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

QuinStreet, Inc. (NASDAQ:QNST) CEO Douglas Valenti sold 10,000 shares of QuinStreet 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 completion of the transaction, the chief executive officer now owns 1,836,754 shares in the company, valued at approximately $45,955,585.08. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

QuinStreet Stock Performance

Shares of QNST stock traded down $1.07 during trading hours on Friday, hitting $24.10. The company had a trading volume of 1,690,181 shares, compared to its average volume of 505,199. QuinStreet, Inc. has a 12 month low of $13.75 and a 12 month high of $26.27. The firm’s fifty day moving average is $22.72 and its 200 day moving average is $20.58. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -60.25 and a beta of 1.06.

QuinStreet (NASDAQ:QNST) last announced its quarterly 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 net margin of 2.88% and a negative return on equity of 8.79%. On average, sell-side analysts expect that QuinStreet, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. StockNews.com lowered QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Lake Street Capital lifted 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. Craig Hallum boosted their price target on shares of QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Barrington Research reaffirmed an “outperform” rating and issued a $29.00 price objective on shares of QuinStreet in a research note on Friday. Finally, Stephens boosted their target price on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of QuinStreet by 39.7% during the third quarter. JPMorgan Chase & Co. now owns 449,589 shares of the technology company’s stock valued at $8,601,000 after acquiring an additional 127,689 shares during the period. State Street Corp lifted its position in QuinStreet by 2.1% during the 3rd quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock valued at $38,068,000 after purchasing an additional 41,538 shares during the period. Barclays PLC boosted its stake in shares of QuinStreet by 149.7% in the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company’s stock valued at $2,436,000 after purchasing an additional 76,389 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of QuinStreet by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company’s stock valued at $24,315,000 after purchasing an additional 36,963 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of QuinStreet by 8.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 495,538 shares of the technology company’s stock worth $9,480,000 after buying an additional 40,236 shares during the period. Institutional investors and hedge funds own 97.83% of the company’s stock.

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.