QuinStreet, Inc. (NASDAQ:QNST) CFO Sells $194,846.08 in Stock

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 8,516 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.88, for a total value of $194,846.08. Following the completion of the transaction, the chief financial officer now owns 337,031 shares of the company’s stock, valued at $7,711,269.28. The trade was a 2.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

QuinStreet Price Performance

Shares of QuinStreet stock opened at $21.05 on Friday. The business has a fifty day simple moving average of $22.85 and a two-hundred day simple moving average of $20.86. QuinStreet, Inc. has a 1 year low of $14.14 and a 1 year high of $26.27. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -95.68 and a beta of 1.06.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. As a group, equities analysts anticipate that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on QNST shares. Craig Hallum raised their price target on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Lake Street Capital raised their target price on shares of QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Friday, February 7th. B. Riley reaffirmed a “buy” rating and set a $34.00 price target (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Stephens lifted their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $29.00 target price on shares of QuinStreet in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $29.80.

Institutional Investors Weigh In On QuinStreet

Institutional investors have recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of QuinStreet by 880.3% during the third quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock worth $27,000 after purchasing an additional 1,250 shares during the period. Quantbot Technologies LP acquired a new position in QuinStreet in the 3rd quarter valued at $29,000. Arcadia Investment Management Corp MI bought a new position in QuinStreet during the 4th quarter worth $38,000. KBC Group NV lifted its holdings in shares of QuinStreet by 64.5% during the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock worth $82,000 after buying an additional 1,396 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of QuinStreet by 43.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock valued at $88,000 after acquiring an additional 1,162 shares during the period. Institutional investors own 97.83% of the company’s stock.

About QuinStreet

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.