Asmau Ahmed Sells 10,000 Shares of QuinStreet (NASDAQ:QNST) Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Asmau Ahmed sold 10,000 shares of QuinStreet stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $20.43, for a total value of $204,300.00. Following the transaction, the director directly owned 49,979 shares in the company, valued at approximately $1,021,070.97. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, August 11th, Asmau Ahmed sold 5,000 shares of QuinStreet stock. The shares were sold at an average price of $20.79, for a total value of $103,950.00.

QuinStreet Price Performance

NASDAQ QNST opened at $20.50 on Friday. The company has a 50 day simple moving average of $15.67 and a 200-day simple moving average of $13.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.22 and a quick ratio of 1.18. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 14.54 and a beta of 0.66. QuinStreet, Inc. has a 52-week low of $10.28 and a 52-week high of $22.29.

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

Wall Street Analyst Weigh In

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

Institutional Trading of QuinStreet

Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in QuinStreet by 54.4% in the first quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,066 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of QuinStreet by 17.0% during the 2nd quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock valued at $65,000 after purchasing an additional 649 shares in the last quarter. Allworth Financial LP bought a new position in shares of QuinStreet during the 2nd quarter valued at $66,000. Farther Finance Advisors LLC lifted its stake in shares of QuinStreet by 10.2% in the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after purchasing an additional 730 shares during the last quarter. Finally, Tripletail Wealth Management LLC lifted its stake in shares of QuinStreet by 35.2% in the 4th quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company’s stock valued at $133,000 after purchasing an additional 2,420 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

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.