QuinStreet Inc (NASDAQ:QNST) CEO Douglas Valenti sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $16.09, for a total value of $522,925.00. Following the transaction, the chief executive officer now directly owns 232,500 shares in the company, valued at approximately $3,740,925. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NASDAQ QNST traded down $0.24 on Friday, reaching $16.29. The stock had a trading volume of 480,152 shares, compared to its average volume of 767,714. QuinStreet Inc has a 1-year low of $12.12 and a 1-year high of $20.02. The firm has a market cap of $806.95 million, a price-to-earnings ratio of 50.91, a P/E/G ratio of 1.76 and a beta of 0.67.
QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, May 9th. The technology company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.11). QuinStreet had a net margin of 14.50% and a return on equity of 8.30%. The firm had revenue of $116.23 million during the quarter, compared to analyst estimates of $119.63 million. As a group, research analysts expect that QuinStreet Inc will post 0.37 EPS for the current year.
Several research firms have weighed in on QNST. BidaskClub lowered QuinStreet from a “buy” rating to a “hold” rating in a research report on Tuesday. Barrington Research reaffirmed a “buy” rating and set a $20.00 price target on shares of QuinStreet in a research report on Thursday, May 16th. Zacks Investment Research raised QuinStreet from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. Finally, ValuEngine lowered QuinStreet from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $18.63.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace North America L.P. bought a new stake in shares of QuinStreet during the 1st quarter worth $1,414,000. Marshall Wace LLP bought a new stake in shares of QuinStreet during the 1st quarter worth $8,580,000. Clearbridge Investments LLC bought a new stake in shares of QuinStreet during the 1st quarter worth $9,497,000. GYL Financial Synergies LLC bought a new position in QuinStreet in the first quarter valued at about $362,000. Finally, BlueCrest Capital Management Ltd bought a new position in QuinStreet in the first quarter valued at about $158,000. 95.41% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: “QuinStreet Inc (NASDAQ:QNST) CEO Sells $522,925.00 in Stock” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.dispatchtribunal.com/2019/06/14/quinstreet-inc-nasdaqqnst-ceo-sells-522925-00-in-stock.html.
QuinStreet, Inc, an Internet performance marketing 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.
See Also: Closed-End Mutual Funds
Receive News & Ratings for QuinStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuinStreet and related companies with MarketBeat.com's FREE daily email newsletter.