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

QuinStreet, Inc. (NASDAQ:QNST) Director Asmau Ahmed sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $20.30, for a total transaction of $203,000.00. Following the completion of the sale, the director directly owned 24,979 shares of the company’s stock, valued at $507,073.70. This represents a 28.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, August 14th, Asmau Ahmed sold 15,000 shares of QuinStreet stock. The stock was sold at an average price of $20.85, for a total transaction of $312,750.00.
• 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.
• 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 transaction of $103,950.00.

QuinStreet Trading Up 2.9%

Shares of NASDAQ:QNST opened at $20.76 on Wednesday. The stock has a market capitalization of $1.19 billion, a PE ratio of 14.72 and a beta of 0.66. QuinStreet, Inc. has a 1 year low of $10.28 and a 1 year high of $22.29. The firm has a fifty day moving average price of $16.01 and a 200 day moving average price of $13.47. The company has a current ratio of 1.22, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

QuinStreet (NASDAQ:QNST) last posted its 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. QuinStreet had a net margin of 6.28% and a return on equity of 12.73%. The firm had revenue of $373.88 million for the quarter, compared to the consensus estimate of $359.95 million. Analysts expect that QuinStreet, Inc. will post 0.94 EPS for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On QuinStreet

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in QuinStreet by 17.0% in the 2nd quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company’s stock valued at $65,000 after buying an additional 649 shares in the last quarter. Farther Finance Advisors LLC raised its stake in QuinStreet by 10.2% during the fourth quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock worth $113,000 after acquiring an additional 730 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in QuinStreet by 54.4% during 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. Entropy Technologies LP raised its stake in QuinStreet by 10.0% during the third quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock worth $218,000 after acquiring an additional 1,284 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of QuinStreet by 0.8% during the fourth quarter. Captrust Financial Advisors now owns 173,144 shares of the technology company’s stock valued at $2,488,000 after acquiring an additional 1,379 shares during the period. 97.83% of the stock is currently owned by institutional investors.

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.