QuinStreet (NASDAQ:QNST) CFO Gregory Wong Sells 22,057 Shares of Stock

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 22,057 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $12.19, for a total transaction of $268,874.83. Following the completion of the transaction, the chief financial officer owned 400,682 shares of the company’s stock, valued at $4,884,313.58. This trade represents a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

QuinStreet Stock Performance

NASDAQ QNST opened at $12.77 on Thursday. QuinStreet, Inc. has a 1 year low of $10.28 and a 1 year high of $17.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $733.51 million, a PE ratio of 11.20 and a beta of 0.70. The company’s 50 day simple moving average is $12.39 and its two-hundred day simple moving average is $12.88.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $336.22 million. During the same period in the previous year, the business earned $0.21 EPS. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. Analysts predict that QuinStreet, Inc. will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On QuinStreet

Hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in shares of QuinStreet by 54.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,066 shares during the last quarter. Farther Finance Advisors LLC lifted its position in QuinStreet by 10.2% in the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after buying an additional 730 shares during the last quarter. Tripletail Wealth Management LLC lifted its position in QuinStreet by 35.2% in the 4th quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock worth $133,000 after buying an additional 2,420 shares during the last quarter. FJ Capital Management LLC purchased a new stake in QuinStreet in the third quarter worth approximately $135,000. Finally, MQS Management LLC purchased a new stake in QuinStreet in the fourth quarter worth approximately $159,000. Institutional investors own 97.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on QNST shares. Wall Street Zen cut QuinStreet from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 9th. Northland Securities started coverage on shares of QuinStreet in a research report on Tuesday, March 17th. They issued an “outperform” rating and a $17.00 price objective on the stock. Finally, B. Riley Financial raised shares of QuinStreet to a “strong-buy” rating in a research note 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

About QuinStreet

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.