239,229.76 in Stock

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 11,704 shares of QuinStreet stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $20.44, for a total transaction of $239,229.76. Following the transaction, the chief financial officer owned 481,786 shares in the company, valued at approximately $9,847,705.84. The trade was a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gregory Wong also recently made the following trade(s):

• On Friday, August 7th, Gregory Wong sold 26,296 shares of QuinStreet stock. The shares were sold at an average price of $20.09, for a total value of $528,286.64.
• On Wednesday, July 1st, Gregory Wong sold 10,338 shares of QuinStreet stock. The shares were sold at an average price of $15.00, for a total transaction of $155,070.00.
• On Monday, June 15th, Gregory Wong sold 22,057 shares of QuinStreet stock. The shares were sold at an average price of $12.19, for a total transaction of $268,874.83.

QuinStreet Stock Performance

Shares of QNST stock opened at $20.37 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.22 and a quick ratio of 1.18. QuinStreet, Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $22.29. The stock’s 50-day moving average is $16.35 and its two-hundred day moving average is $13.58. The firm has a market cap of $1.17 billion, a P/E ratio of 14.45 and a beta of 0.66.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. QuinStreet had a net margin of 6.28% and a return on equity of 12.73%. The business had revenue of $373.88 million for the quarter, compared to the consensus estimate of $359.95 million. Analysts predict that QuinStreet, Inc. will post 1.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of QuinStreet

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of QuinStreet during the second quarter worth approximately $160,805,000. Lazard Asset Management LLC boosted its stake in QuinStreet by 619.0% in the first quarter. Lazard Asset Management LLC now owns 1,441,113 shares of the technology company’s stock valued at $17,308,000 after acquiring an additional 1,240,667 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in QuinStreet by 1,000.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 900,264 shares of the technology company’s stock worth $12,937,000 after acquiring an additional 1,000,264 shares during the period. NewEdge Wealth LLC acquired a new stake in QuinStreet during the 2nd quarter worth $12,157,000. Finally, Heartland Advisors Inc. bought a new stake in shares of QuinStreet during the 2nd quarter valued at $8,790,000. Institutional investors and hedge funds own 97.83% of the company’s stock.

QuinStreet Company Profile

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.