QuinStreet Inc (NASDAQ:QNST) Director James R. Simons sold 229,718 shares of the business’s stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $10.94, for a total value of $2,513,114.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
James R. Simons also recently made the following trade(s):
- On Friday, March 16th, James R. Simons sold 229,717 shares of QuinStreet stock. The shares were sold at an average price of $13.67, for a total value of $3,140,231.39.
- On Thursday, January 18th, James R. Simons sold 229,627 shares of QuinStreet stock. The shares were sold at an average price of $9.00, for a total value of $2,066,643.00.
QuinStreet stock opened at $11.38 on Friday. QuinStreet Inc has a fifty-two week low of $3.36 and a fifty-two week high of $14.65. The stock has a market cap of $513.66, a price-to-earnings ratio of -189.67, a PEG ratio of 2.47 and a beta of 0.91.
QuinStreet (NASDAQ:QNST) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. QuinStreet had a return on equity of 5.77% and a net margin of 0.78%. The firm had revenue of $87.49 million for the quarter, compared to the consensus estimate of $75.18 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. The company’s revenue was up 33.3% compared to the same quarter last year. equities research analysts forecast that QuinStreet Inc will post 0.18 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of QuinStreet by 39.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,080,100 shares of the technology company’s stock worth $17,431,000 after buying an additional 591,400 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of QuinStreet by 9.9% in the third quarter. Dimensional Fund Advisors LP now owns 932,647 shares of the technology company’s stock worth $6,855,000 after buying an additional 84,301 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of QuinStreet by 19.0% in the fourth quarter. Bank of New York Mellon Corp now owns 481,221 shares of the technology company’s stock worth $4,031,000 after buying an additional 76,854 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of QuinStreet in the fourth quarter worth about $3,984,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of QuinStreet in the fourth quarter worth about $3,816,000. Hedge funds and other institutional investors own 67.34% of the company’s stock.
Several analysts have weighed in on QNST shares. Barrington Research reiterated a “buy” rating and set a $15.00 price target on shares of QuinStreet in a research note on Tuesday, March 20th. Stephens reiterated a “buy” rating and set a $11.50 price target on shares of QuinStreet in a research note on Thursday, February 1st. ValuEngine upgraded QuinStreet from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Friday, February 9th. Finally, BidaskClub downgraded QuinStreet from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $13.17.
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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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