QuinStreet, Inc. (NASDAQ:QNST) Director Stuart Huizinga Sells 2,980 Shares

QuinStreet, Inc. (NASDAQ:QNST) Director Stuart Huizinga sold 2,980 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $23.00, for a total value of $68,540.00. Following the transaction, the director now owns 171,923 shares of the company’s stock, valued at $3,954,229. This represents a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Stuart Huizinga also recently made the following trade(s):

• On Monday, November 25th, Stuart Huizinga sold 7,020 shares of QuinStreet stock. The shares were sold at an average price of $23.21, for a total value of $162,934.20.

QuinStreet Trading Up 1.6 %

QNST stock traded up $0.36 during mid-day trading on Monday, reaching $23.14. 599,724 shares of the stock traded hands, compared to its average volume of 414,600. The stock’s fifty day moving average is $20.38 and its 200-day moving average is $18.67. The company has a market cap of $1.30 billion, a P/E ratio of -57.85 and a beta of 1.09. QuinStreet, Inc. has a 52-week low of $11.22 and a 52-week high of $26.27.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The firm had revenue of $279.22 million during the quarter, compared to analyst estimates of $222.68 million. During the same quarter last year, the business posted ($0.19) EPS. The company’s revenue was up 125.3% on a year-over-year basis. Equities research analysts expect that QuinStreet, Inc. will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of QNST. American Century Companies Inc. lifted its position in shares of QuinStreet by 27.5% in the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock worth $33,763,000 after purchasing an additional 438,947 shares in the last quarter. Divisadero Street Capital Management LP purchased a new stake in QuinStreet in the 2nd quarter worth approximately $6,499,000. Driehaus Capital Management LLC boosted its stake in shares of QuinStreet by 17.6% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock valued at $25,050,000 after buying an additional 225,720 shares during the period. Squarepoint Ops LLC grew its holdings in shares of QuinStreet by 248.7% during the 2nd quarter. Squarepoint Ops LLC now owns 174,367 shares of the technology company’s stock valued at $2,893,000 after acquiring an additional 124,367 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of QuinStreet by 5.2% during the 3rd quarter. FMR LLC now owns 2,233,345 shares of the technology company’s stock valued at $42,724,000 after acquiring an additional 109,892 shares in the last quarter. 97.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on QNST. Craig Hallum increased their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Stephens boosted their price objective on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Lake Street Capital upped their price objective on QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Barrington Research lifted their target price on QuinStreet from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Finally, StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

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.