QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) CFO Gregory Wong sold 8,516 shares of QuinStreet stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total transaction of $194,846.08. Following the transaction, the chief financial officer now directly owns 337,031 shares in the company, valued at $7,711,269.28. This represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
QuinStreet Trading Down 4.5 %
Shares of NASDAQ:QNST traded down $0.94 during midday trading on Friday, reaching $20.11. The company had a trading volume of 475,753 shares, compared to its average volume of 534,940. The stock has a market cap of $1.14 billion, a P/E ratio of -91.41 and a beta of 1.06. QuinStreet, Inc. has a 52-week low of $14.14 and a 52-week high of $26.27. The company's 50 day moving average price is $22.84 and its 200 day moving average price is $20.86.
QuinStreet (NASDAQ:QNST - Get Free Report) last issued its earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share 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%. Research analysts forecast that QuinStreet, Inc. will post 0.12 EPS for the current fiscal year.
Hedge Funds Weigh In On QuinStreet
A number of institutional investors and hedge funds have recently added to or reduced their stakes in QNST. Driehaus Capital Management LLC boosted its position in QuinStreet by 28.4% during the fourth quarter. Driehaus Capital Management LLC now owns 2,787,695 shares of the technology company's stock worth $64,312,000 after purchasing an additional 617,216 shares during the period. Invesco Ltd. boosted its position in QuinStreet by 177.8% during the fourth quarter. Invesco Ltd. now owns 946,108 shares of the technology company's stock worth $21,827,000 after purchasing an additional 605,500 shares during the period. G2 Investment Partners Management LLC bought a new position in QuinStreet during the fourth quarter worth about $7,203,000. BNP Paribas Financial Markets boosted its position in QuinStreet by 537.4% during the fourth quarter. BNP Paribas Financial Markets now owns 332,763 shares of the technology company's stock worth $7,677,000 after purchasing an additional 280,554 shares during the period. Finally, Oberweis Asset Management Inc. purchased a new stake in shares of QuinStreet in the fourth quarter worth about $5,191,000. Institutional investors own 97.83% of the company's stock.
Analysts Set New Price Targets
QNST has been the topic of a number of analyst reports. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Craig Hallum lifted 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. B. Riley reissued a "buy" rating and issued a $34.00 price target (up from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Lake Street Capital boosted their price target on shares of QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Finally, Barrington Research reissued an "outperform" rating and issued a $29.00 price target on shares of QuinStreet in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, QuinStreet presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.80.
Check Out Our Latest Research Report on QNST
About QuinStreet
(
Get Free Report)
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.
Featured Articles
Before you consider QuinStreet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QuinStreet wasn't on the list.
While QuinStreet currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
