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

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 8,516 shares of the company’s 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 completion of the sale, the chief financial officer now owns 337,031 shares of the company’s stock, valued at approximately $7,711,269.28. The trade was a 2.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

QuinStreet Stock Down 4.5 %

Shares of QNST stock opened at $20.11 on Friday. The firm has a market cap of $1.14 billion, a P/E ratio of -91.41 and a beta of 1.06. The company has a 50 day moving average of $22.84 and a 200-day moving average of $20.86. QuinStreet, Inc. has a 12-month low of $14.14 and a 12-month high of $26.27.

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

Institutional Investors Weigh In On QuinStreet

Several large investors have recently added to or reduced their stakes in the company. PharVision Advisers LLC bought a new position in QuinStreet during the fourth quarter worth about $405,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of QuinStreet by 19.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 111,231 shares of the technology company’s stock valued at $2,566,000 after buying an additional 18,410 shares in the last quarter. ProShare Advisors LLC boosted its holdings in QuinStreet by 47.5% in the 4th quarter. ProShare Advisors LLC now owns 16,275 shares of the technology company’s stock worth $375,000 after buying an additional 5,238 shares during the period. Nomura Holdings Inc. grew its stake in QuinStreet by 6.2% in the 4th quarter. Nomura Holdings Inc. now owns 187,892 shares of the technology company’s stock valued at $4,335,000 after buying an additional 10,997 shares in the last quarter. Finally, Occudo Quantitative Strategies LP grew its stake in QuinStreet by 19.0% in the 4th quarter. Occudo Quantitative Strategies LP now owns 25,689 shares of the technology company’s stock valued at $593,000 after buying an additional 4,094 shares in the last quarter. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on QNST. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Stephens boosted their target price on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Craig Hallum increased 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. B. Riley reiterated a “buy” rating and set a $34.00 price target (up from $32.00) on shares of QuinStreet in a report on Friday, February 7th. Finally, Barrington Research restated an “outperform” rating and issued a $29.00 price objective 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.