Insider Selling: QuinStreet, Inc. (NASDAQ:QNST) Director Sells $678,900.00 in Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Matthew Glickman sold 30,000 shares of QuinStreet stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total value of $678,900.00. Following the transaction, the director now owns 113,140 shares of the company’s stock, valued at $2,560,358.20. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

QuinStreet Trading Down 2.4 %

QNST stock opened at $20.31 on Friday. QuinStreet, Inc. has a 12-month low of $10.88 and a 12-month high of $26.27. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -50.78 and a beta of 1.09. The business’s 50-day moving average is $19.75 and its 200 day moving average is $18.37.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.07. The company had revenue of $279.22 million for the quarter, compared to analysts’ expectations of $222.68 million. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. QuinStreet’s revenue was up 125.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) EPS. As a group, equities analysts forecast that QuinStreet, Inc. will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

QNST has been the subject of a number of recent research reports. StockNews.com lowered QuinStreet from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. Stephens lifted their price target on QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. B. Riley lifted their price target on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Craig Hallum lifted their price target on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Lake Street Capital lifted their price target on QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its holdings in shares of QuinStreet by 2.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the technology company’s stock worth $438,000 after purchasing an additional 600 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of QuinStreet by 2.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 31,544 shares of the technology company’s stock worth $603,000 after purchasing an additional 712 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of QuinStreet by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,539 shares of the technology company’s stock worth $341,000 after purchasing an additional 719 shares during the last quarter. PEAK6 Investments LLC boosted its holdings in shares of QuinStreet by 3.4% during the 1st quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company’s stock worth $454,000 after purchasing an additional 843 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its holdings in shares of QuinStreet by 1.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 45,638 shares of the technology company’s stock worth $806,000 after purchasing an additional 847 shares during the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

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.