QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong Sells 8,516 Shares

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 8,516 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 directly owns 337,031 shares of the company’s stock, valued at $7,711,269.28. This represents a 2.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

QuinStreet Price Performance

QuinStreet stock traded down $0.31 during mid-day trading on Wednesday, reaching $22.60. 701,524 shares of the stock traded hands, compared to its average volume of 536,197. QuinStreet, Inc. has a 12-month low of $14.14 and a 12-month high of $26.27. The business’s 50-day moving average is $22.82 and its 200-day moving average is $20.82. The stock has a market capitalization of $1.28 billion, a PE ratio of -102.73 and a beta of 1.06.

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

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on QNST shares. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Barrington Research reaffirmed an “outperform” rating and issued a $29.00 price target on shares of QuinStreet in a research report on Friday, February 7th. Craig Hallum boosted their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Lake Street Capital upped 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. Finally, B. Riley reiterated a “buy” rating and issued a $34.00 price target (up from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, QuinStreet has a consensus rating of “Moderate Buy” and a consensus price target of $29.80.

QuinStreet Company Profile

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.