Douglas Valenti Sells 10,000 Shares of QuinStreet, Inc. (NASDAQ:QNST) Stock

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) CEO Douglas Valenti sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $25.02, for a total transaction of $250,200.00. Following the sale, the chief executive officer now owns 1,836,754 shares of the company's stock, valued at approximately $45,955,585.08. The trade was a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

QuinStreet Stock Up 0.1 %

NASDAQ:QNST traded up $0.03 during mid-day trading on Tuesday, hitting $23.08. 330,186 shares of the stock traded hands, compared to its average volume of 516,537. The business's 50-day moving average price is $22.74 and its 200 day moving average price is $20.67. QuinStreet, Inc. has a 12-month low of $14.14 and a 12-month high of $26.27. The company has a market cap of $1.30 billion, a PE ratio of -104.86 and a beta of 1.06.

QuinStreet (NASDAQ:QNST - Get Free Report) last issued its quarterly earnings data 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 4.16% and a negative net margin of 1.31%. Analysts anticipate that QuinStreet, Inc. will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of QuinStreet

A number of large investors have recently modified their holdings of the business. US Bancorp DE raised its stake in QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company's stock valued at $27,000 after purchasing an additional 1,250 shares in the last quarter. Quantbot Technologies LP purchased 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 worth $38,000. KBC Group NV grew its position in QuinStreet by 64.5% in the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company's stock worth $82,000 after acquiring an additional 1,396 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in 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 last quarter. Institutional investors own 97.83% of the company's stock.

Wall Street Analyst Weigh In

QNST has been the topic of a number of recent research reports. Craig Hallum upped their price target on QuinStreet from $25.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Lake Street Capital increased their target price on shares of QuinStreet from $25.00 to $27.00 and gave the stock a "hold" rating in a research report on Friday. StockNews.com raised shares of QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday. B. Riley reaffirmed a "buy" rating and issued a $34.00 price objective (up from $32.00) on shares of QuinStreet in a report on Friday. Finally, Barrington Research reiterated an "outperform" rating and issued a $29.00 price objective on shares of QuinStreet in a research note on Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, QuinStreet presently has a consensus rating of "Moderate Buy" and an average target price of $29.80.

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.