QuinStreet Inc (NASDAQ:QNST) CFO Gregory Wong sold 18,813 shares of QuinStreet stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $10.12, for a total value of $190,387.56. Following the sale, the chief financial officer now owns 221,092 shares of the company's stock, valued at approximately $2,237,451.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Gregory Wong also recently made the following trade(s):
- On Friday, June 26th, Gregory Wong sold 21,187 shares of QuinStreet stock. The shares were sold at an average price of $10.05, for a total value of $212,929.35.
QuinStreet stock traded up $0.31 during trading hours on Tuesday, reaching $10.46. The company had a trading volume of 280,687 shares, compared to its average volume of 506,505. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.97 and a quick ratio of 1.97. The company has a 50-day moving average price of $10.29 and a 200 day moving average price of $11.52. The firm has a market cap of $516.41 million, a price-to-earnings ratio of 28.27, a P/E/G ratio of 6.63 and a beta of 1.09. QuinStreet Inc has a 12-month low of $5.76 and a 12-month high of $17.13.
QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.13 EPS for the quarter, missing the Zacks' consensus estimate of $0.14 by ($0.01). The company had revenue of $128.66 million during the quarter, compared to analysts' expectations of $128.75 million. QuinStreet had a return on equity of 8.57% and a net margin of 4.04%. As a group, research analysts expect that QuinStreet Inc will post 0.06 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the business. Rhumbline Advisers increased its stake in QuinStreet by 2.3% in the 1st quarter. Rhumbline Advisers now owns 145,486 shares of the technology company's stock worth $1,171,000 after purchasing an additional 3,305 shares during the period. BNP Paribas Arbitrage SA increased its stake in QuinStreet by 56.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 18,424 shares of the technology company's stock worth $148,000 after purchasing an additional 6,630 shares during the period. JPMorgan Chase & Co. increased its stake in shares of QuinStreet by 49.8% during the first quarter. JPMorgan Chase & Co. now owns 265,689 shares of the technology company's stock valued at $2,138,000 after buying an additional 88,278 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of QuinStreet during the first quarter valued at approximately $223,000. Finally, State Street Corp increased its stake in shares of QuinStreet by 1.0% during the fourth quarter. State Street Corp now owns 1,304,048 shares of the technology company's stock valued at $19,965,000 after buying an additional 12,833 shares during the period. 88.11% of the stock is currently owned by institutional investors and hedge funds.
QNST has been the subject of a number of recent research reports. Lake Street Capital dropped their target price on QuinStreet from $19.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, May 7th. BidaskClub upgraded QuinStreet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 19th. Zacks Investment Research upgraded QuinStreet from a "sell" rating to a "hold" rating in a research report on Wednesday, March 25th. Finally, Barrington Research restated a "hold" rating on shares of QuinStreet in a research report on Thursday, May 28th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. QuinStreet has a consensus rating of "Hold" and a consensus target price of $16.40.
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.
Further Reading: Inflation
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
10 Best Tech Stocks to Buy After the Market’s Historic Sell-Off
Technology stocks are among the most volatile in the market. The allure of big gains comes with the risk of sharp downturns. When the market is trending upwards, these stocks have a tendency to lead the way. Conversely, when the market is selling off, tech stocks post some of the largest losses. And in the coronavirus crash tech stocks took their usual beating.
But an interesting dynamic is happening. As stocks are trying to stage a comeback, many tech stocks are being left behind. Many of the leading tech stocks trade on the NASDAQ exchange. However, as the Dow Jones Industrial Average (DJIA) and S&P 500 posted gains on March 25, the NASDAQ stayed down.
And that’s an opportunity for investors who know where to look. We’ve put together this presentation to give you ten technology stocks that look to be solid bets no matter which way the market moves. Some of the stocks you’ll see are companies that have a business model that is perfectly suited for today’s social distancing environment.
View the "10 Best Tech Stocks to Buy After the Market’s Historic Sell-Off".