Key Points
- CEO Douglas Valenti sold 751,631 QuinStreet shares at an average price of $20.50, generating $15.4 million. The sale, conducted under a pre-arranged Rule 10b5-1 plan, covered tax-withholding obligations tied to vested equity awards and reduced his direct holdings by 43%.
- QuinStreet exceeded quarterly expectations, reporting $0.50 in EPS versus the $0.44 consensus and revenue of $373.88 million versus estimates of $359.95 million.
- Analyst sentiment is favorable, with four Buy and two Hold ratings, an overall “Moderate Buy” consensus, and an average price target of $22.00. Institutional investors own 97.83% of the company’s shares.
QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) CFO Gregory Wong sold 26,296 shares of the company's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $20.09, for a total transaction of $528,286.64. Following the completion of the sale, the chief financial officer owned 521,883 shares of the company's stock, valued at approximately $10,484,629.47. The trade was a 4.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Gregory Wong also recently made the following trade(s):
- On Wednesday, July 1st, Gregory Wong sold 10,338 shares of QuinStreet stock. The shares were sold at an average price of $15.00, for a total transaction of $155,070.00.
- 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 transaction of $268,874.83.
QuinStreet Stock Down 5.1%
QuinStreet stock opened at $20.90 on Wednesday. QuinStreet, Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $22.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.22. The firm's 50-day simple moving average is $15.13 and its 200 day simple moving average is $13.25. The stock has a market cap of $1.20 billion, a PE ratio of 14.82 and a beta of 0.66.
QuinStreet (NASDAQ:QNST - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.50 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $359.95 million. Research analysts predict that QuinStreet, Inc. will post 0.94 EPS for the current fiscal year.
Institutional Investors Weigh In On QuinStreet
Several large investors have recently modified their holdings of QNST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 purchasing an additional 1,381 shares during the period. Millennium Management LLC grew its holdings in QuinStreet by 213.3% during the first 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 during the period. Goldman Sachs Group Inc. grew its holdings in QuinStreet by 19.6% during the first quarter. Goldman Sachs Group Inc. now owns 540,286 shares of the technology company's stock valued at $9,639,000 after purchasing an additional 88,431 shares during the period. Caxton Associates LLP bought a new position in QuinStreet during the first quarter valued at $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 buying an additional 2,135 shares during the last quarter. Hedge funds and other institutional investors own 97.83% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on QNST. 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. Weiss Ratings upgraded QuinStreet from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 9th. Wall Street Zen raised QuinStreet from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Zacks Research upgraded QuinStreet from a "strong sell" rating to a "hold" rating in a research note on Thursday, July 30th. Finally, B. Riley Financial reissued a "buy" rating on shares of QuinStreet in a report on Friday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, QuinStreet has a consensus rating of "Moderate Buy" and an average target price of $22.00.
Get Our Latest 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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