Insider Selling: QuinStreet Inc (NASDAQ:QNST) CEO Sells 32,500 Shares of Stock

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.

A number of equities research analysts recently weighed in on QNST shares. Zacks Investment Research downgraded shares of QuinStreet from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 17th. Lake Street Capital started coverage on shares of QuinStreet in a research note on Monday, June 24th. They issued a “buy” rating and a $21.00 target price on the stock. Northland Securities reaffirmed a “buy” rating and issued a $18.00 target price on shares of QuinStreet in a research note on Monday, August 12th. BidaskClub raised shares of QuinStreet from a “hold” rating to a “buy” rating in a research note on Saturday, August 31st. Finally, Barrington Research lowered their target price on shares of QuinStreet from $20.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $18.60.

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.

Featured Article: Stock Split

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

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.