QuinStreet Inc. (QNST) Director Gregory P. Sands Buys 10,000 Shares
QuinStreet Inc. (NASDAQ:QNST) Director Gregory P. Sands acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were acquired at an average cost of $2.64 per share, for a total transaction of $26,400.00. Following the completion of the transaction, the director now directly owns 63,783 shares of the company’s stock, valued at $168,387.12. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
QuinStreet Inc. (NASDAQ:QNST) traded up 1.75% during midday trading on Tuesday, hitting $2.91. The company had a trading volume of 38,974 shares. The stock has a 50 day moving average price of $2.99 and a 200-day moving average price of $3.27. QuinStreet Inc. has a 52 week low of $2.61 and a 52 week high of $5.04. The stock’s market capitalization is $133.15 million.
QuinStreet (NASDAQ:QNST) last issued its earnings results on Wednesday, November 9th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.03. The firm had revenue of $73.43 million for the quarter, compared to the consensus estimate of $82.80 million. QuinStreet had a negative net margin of 5.16% and a negative return on equity of 6.05%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned ($0.02) earnings per share. On average, equities analysts predict that QuinStreet Inc. will post $0.19 EPS for the current year.
A number of large investors have recently modified their holdings of QNST. Bridgecreek Investment Management LLC bought a new position in QuinStreet during the third quarter valued at approximately $117,000. Emerald Acquisition Ltd. bought a new position in QuinStreet during the second quarter valued at approximately $204,000. Rhumbline Advisers raised its position in QuinStreet by 3.3% in the third quarter. Rhumbline Advisers now owns 68,578 shares of the company’s stock valued at $207,000 after buying an additional 2,175 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University bought a new position in QuinStreet during the second quarter valued at approximately $209,000. Finally, Alambic Investment Management L.P. raised its position in shares of QuinStreet by 4.8% in the third quarter. Alambic Investment Management L.P. now owns 76,043 shares of the company’s stock valued at $230,000 after buying an additional 3,452 shares in the last quarter. 62.92% of the stock is owned by institutional investors and hedge funds.
QuinStreet Company Profile
QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.
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