QuinStreet, Inc. (NASDAQ:QNST) Director Sells $68,540.00 in Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Stuart Huizinga sold 2,980 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $23.00, for a total transaction of $68,540.00. Following the completion of the sale, the director now owns 171,923 shares of the company’s stock, valued at $3,954,229. This represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Stuart Huizinga also recently made the following trade(s):

• On Monday, November 25th, Stuart Huizinga sold 7,020 shares of QuinStreet stock. The shares were sold at an average price of $23.21, for a total value of $162,934.20.

QuinStreet Stock Up 1.6 %

QNST stock traded up $0.36 during trading on Monday, hitting $23.14. The company had a trading volume of 599,724 shares, compared to its average volume of 414,600. The firm has a 50-day moving average price of $20.38 and a 200-day moving average price of $18.67. QuinStreet, Inc. has a 12 month low of $11.22 and a 12 month high of $26.27. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -57.85 and a beta of 1.09.

QuinStreet (NASDAQ:QNST) last released its earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. The company had revenue of $279.22 million during the quarter, compared to the consensus estimate of $222.68 million. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The firm’s quarterly revenue was up 125.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.19) earnings per share. Equities analysts expect that QuinStreet, Inc. will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in QuinStreet by 1.3% during the first quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock valued at $65,563,000 after purchasing an additional 48,705 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of QuinStreet by 12.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,188 shares of the technology company’s stock worth $269,000 after buying an additional 1,694 shares during the period. Janus Henderson Group PLC raised its position in QuinStreet by 95.2% in the 1st quarter. Janus Henderson Group PLC now owns 44,086 shares of the technology company’s stock valued at $778,000 after buying an additional 21,502 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of QuinStreet by 3.9% in the second quarter. Assenagon Asset Management S.A. now owns 183,250 shares of the technology company’s stock valued at $3,040,000 after purchasing an additional 6,853 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of QuinStreet by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock worth $438,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

Wall Street Analysts Forecast Growth

QNST has been the topic of a number of recent analyst reports. StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Craig Hallum boosted their price objective on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Lake Street Capital raised their target price on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. B. Riley lifted their target price on shares of QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Stephens upped their price target on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

About QuinStreet

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.