Key Points
- Director Asmau Ahmed sold 10,000 QuinStreet shares at an average price of $20.43, generating $204,300; the sale reduced the director’s holdings by 16.67% to 49,979 shares.
- QuinStreet reported quarterly earnings of $0.50 per share and revenue of $373.88 million, exceeding analyst estimates of $0.44 per share and $359.95 million, respectively.
- Analyst sentiment is broadly positive, with an average “Moderate Buy” rating and a $22.00 price target; the stock recently traded near $20.74, while institutional investors own 97.83% of shares.
QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) Director Asmau Ahmed sold 5,000 shares of QuinStreet stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $20.79, for a total value of $103,950.00. Following the sale, the director owned 59,979 shares in the company, valued at $1,246,963.41. The trade was a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Asmau Ahmed also recently made the following trade(s):
- 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.
QuinStreet Price Performance
Shares of NASDAQ QNST opened at $20.74 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The stock has a fifty day simple moving average of $15.50 and a two-hundred day simple moving average of $13.34. QuinStreet, Inc. has a 1-year low of $10.28 and a 1-year high of $22.29. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 14.71 and a beta of 0.66.
QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. The firm had revenue of $373.88 million for the quarter, compared to analysts' expectations of $359.95 million. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%. Analysts anticipate that QuinStreet, Inc. will post 0.94 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Wall Street Zen raised QuinStreet from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. B. Riley Financial restated a "buy" rating on shares of QuinStreet in a research note on Friday, August 7th. Zacks Research raised QuinStreet from a "strong sell" rating to a "hold" rating in a report on Thursday, July 30th. Weiss Ratings upgraded QuinStreet from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 9th. Finally, Lake Street Capital upgraded shares of QuinStreet from a "hold" rating to a "buy" rating and set a $21.00 price objective for the company in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.
Check Out Our Latest Report on QuinStreet
Hedge Funds Weigh In On QuinStreet
A number of large investors have recently bought and sold shares of the stock. Heartland Advisors Inc. bought a new position in QuinStreet during the 1st quarter valued at about $6,005,000. Pacer Advisors Inc. grew its holdings in shares of 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 purchasing an additional 80,862 shares during the last quarter. OP Asset Management Ltd purchased a new position in QuinStreet in the 1st quarter worth about $1,779,000. Jacobs Asset Management LLC boosted its position in QuinStreet by 21.6% in the 1st quarter. Jacobs Asset Management LLC now owns 1,134,300 shares of the technology company's stock valued at $13,623,000 after buying an additional 201,800 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new position in QuinStreet in the 1st quarter worth about $949,000. 97.83% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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