QuinStreet Inc (QNST) Director Sells $2,846,206.02 in Stock

QuinStreet Inc (NASDAQ:QNST) Director James R. Simons sold 229,718 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $12.39, for a total value of $2,846,206.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

James R. Simons also recently made the following trade(s):

  • On Tuesday, April 17th, James R. Simons sold 229,718 shares of QuinStreet stock. The stock was sold at an average price of $10.94, for a total value of $2,513,114.92.
  • On Friday, March 16th, James R. Simons sold 229,717 shares of QuinStreet stock. The stock was sold at an average price of $13.67, for a total value of $3,140,231.39.

NASDAQ QNST opened at $12.47 on Friday. The company has a market cap of $603.32 million, a PE ratio of -207.83, a PEG ratio of 1.77 and a beta of 0.91. QuinStreet Inc has a one year low of $3.36 and a one year high of $14.65.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Wednesday, April 25th. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.11. The firm had revenue of $117.93 million during the quarter, compared to the consensus estimate of $107.76 million. QuinStreet had a return on equity of 10.19% and a net margin of 2.44%. The company’s quarterly revenue was up 48.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. sell-side analysts predict that QuinStreet Inc will post 0.29 earnings per share for the current fiscal year.

Several research analysts have weighed in on the company. Zacks Investment Research upgraded QuinStreet from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research note on Saturday, May 5th. BidaskClub upgraded QuinStreet from a “hold” rating to a “buy” rating in a research note on Friday, May 4th. TheStreet downgraded QuinStreet from a “b” rating to a “c+” rating in a research note on Tuesday, May 1st. Barrington Research restated a “buy” rating and issued a $15.00 price target on shares of QuinStreet in a research note on Wednesday, April 25th. Finally, ValuEngine upgraded QuinStreet from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $13.50.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its position in shares of QuinStreet by 23.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 22,287 shares of the technology company’s stock valued at $285,000 after acquiring an additional 4,262 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of QuinStreet by 5.7% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 82,950 shares of the technology company’s stock valued at $1,058,000 after acquiring an additional 4,480 shares during the last quarter. Citadel Advisors LLC boosted its position in shares of QuinStreet by 6.4% during the 1st quarter. Citadel Advisors LLC now owns 74,466 shares of the technology company’s stock valued at $951,000 after acquiring an additional 4,509 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of QuinStreet by 27.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 22,100 shares of the technology company’s stock valued at $282,000 after acquiring an additional 4,800 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of QuinStreet by 9.0% during the 1st quarter. Legal & General Group Plc now owns 67,806 shares of the technology company’s stock valued at $863,000 after acquiring an additional 5,618 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

QuinStreet Company Profile

QuinStreet, Inc, an Internet performance marketing and media company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

Insider Buying and Selling by Quarter for QuinStreet (NASDAQ:QNST)

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