QuinStreet (NASDAQ:QNST) Director Asmau Ahmed Sells 15,000 Shares

Key Points

• QuinStreet director Asmau Ahmed sold 15,000 shares at an average price of $20.85, generating $312,750 and reducing her ownership by 30.01% to 34,979 shares. She also sold an additional 25,000 shares in three other recent transactions.
• QuinStreet reported quarterly EPS of $0.50, exceeding analysts’ $0.44 estimate, while revenue of $373.88 million also topped expectations. Shares traded near $20.76, close to the company’s 12-month high of $22.29.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $22.00; institutional investors and hedge funds own 97.83% of the stock.

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) Director Asmau Ahmed sold 15,000 shares of the business's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $20.85, for a total transaction of $312,750.00. Following the transaction, the director owned 34,979 shares of the company's stock, valued at $729,312.15. This represents a 30.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, August 17th, Asmau Ahmed sold 10,000 shares of QuinStreet stock. The stock was sold at an average price of $20.30, for a total value of $203,000.00.
• On Wednesday, August 12th, Asmau Ahmed sold 10,000 shares of QuinStreet stock. The shares were sold at an average price of $20.43, for a total value of $204,300.00.
• On Tuesday, August 11th, Asmau Ahmed sold 5,000 shares of QuinStreet stock. The shares were sold at an average price of $20.79, for a total value of $103,950.00.

QuinStreet Stock Performance

Shares of QNST stock traded up $0.59 on Tuesday, hitting $20.76. The company had a trading volume of 766,154 shares, compared to its average volume of 833,953. QuinStreet, Inc. has a twelve month low of $10.28 and a twelve month high of $22.29. 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 firm has a market cap of $1.19 billion, a P/E ratio of 14.72 and a beta of 0.66. The company has a 50-day moving average price of $15.83 and a 200-day moving average price of $13.42.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in QNST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in QuinStreet by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company's stock valued at $571,000 after buying an additional 1,381 shares in the last quarter. Millennium Management LLC lifted its position in shares of QuinStreet by 213.3% in the first quarter. Millennium Management LLC now owns 714,482 shares of the technology company's stock valued at $12,746,000 after acquiring an additional 486,406 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of QuinStreet by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 540,286 shares of the technology company's stock valued at $9,639,000 after acquiring an additional 88,431 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of QuinStreet in the first quarter worth approximately $299,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of QuinStreet by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,366 shares of the technology company's stock worth $2,022,000 after acquiring an additional 2,135 shares during the last quarter. 97.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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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