QuinStreet (NASDAQ:QNST) CFO Gregory Wong Sells 10,338 Shares of Stock

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 10,338 shares of the firm’s 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 $5,855,160. The trade was a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 transaction of $268,874.83.

QuinStreet Price Performance

NASDAQ QNST opened at $15.82 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 1.18. The firm’s 50 day moving average price is $12.72 and its 200-day moving average price is $12.84. QuinStreet, Inc. has a 52-week low of $10.28 and a 52-week high of $17.13. The company has a market cap of $908.70 million, a PE ratio of 13.88 and a beta of 0.67.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.14. QuinStreet had a return on equity of 9.97% and a net margin of 5.53%.The company had revenue of $346.14 million for the quarter, compared to the consensus estimate of $336.22 million. During the same quarter last year, the company earned $0.21 earnings per share. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. Sell-side analysts forecast that QuinStreet, Inc. will post 0.53 EPS for the current fiscal year.

Institutional Trading of QuinStreet

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Segall Bryant & Hamill LLC purchased a new stake in shares of QuinStreet during the first quarter worth about $949,000. Bank of America Corp DE boosted its holdings in QuinStreet by 58.0% in the 1st quarter. Bank of America Corp DE now owns 179,378 shares of the technology company’s stock worth $2,154,000 after buying an additional 65,880 shares during the last quarter. Amundi boosted its holdings in QuinStreet by 77.6% in the 1st quarter. Amundi now owns 65,066 shares of the technology company’s stock worth $781,000 after buying an additional 28,438 shares during the last quarter. Quantinno Capital Management LP increased its stake in QuinStreet by 134.5% during the 1st quarter. Quantinno Capital Management LP now owns 124,437 shares of the technology company’s stock worth $1,494,000 after buying an additional 71,369 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of QuinStreet by 619.0% during the first quarter. Lazard Asset Management LLC now owns 1,441,113 shares of the technology company’s stock valued at $17,308,000 after acquiring an additional 1,240,667 shares during the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

QNST has been the topic of several research reports. Weiss Ratings downgraded QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. Northland Securities started coverage on QuinStreet in a research report on Tuesday, March 17th. They set an “outperform” rating and a $17.00 price target for the company. Wall Street Zen upgraded QuinStreet from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Zacks Research lowered QuinStreet from a “hold” rating to a “strong sell” rating in a report on Wednesday. Finally, B. Riley Financial upgraded QuinStreet to a “strong-buy” rating in a research note on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.50.

About QuinStreet

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.