Key Points
- Director Asmau Ahmed sold 10,000 QuinStreet shares at an average price of $20.30, generating $203,000 and reducing her ownership by 28.59% to 24,979 shares. She also sold 30,000 shares in three earlier August transactions.
- QuinStreet shares opened at $20.76, near the company’s one-year high of $22.29. The company recently exceeded quarterly expectations, reporting $0.50 in earnings per share and $373.88 million in revenue.
- Institutional investors own 97.83% of QuinStreet, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $22.00.
QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) Director Asmau Ahmed sold 10,000 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $20.30, for a total transaction of $203,000.00. Following the completion of the transaction, the director owned 24,979 shares in the company, valued at approximately $507,073.70. This trade 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 stock was 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 Stock Up 2.9%
Shares of QNST opened at $20.76 on Wednesday. The company has a market capitalization of $1.19 billion, a P/E ratio of 14.72 and a beta of 0.66. QuinStreet, Inc. has a one year low of $10.28 and a one year high of $22.29. The business's 50 day simple moving average is $16.01 and its 200-day simple moving average is $13.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.22 and a quick ratio of 1.18.
QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. QuinStreet had a return on equity of 12.73% and a net margin of 6.28%.The firm had revenue of $373.88 million during the quarter, compared to analysts' expectations of $359.95 million. As a group, sell-side analysts predict that QuinStreet, Inc. will post 0.94 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in QuinStreet in the second quarter valued at about $160,805,000. Lazard Asset Management LLC raised its holdings in QuinStreet by 619.0% during the 1st quarter. Lazard Asset Management LLC now owns 1,441,113 shares of the technology company's stock worth $17,308,000 after purchasing an additional 1,240,667 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in QuinStreet by 1,000.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 900,264 shares of the technology company's stock worth $12,937,000 after purchasing an additional 1,000,264 shares during the last quarter. NewEdge Wealth LLC acquired a new position in QuinStreet during the 2nd quarter valued at about $12,157,000. Finally, Heartland Advisors Inc. acquired a new position in QuinStreet during the 2nd quarter valued at about $8,790,000. 97.83% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Weiss Ratings upgraded QuinStreet from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 9th. B. Riley Financial reiterated a "buy" rating on shares of QuinStreet in a research report on Friday, August 7th. Zacks Research raised shares of QuinStreet from a "strong sell" rating to a "hold" rating in a report on Thursday, July 30th. Wall Street Zen upgraded shares of QuinStreet from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Finally, Lake Street Capital raised shares of QuinStreet from a "hold" rating to a "buy" rating and set a $21.00 target price for the company in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, QuinStreet currently has a consensus rating of "Moderate Buy" and an average price target of $22.00.
Get Our Latest Analysis on QuinStreet
About QuinStreet
(
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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