Gregory Wong Sells 10,338 Shares of QuinStreet (NASDAQ:QNST) Stock

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 10,338 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $15.00, for a total value of $155,070.00. Following the transaction, the chief financial officer directly owned 390,344 shares in the company, valued at approximately $5,855,160. The trade was a 2.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gregory Wong also recently made the following trade(s):

• On Monday, June 15th, Gregory Wong sold 22,057 shares of QuinStreet stock. The shares were sold at an average price of $12.19, for a total value of $268,874.83.

QuinStreet Price Performance

NASDAQ QNST opened at $15.82 on Friday. QuinStreet, Inc. has a one year low of $10.28 and a one year high of $17.13. The stock has a 50-day moving average of $12.77 and a 200 day moving average of $12.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $908.70 million, a price-to-earnings ratio of 13.88 and a beta of 0.67.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.14. The business had revenue of $346.14 million for the quarter, compared to analysts’ expectations of $336.22 million. QuinStreet had a net margin of 5.53% and a return on equity of 9.97%. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. On average, sell-side analysts forecast that QuinStreet, Inc. will post 0.53 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on QNST shares. Northland Securities began coverage on shares of QuinStreet in a research report on Tuesday, March 17th. They set an “outperform” rating and a $17.00 price objective on the stock. Zacks Research lowered shares of QuinStreet from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Weiss Ratings cut QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Wall Street Zen downgraded QuinStreet from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, B. Riley Financial raised QuinStreet to a “strong-buy” rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of QNST. Nordea Investment Management AB raised its holdings in QuinStreet by 59.8% in the 4th quarter. Nordea Investment Management AB now owns 362,042 shares of the technology company’s stock worth $5,174,000 after purchasing an additional 135,527 shares during the period. Assenagon Asset Management S.A. lifted its position in QuinStreet by 43.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,633,251 shares of the technology company’s stock valued at $23,470,000 after purchasing an additional 496,492 shares in the last quarter. Intrinsic Edge Capital Management LLC bought a new stake in QuinStreet during the third quarter valued at about $2,320,000. Algert Global LLC grew its holdings in QuinStreet by 161.4% during the third quarter. Algert Global LLC now owns 580,853 shares of the technology company’s stock valued at $8,986,000 after purchasing an additional 358,610 shares during the period. Finally, Pacer Advisors Inc. increased its position in QuinStreet by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 284,833 shares of the technology company’s stock worth $4,093,000 after buying an additional 80,862 shares in the last quarter. Hedge funds and other 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.