Asmau Ahmed Sells 10,000 Shares of QuinStreet (NASDAQ:QNST) Stock

Key Points

• Director Asmau Ahmed sold 10,000 QuinStreet shares at an average price of $20.43, generating $204,300 and reducing her ownership by 16.67% to 49,979 shares. She also sold 5,000 shares the previous day for $103,950.
• QuinStreet recently beat quarterly expectations, reporting $0.50 in EPS versus the $0.44 consensus and revenue of $373.88 million versus estimates of $359.95 million.
• Analyst sentiment is broadly positive: four analysts rate the stock a Buy and two rate it Hold, producing a Moderate Buy consensus with a $22 price target.

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) Director Asmau Ahmed sold 10,000 shares of the firm's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $20.43, for a total value of $204,300.00. Following the completion of the sale, the director owned 49,979 shares of the company's stock, valued at approximately $1,021,070.97. This trade represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Asmau Ahmed also recently made the following trade(s):

• On Tuesday, August 11th, Asmau Ahmed sold 5,000 shares of QuinStreet stock. The stock was sold at an average price of $20.79, for a total transaction of $103,950.00.

QuinStreet Price Performance

NASDAQ:QNST traded down $0.05 during mid-day trading on Thursday, reaching $20.74. 795,008 shares of the company were exchanged, compared to its average volume of 836,112. The company has a quick ratio of 1.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.19 billion, a PE ratio of 14.71 and a beta of 0.66. QuinStreet, Inc. has a 12 month low of $10.28 and a 12 month high of $22.29. The company has a fifty day moving average of $15.32 and a 200 day moving average of $13.29.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its earnings results on Thursday, August 6th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.06. QuinStreet had a net margin of 6.28% and a return on equity of 12.73%. The company had revenue of $373.88 million for the quarter, compared to analyst estimates of $359.95 million. On average, research analysts anticipate that QuinStreet, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on QNST. Lake Street Capital upgraded QuinStreet from a "hold" rating to a "buy" rating and set a $21.00 price objective on the stock in a research report on Friday, August 7th. Wall Street Zen raised QuinStreet from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Weiss Ratings upgraded QuinStreet from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, July 9th. B. Riley Financial reissued a "buy" rating on shares of QuinStreet in a report on Friday, August 7th. Finally, Zacks Research upgraded shares of QuinStreet from a "strong sell" rating to a "hold" rating in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in QNST. PNC Financial Services Group Inc. increased its holdings in QuinStreet by 54.4% in the first quarter. PNC Financial Services Group Inc. now owns 3,027 shares of the technology company's stock valued at $36,000 after purchasing an additional 1,066 shares during the last quarter. GAMMA Investing LLC boosted its holdings in QuinStreet by 17.0% during the second quarter. GAMMA Investing LLC now owns 4,457 shares of the technology company's stock worth $65,000 after buying an additional 649 shares during the last quarter. Allworth Financial LP acquired a new position in shares of QuinStreet during the 2nd quarter worth about $66,000. Farther Finance Advisors LLC grew its position in shares of QuinStreet by 10.2% during the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company's stock worth $113,000 after buying an additional 730 shares during the period. Finally, Tripletail Wealth Management LLC increased its stake in shares of QuinStreet by 35.2% in the 4th quarter. Tripletail Wealth Management LLC now owns 9,290 shares of the technology company's stock valued at $133,000 after acquiring an additional 2,420 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors.

QuinStreet Company Profile

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.

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