QuinStreet (NASDAQ:QNST) CFO Sells $268,874.83 in Stock

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

QuinStreet Price Performance

Shares of NASDAQ QNST opened at $13.06 on Friday. QuinStreet, Inc. has a 12-month low of $10.28 and a 12-month high of $17.13. The firm’s 50-day simple moving average is $12.42 and its 200 day simple moving average is $12.88. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.23. The company has a market cap of $750.17 million, a price-to-earnings ratio of 11.46 and a beta of 0.70.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.14. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. The firm had revenue of $346.14 million during the quarter, compared to analysts’ expectations of $336.22 million. During the same quarter last year, the company posted $0.21 EPS. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. On average, research analysts expect that QuinStreet, Inc. will post 0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On QuinStreet

A number of hedge funds and other institutional investors have recently bought and sold shares of QNST. Nordea Investment Management AB increased its stake in QuinStreet by 59.8% in the fourth quarter. Nordea Investment Management AB now owns 362,042 shares of the technology company’s stock valued at $5,174,000 after purchasing an additional 135,527 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of QuinStreet by 43.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,633,251 shares of the technology company’s stock worth $23,470,000 after purchasing an additional 496,492 shares in the last quarter. Intrinsic Edge Capital Management LLC bought a new position in shares of QuinStreet during the third quarter worth $2,320,000. Algert Global LLC grew its holdings in shares of QuinStreet by 161.4% in the 3rd quarter. Algert Global LLC now owns 580,853 shares of the technology company’s stock valued at $8,986,000 after buying an additional 358,610 shares during the period. Finally, UBS Group AG grew its holdings in shares of QuinStreet by 59.6% in the 4th quarter. UBS Group AG now owns 260,318 shares of the technology company’s stock valued at $3,741,000 after buying an additional 97,226 shares during the period. 97.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Northland Securities initiated coverage on shares of QuinStreet in a research report on Tuesday, March 17th. They issued an “outperform” rating and a $17.00 price objective for the company. Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 9th. Finally, B. Riley Financial upgraded QuinStreet to a “strong-buy” rating in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.50.

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.