QuinStreet, Inc. (NASDAQ:QNST) Director Sells $162,934.20 in Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Stuart Huizinga sold 7,020 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $23.21, for a total transaction of $162,934.20. Following the transaction, the director now owns 174,903 shares of the company’s stock, valued at approximately $4,059,498.63. The trade was a 3.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

QuinStreet Trading Down 0.0 %

QNST stock opened at $22.78 on Thursday. QuinStreet, Inc. has a 1-year low of $11.02 and a 1-year high of $26.27. The business’s 50 day moving average is $20.20 and its 200-day moving average is $18.56. The firm has a market cap of $1.28 billion, a P/E ratio of -56.95 and a beta of 1.09.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.15 by $0.07. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The business had revenue of $279.22 million for the quarter, compared to analyst estimates of $222.68 million. During the same quarter in the previous year, the firm earned ($0.19) EPS. QuinStreet’s quarterly revenue was up 125.3% on a year-over-year basis. Sell-side analysts forecast that QuinStreet, Inc. will post 0.15 EPS for the current year.

Institutional Investors Weigh In On QuinStreet

Several large investors have recently made changes to their positions in QNST. American Century Companies Inc. lifted its holdings in QuinStreet by 27.5% during the 2nd quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock valued at $33,763,000 after purchasing an additional 438,947 shares during the last quarter. Divisadero Street Capital Management LP bought a new position in shares of QuinStreet in the second quarter valued at approximately $6,499,000. Driehaus Capital Management LLC boosted its holdings in shares of QuinStreet by 17.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock worth $25,050,000 after acquiring an additional 225,720 shares in the last quarter. Squarepoint Ops LLC grew its position in QuinStreet by 248.7% during the 2nd quarter. Squarepoint Ops LLC now owns 174,367 shares of the technology company’s stock worth $2,893,000 after acquiring an additional 124,367 shares during the last quarter. Finally, FMR LLC increased its holdings in QuinStreet by 5.2% during the 3rd quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock valued at $42,724,000 after purchasing an additional 109,892 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on QNST. Stephens upped their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. StockNews.com raised QuinStreet from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Barrington Research lifted their price objective on QuinStreet from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Lake Street Capital upped their target price on QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Craig Hallum raised their target price on QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, QuinStreet has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

About QuinStreet

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.