QuinStreet Inc (QNST) Director James R. Simons Sells 229,717 Shares

QuinStreet Inc (NASDAQ:QNST) Director James R. Simons sold 229,717 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $12.53, for a total value of $2,878,354.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

James R. Simons also recently made the following trade(s):

  • On Tuesday, January 16th, James R. Simons sold 845 shares of QuinStreet stock. The stock was sold at an average price of $9.20, for a total value of $7,774.00.
  • On Thursday, January 18th, James R. Simons sold 229,627 shares of QuinStreet stock. The stock was sold at an average price of $9.00, for a total value of $2,066,643.00.
  • On Friday, December 15th, James R. Simons sold 1,462 shares of QuinStreet stock. The stock was sold at an average price of $8.70, for a total value of $12,719.40.
  • On Tuesday, December 19th, James R. Simons sold 229,716 shares of QuinStreet stock. The stock was sold at an average price of $8.63, for a total value of $1,982,449.08.

QuinStreet Inc (NASDAQ QNST) traded up $0.13 during midday trading on Tuesday, reaching $12.74. The company’s stock had a trading volume of 719,710 shares, compared to its average volume of 642,430. QuinStreet Inc has a 52 week low of $3.15 and a 52 week high of $13.25. The firm has a market cap of $585.32, a PE ratio of 254.80, a price-to-earnings-growth ratio of 2.80 and a beta of 1.36.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The business had revenue of $87.49 million for the quarter, compared to analyst estimates of $75.18 million. QuinStreet had a return on equity of 5.77% and a net margin of 0.78%. The company’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.04) EPS. equities research analysts forecast that QuinStreet Inc will post 0.18 EPS for the current year.

Several equities analysts have issued reports on the company. Zacks Investment Research upgraded QuinStreet from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Friday, February 9th. Stephens reiterated a “buy” rating and set a $11.50 target price on shares of QuinStreet in a research report on Thursday, February 1st. Finally, Barrington Research assumed coverage on QuinStreet in a research report on Tuesday, November 28th. They set an “outperform” rating and a $12.50 target price on the stock.

Several large investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of QuinStreet by 39.7% during the 4th quarter. Renaissance Technologies LLC now owns 2,080,100 shares of the technology company’s stock worth $17,431,000 after acquiring an additional 591,400 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of QuinStreet by 22.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,623,130 shares of the technology company’s stock worth $6,768,000 after acquiring an additional 296,222 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of QuinStreet by 9.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 932,647 shares of the technology company’s stock worth $6,855,000 after acquiring an additional 84,301 shares in the last quarter. State Street Corp boosted its stake in shares of QuinStreet by 4.5% during the 2nd quarter. State Street Corp now owns 764,300 shares of the technology company’s stock worth $3,184,000 after acquiring an additional 32,730 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of QuinStreet by 19.0% during the 4th quarter. Bank of New York Mellon Corp now owns 481,221 shares of the technology company’s stock worth $4,031,000 after acquiring an additional 76,854 shares in the last quarter. 63.72% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This article was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://stocknewstimes.com/2018/02/20/quinstreet-inc-qnst-director-james-r-simons-sells-229717-shares.html.

QuinStreet Company Profile

QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.

Insider Buying and Selling by Quarter for QuinStreet (NASDAQ:QNST)

Receive News & Ratings for QuinStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuinStreet and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply