QuinStreet Inc (NASDAQ:QNST) CEO Douglas Valenti sold 99,523 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $13.62, for a total transaction of $1,355,503.26. Following the completion of the transaction, the chief executive officer now directly owns 313,019 shares of the company’s stock, valued at approximately $4,263,318.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Douglas Valenti also recently made the following trade(s):
- On Friday, February 16th, Douglas Valenti sold 50,000 shares of QuinStreet stock. The stock was sold at an average price of $12.52, for a total transaction of $626,000.00.
NASDAQ QNST opened at $12.38 on Friday. QuinStreet Inc has a 12-month low of $3.36 and a 12-month high of $14.65. The firm has a market capitalization of $592.26, a price-to-earnings ratio of -206.33, a PEG ratio of 2.85 and a beta of 0.91.
QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The business had revenue of $87.49 million for the quarter, compared to analyst estimates of $75.18 million. QuinStreet had a net margin of 0.78% and a return on equity of 5.77%. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) earnings per share. sell-side analysts anticipate that QuinStreet Inc will post 0.18 EPS for the current fiscal year.
A number of equities analysts recently commented on QNST shares. BidaskClub downgraded shares of QuinStreet from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 30th. Stephens reaffirmed a “buy” rating and issued a $11.50 price target on shares of QuinStreet in a report on Thursday, February 1st. Barrington Research reaffirmed a “buy” rating and issued a $15.00 price target on shares of QuinStreet in a report on Tuesday, March 20th. Zacks Investment Research raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Friday, February 9th. Finally, ValuEngine raised shares of QuinStreet from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Five investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of $13.17.
Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of QuinStreet by 22.3% during the second quarter. Vanguard Group Inc. now owns 1,623,130 shares of the technology company’s stock valued at $6,768,000 after buying an additional 296,222 shares during the last quarter. State Street Corp grew its holdings in shares of QuinStreet by 4.5% during the second 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 during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of QuinStreet during the third quarter valued at $490,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of QuinStreet during the third quarter valued at $441,000. Finally, Spark Investment Management LLC grew its holdings in shares of QuinStreet by 50.4% during the fourth quarter. Spark Investment Management LLC now owns 143,300 shares of the technology company’s stock valued at $1,200,000 after buying an additional 48,000 shares during the last quarter. 67.28% of the stock is currently owned by hedge funds and other institutional investors.
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QuinStreet Company Profile
QuinStreet, Inc, an Internet performance marketing and media company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.
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