Key Points
- QuinStreet CFO Gregory Wong sold 10,338 shares on July 1 at an average price of $15.00, totaling about $155,070. The trade was made under a pre-arranged Rule 10b5-1 plan, and he still owns 390,344 shares.
- The CFO also sold 22,057 shares earlier on June 15 for about $268,875, making this the latest in a series of insider sales.
- QuinStreet recently reported better-than-expected earnings, with quarterly EPS of $0.31 versus $0.17 expected and revenue up 28.3% year over year. Analysts currently have an average rating of Hold with a $20.50 price target.
QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) CFO Gregory Wong sold 10,338 shares of QuinStreet stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $15.00, for a total value of $155,070.00. Following the transaction, the chief financial officer owned 390,344 shares in the company, valued at approximately $5,855,160. This represents a 2.58% decrease in their position. The transaction was disclosed in a document filed 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 stock was sold at an average price of $12.19, for a total value of $268,874.83.
QuinStreet Price Performance
QuinStreet stock opened at $15.82 on Friday. The company's 50 day simple moving average is $12.72 and its 200-day simple moving average is $12.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 1.18. QuinStreet, Inc. has a 1 year low of $10.28 and a 1 year high of $17.13. 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 - Get Free Report) last posted its earnings results on Thursday, May 7th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.14. QuinStreet had a return on equity of 9.97% and a net margin of 5.53%.The firm had revenue of $346.14 million for the quarter, compared to analyst estimates of $336.22 million. During the same quarter in the prior year, the company earned $0.21 EPS. QuinStreet's revenue was up 28.3% on a year-over-year basis. As a group, equities research analysts expect that QuinStreet, Inc. will post 0.53 earnings per share for the current year.
Hedge Funds Weigh In On QuinStreet
A number of institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in QuinStreet by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company's stock valued at $571,000 after buying an additional 1,381 shares during the last quarter. Millennium Management LLC raised its stake in QuinStreet by 213.3% in the first quarter. Millennium Management LLC now owns 714,482 shares of the technology company's stock valued at $12,746,000 after buying an additional 486,406 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in QuinStreet by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 540,286 shares of the technology company's stock worth $9,639,000 after buying an additional 88,431 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of QuinStreet during the 1st quarter worth about $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of QuinStreet by 1.9% during the 1st 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 acquiring an additional 2,135 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on QNST shares. Weiss Ratings cut shares of QuinStreet from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, June 24th. Zacks Research lowered QuinStreet from a "hold" rating to a "strong sell" rating in a research report on Wednesday. Northland Securities began coverage on QuinStreet in a research note on Tuesday, March 17th. They issued an "outperform" rating and a $17.00 price objective on the stock. Wall Street Zen upgraded QuinStreet from a "hold" rating to a "buy" rating in a report on Saturday, June 20th. Finally, B. Riley Financial raised 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 assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, QuinStreet presently has an average rating of "Hold" and an average price target of $20.50.
View Our Latest Stock Report on QNST
QuinStreet Company Profile
(
Get Free Report)
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.
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