Insider Selling: QuinStreet, Inc. (NASDAQ:QNST) Director Sells 30,000 Shares of Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Matthew Glickman sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total value of $678,900.00. Following the completion of the transaction, the director now owns 113,140 shares in the company, valued at $2,560,358.20. This represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

QuinStreet Trading Down 2.4 %

QuinStreet stock opened at $20.31 on Friday. QuinStreet, Inc. has a twelve month low of $10.88 and a twelve month high of $26.27. The stock’s fifty day simple moving average is $19.75 and its 200-day simple moving average is $18.37. The firm has a market capitalization of $1.14 billion, a P/E ratio of -50.78 and a beta of 1.09.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data 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. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The business had revenue of $279.22 million for the quarter, compared to analyst estimates of $222.68 million. During the same quarter in the prior year, the company earned ($0.19) earnings per share. The company’s revenue was up 125.3% on a year-over-year basis. Sell-side analysts predict that QuinStreet, Inc. will post 0.15 earnings per share for the current year.

Institutional Trading of QuinStreet

A number of large investors have recently modified their holdings of QNST. BNP Paribas Financial Markets increased its position in shares of QuinStreet by 33.5% during the first quarter. BNP Paribas Financial Markets now owns 47,254 shares of the technology company’s stock worth $835,000 after acquiring an additional 11,857 shares during the period. Texas Permanent School Fund Corp raised its stake in QuinStreet by 1.9% in the first quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock valued at $806,000 after buying an additional 847 shares in the last quarter. ProShare Advisors LLC acquired a new stake in QuinStreet in the first quarter valued at $188,000. SageView Advisory Group LLC acquired a new stake in QuinStreet in the first quarter valued at $60,000. Finally, First Eagle Investment Management LLC raised its stake in QuinStreet by 20.2% in the first quarter. First Eagle Investment Management LLC now owns 549,223 shares of the technology company’s stock valued at $9,699,000 after buying an additional 92,200 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on QNST shares. Craig Hallum upped their price objective on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Stephens upped their price objective on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. StockNews.com lowered QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. B. Riley boosted their target price on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Barrington Research boosted their target price on QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

QuinStreet Company Profile

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.