QuinStreet (NASDAQ:QNST) Director Asmau Ahmed Sells 5,000 Shares

QuinStreet, Inc. (NASDAQ:QNST) Director Asmau Ahmed sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $20.79, for a total value of $103,950.00. Following the completion of the transaction, the director directly owned 59,979 shares of the company’s stock, valued at $1,246,963.41. This represents a 7.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, August 12th, Asmau Ahmed sold 10,000 shares of QuinStreet stock. The shares were sold at an average price of $20.43, for a total transaction of $204,300.00.

QuinStreet Trading Down 0.2%

NASDAQ:QNST traded down $0.05 during mid-day trading on Thursday, hitting $20.74. 795,008 shares of the company’s stock were exchanged, compared to its average volume of 836,112. QuinStreet, Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $22.29. The company has a current ratio of 1.22, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.19 billion, a P/E ratio of 14.71 and a beta of 0.66. The company has a 50 day simple moving average of $15.32 and a 200-day simple moving average of $13.29.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of QuinStreet

Institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of QuinStreet by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock worth $571,000 after acquiring an additional 1,381 shares in the last quarter. Millennium Management LLC boosted its position in shares of QuinStreet by 213.3% during the 1st quarter. Millennium Management LLC now owns 714,482 shares of the technology company’s stock valued at $12,746,000 after purchasing an additional 486,406 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in QuinStreet by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 540,286 shares of the technology company’s stock worth $9,639,000 after purchasing an additional 88,431 shares during the period. Caxton Associates LLP acquired a new stake in QuinStreet during the first quarter worth approximately $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in QuinStreet by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,366 shares of the technology company’s stock worth $2,022,000 after purchasing an additional 2,135 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

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.