Insider Selling: QuinStreet Inc (QNST) CFO Sells $120,969.63 in Stock

QuinStreet Inc (NASDAQ:QNST) CFO Gregory Wong sold 9,811 shares of the company’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $12.33, for a total value of $120,969.63. Following the sale, the chief financial officer now owns 223,946 shares of the company’s stock, valued at approximately $2,761,254.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Gregory Wong also recently made the following trade(s):

  • On Thursday, March 15th, Gregory Wong sold 22,929 shares of QuinStreet stock. The stock was sold at an average price of $13.69, for a total value of $313,898.01.

NASDAQ QNST opened at $12.97 on Thursday. The stock has a market cap of $600.49 million, a P/E ratio of -216.17, a price-to-earnings-growth ratio of 1.76 and a beta of 0.91. QuinStreet Inc has a twelve month low of $3.36 and a twelve month high of $14.65.



QuinStreet (NASDAQ:QNST) last issued its earnings results on Wednesday, April 25th. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.11. The business had revenue of $117.93 million during the quarter, compared to analysts’ expectations of $107.76 million. QuinStreet had a net margin of 2.44% and a return on equity of 10.19%. The business’s revenue for the quarter was up 48.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 earnings per share. analysts forecast that QuinStreet Inc will post 0.29 earnings per share for the current fiscal year.

Several research firms have recently issued reports on QNST. Barrington Research reiterated a “buy” rating and set a $15.00 price target on shares of QuinStreet in a research note on Tuesday, March 20th. Stephens reiterated a “buy” rating and set a $11.50 price target on shares of QuinStreet in a research note on Thursday, February 1st. BidaskClub cut QuinStreet from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 30th. ValuEngine raised QuinStreet from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research raised QuinStreet from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research report on Saturday, May 5th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $13.50.

A number of institutional investors have recently modified their holdings of QNST. Wells Fargo & Company MN raised its holdings in QuinStreet by 54.3% in the third quarter. Wells Fargo & Company MN now owns 41,870 shares of the technology company’s stock worth $308,000 after buying an additional 14,740 shares during the last quarter. Schwab Charles Investment Management Inc. purchased a new position in QuinStreet in the third quarter worth about $441,000. Dimensional Fund Advisors LP raised its holdings in QuinStreet by 9.9% in the third quarter. Dimensional Fund Advisors LP now owns 932,647 shares of the technology company’s stock worth $6,855,000 after buying an additional 84,301 shares during the last quarter. Acadian Asset Management LLC raised its holdings in QuinStreet by 4,050.6% in the fourth quarter. Acadian Asset Management LLC now owns 208,736 shares of the technology company’s stock worth $1,748,000 after buying an additional 203,707 shares during the last quarter. Finally, Strs Ohio purchased a new position in QuinStreet in the fourth quarter worth about $180,000. 71.59% of the stock is owned by institutional investors and hedge funds.

About QuinStreet

QuinStreet, Inc, an Internet performance marketing and media 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.

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

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