QuinStreet Inc (NASDAQ:QNST) CEO Douglas Valenti sold 50,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $12.52, for a total transaction of $626,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
QuinStreet Inc (NASDAQ QNST) opened at $13.15 on Friday. QuinStreet Inc has a fifty-two week low of $3.15 and a fifty-two week high of $13.85. The company has a market cap of $618.61, a price-to-earnings ratio of 89.20, a price-to-earnings-growth ratio of 2.97 and a beta of 1.36.
QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.06. QuinStreet had a net margin of 0.78% and a return on equity of 5.77%. The firm had revenue of $87.49 million during the quarter, compared to the consensus estimate of $75.18 million. During the same period last year, the firm earned ($0.04) EPS. The business’s quarterly revenue was up 33.3% compared to the same quarter last year. equities analysts anticipate that QuinStreet Inc will post 0.18 EPS for the current year.
Several research analysts have commented on QNST shares. Zacks Investment Research raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Friday, February 9th. Barrington Research started coverage on shares of QuinStreet in a report on Tuesday, November 28th. They issued an “outperform” rating and a $12.50 price target for the company. Finally, Stephens reissued a “buy” rating and issued a $11.50 price target on shares of QuinStreet in a report on Thursday, February 1st.
A number of large investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in QuinStreet by 39.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,080,100 shares of the technology company’s stock valued at $17,431,000 after purchasing an additional 591,400 shares during the period. Vanguard Group Inc. boosted its holdings in QuinStreet by 22.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,623,130 shares of the technology company’s stock valued at $6,768,000 after purchasing an additional 296,222 shares during the period. Dimensional Fund Advisors LP boosted its holdings in QuinStreet by 9.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 932,647 shares of the technology company’s stock valued at $6,855,000 after purchasing an additional 84,301 shares during the period. State Street Corp raised its position in shares of QuinStreet by 4.5% during the 2nd quarter. State Street Corp now owns 764,300 shares of the technology company’s stock valued at $3,184,000 after buying an additional 32,730 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of QuinStreet by 19.0% during the 4th quarter. Bank of New York Mellon Corp now owns 481,221 shares of the technology company’s stock valued at $4,031,000 after buying an additional 76,854 shares in the last quarter. 63.72% of the stock is owned by hedge funds and other institutional investors.
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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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