QuinStreet Inc (NASDAQ:QNST) CFO Gregory Wong sold 22,929 shares of QuinStreet stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $13.69, for a total transaction of $313,898.01. Following the transaction, the chief financial officer now directly owns 236,446 shares in the company, valued at approximately $3,236,945.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of QuinStreet Inc (NASDAQ QNST) traded up $0.12 on Friday, reaching $13.80. 1,506,586 shares of the company’s stock were exchanged, compared to its average volume of 624,181. QuinStreet Inc has a 1 year low of $3.22 and a 1 year high of $14.38. The company has a market capitalization of $632.48, a price-to-earnings ratio of 276.06, a P/E/G ratio of 3.04 and a beta of 0.89.
QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.06. QuinStreet had a net margin of 0.78% and a return on equity of 5.77%. The firm had revenue of $87.49 million for the quarter, compared to analyst estimates of $75.18 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. The business’s revenue was up 33.3% on a year-over-year basis. analysts forecast that QuinStreet Inc will post 0.18 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its stake in QuinStreet by 39.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,080,100 shares of the technology company’s stock valued at $17,431,000 after buying an additional 591,400 shares in the last quarter. Vanguard Group Inc. lifted its stake in QuinStreet by 22.3% in the second quarter. Vanguard Group Inc. now owns 1,623,130 shares of the technology company’s stock valued at $6,768,000 after buying an additional 296,222 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in QuinStreet by 9.9% in the third quarter. Dimensional Fund Advisors LP now owns 932,647 shares of the technology company’s stock valued at $6,855,000 after buying an additional 84,301 shares in the last quarter. State Street Corp lifted its stake in QuinStreet by 4.5% in the second quarter. State Street Corp now owns 764,300 shares of the technology company’s stock valued at $3,184,000 after buying an additional 32,730 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in QuinStreet by 19.0% in the fourth quarter. Bank of New York Mellon Corp now owns 481,221 shares of the technology company’s stock valued at $4,031,000 after buying an additional 76,854 shares in the last quarter. 67.21% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on QNST shares. Barrington Research started coverage on shares of QuinStreet in a research note on Tuesday, November 28th. They set an “outperform” rating and a $12.50 price objective on the stock. Stephens reissued a “buy” rating and set a $11.50 price objective on shares of QuinStreet in a research note on Thursday, February 1st. Finally, Zacks Investment Research raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Friday, February 9th.
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QuinStreet Company Profile
QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.
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