QuinStreet Inc (NASDAQ:QNST) CEO Douglas Valenti sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $12.59, for a total transaction of $409,175.00. Following the completion of the sale, the chief executive officer now directly owns 362,501 shares in the company, valued at $4,563,887.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of QNST stock traded up $0.18 during trading hours on Friday, hitting $12.95. 355,215 shares of the company’s stock were exchanged, compared to its average volume of 720,774. The company has a market capitalization of $650.89 million, a PE ratio of 10.97, a PEG ratio of 1.11 and a beta of 0.76. QuinStreet Inc has a 12-month low of $10.15 and a 12-month high of $20.02. The business’s 50 day simple moving average is $12.86 and its 200-day simple moving average is $14.26.
QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). The business had revenue of $121.96 million for the quarter, compared to analysts’ expectations of $128.92 million. QuinStreet had a return on equity of 6.53% and a net margin of 13.73%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. On average, sell-side analysts anticipate that QuinStreet Inc will post 0.44 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the business. Pinebridge Investments L.P. purchased a new position in shares of QuinStreet during the second quarter worth approximately $29,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of QuinStreet by 42.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,786 shares of the technology company’s stock worth $37,000 after acquiring an additional 832 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of QuinStreet by 8,798.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,360 shares of the technology company’s stock worth $69,000 after acquiring an additional 4,311 shares in the last quarter. Aperio Group LLC purchased a new position in shares of QuinStreet during the second quarter worth approximately $73,000. Finally, Quantamental Technologies LLC purchased a new position in shares of QuinStreet during the second quarter worth approximately $84,000. 97.64% of the stock is currently owned by hedge funds and other institutional investors.
QuinStreet Company Profile
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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