QuinStreet Inc (NASDAQ:QNST) CEO Sells $104,106.30 in Stock

QuinStreet Inc (NASDAQ:QNST) CEO Douglas Valenti sold 6,987 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $14.90, for a total transaction of $104,106.30. Following the completion of the sale, the chief executive officer now owns 294,487 shares of the company’s stock, valued at approximately $4,387,856.30. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Douglas Valenti also recently made the following trade(s):

  • On Thursday, February 6th, Douglas Valenti sold 89,658 shares of QuinStreet stock. The shares were sold at an average price of $14.72, for a total transaction of $1,319,765.76.
  • On Tuesday, January 21st, Douglas Valenti sold 979 shares of QuinStreet stock. The shares were sold at an average price of $14.57, for a total transaction of $14,264.03.
  • On Wednesday, January 15th, Douglas Valenti sold 2,400 shares of QuinStreet stock. The shares were sold at an average price of $14.60, for a total transaction of $35,040.00.
  • On Friday, January 17th, Douglas Valenti sold 5,009 shares of QuinStreet stock. The shares were sold at an average price of $14.61, for a total transaction of $73,181.49.
  • On Friday, January 10th, Douglas Valenti sold 2,404 shares of QuinStreet stock. The shares were sold at an average price of $14.49, for a total transaction of $34,833.96.
  • On Monday, January 13th, Douglas Valenti sold 4,663 shares of QuinStreet stock. The shares were sold at an average price of $14.59, for a total transaction of $68,033.17.
  • On Wednesday, January 8th, Douglas Valenti sold 5,600 shares of QuinStreet stock. The stock was sold at an average price of $14.89, for a total transaction of $83,384.00.
  • On Monday, January 6th, Douglas Valenti sold 7,400 shares of QuinStreet stock. The stock was sold at an average price of $15.19, for a total transaction of $112,406.00.
  • On Thursday, January 2nd, Douglas Valenti sold 7,200 shares of QuinStreet stock. The stock was sold at an average price of $15.13, for a total transaction of $108,936.00.
  • On Monday, December 23rd, Douglas Valenti sold 24,992 shares of QuinStreet stock. The stock was sold at an average price of $15.51, for a total transaction of $387,625.92.

NASDAQ QNST traded down $0.05 during trading on Friday, reaching $14.82. 347,882 shares of the stock traded hands, compared to its average volume of 516,716. The firm has a market cap of $743.93 million, a price-to-earnings ratio of 114.01, a price-to-earnings-growth ratio of 1.77 and a beta of 0.75. The stock’s 50-day moving average price is $14.52 and its 200 day moving average price is $13.81. The company has a quick ratio of 1.73, a current ratio of 1.83 and a debt-to-equity ratio of 0.05. QuinStreet Inc has a fifty-two week low of $10.15 and a fifty-two week high of $17.13.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.12. The firm had revenue of $118.10 million during the quarter, compared to analysts’ expectations of $114.31 million. QuinStreet had a net margin of 1.46% and a return on equity of 3.13%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 earnings per share. Analysts anticipate that QuinStreet Inc will post 0.33 EPS for the current fiscal year.

Several brokerages have recently commented on QNST. BidaskClub cut shares of QuinStreet from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 1st. Barrington Research reiterated a “buy” rating and set a $16.00 price target on shares of QuinStreet in a research report on Thursday, February 6th. ValuEngine cut shares of QuinStreet from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Zacks Investment Research cut shares of QuinStreet from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. QuinStreet presently has a consensus rating of “Buy” and a consensus target price of $18.40.

Hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System lifted its stake in QuinStreet by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 70,591 shares of the technology company’s stock valued at $889,000 after acquiring an additional 843 shares in the last quarter. Metropolitan Life Insurance Co NY grew its stake in QuinStreet by 8.3% in the third quarter. Metropolitan Life Insurance Co NY now owns 14,639 shares of the technology company’s stock worth $184,000 after purchasing an additional 1,127 shares during the period. PNC Financial Services Group Inc. grew its stake in QuinStreet by 56.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,160 shares of the technology company’s stock worth $64,000 after purchasing an additional 1,509 shares during the period. Falcon Point Capital LLC grew its stake in QuinStreet by 2.8% in the fourth quarter. Falcon Point Capital LLC now owns 66,795 shares of the technology company’s stock worth $1,023,000 after purchasing an additional 1,794 shares during the period. Finally, Principal Financial Group Inc. grew its stake in QuinStreet by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 368,604 shares of the technology company’s stock worth $5,643,000 after purchasing an additional 1,930 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

About QuinStreet

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.

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Insider Buying and Selling by Quarter for QuinStreet (NASDAQ:QNST)

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