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.
About QuinStreet
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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