Asmau Ahmed Sells 10,000 Shares of QuinStreet (NASDAQ:QNST) Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Asmau Ahmed sold 10,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $20.30, for a total value of $203,000.00. Following the transaction, the director directly owned 24,979 shares in the company, valued at approximately $507,073.70. This represents a 28.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, August 14th, Asmau Ahmed sold 15,000 shares of QuinStreet stock. The stock was sold at an average price of $20.85, for a total value of $312,750.00.
• 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 value of $204,300.00.
• On Tuesday, August 11th, Asmau Ahmed sold 5,000 shares of QuinStreet stock. The shares were sold at an average price of $20.79, for a total value of $103,950.00.

QuinStreet Stock Performance

Shares of NASDAQ:QNST traded up $0.59 during trading on Tuesday, reaching $20.76. The stock had a trading volume of 766,154 shares, compared to its average volume of 833,953. The stock has a fifty day simple moving average of $15.83 and a two-hundred day simple moving average of $13.42. The company has a quick ratio of 1.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.22. QuinStreet, Inc. has a 52 week low of $10.28 and a 52 week high of $22.29. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 14.72 and a beta of 0.66.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On QuinStreet

Several institutional investors and hedge funds have recently bought and sold shares of the business. Heartland Advisors Inc. bought a new position in shares of QuinStreet during the 1st quarter worth about $6,005,000. Pacer Advisors Inc. boosted its position in shares of QuinStreet by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 284,833 shares of the technology company’s stock valued at $4,093,000 after acquiring an additional 80,862 shares in the last quarter. OP Asset Management Ltd bought a new stake in QuinStreet in the first quarter valued at about $1,779,000. Summit Global Investments acquired a new position in QuinStreet in the second quarter worth about $868,000. Finally, Jacobs Asset Management LLC lifted its stake in QuinStreet by 21.6% during the first quarter. Jacobs Asset Management LLC now owns 1,134,300 shares of the technology company’s stock worth $13,623,000 after purchasing an additional 201,800 shares during the period. Institutional investors 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.