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

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 value of $250,200.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

QuinStreet Trading Down 4.3 %

QNST stock opened at $24.10 on Friday. The business has a 50-day simple moving average of $22.72 and a two-hundred day simple moving average of $20.58. QuinStreet, Inc. has a 52-week low of $13.75 and a 52-week high of $26.27.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Thursday, February 6th. The technology company reported ($0.03) earnings per share (EPS) 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 4.16%. On average, equities research analysts anticipate that QuinStreet, Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on QNST shares. Barrington Research reaffirmed an “outperform” rating and set a $29.00 price objective on shares of QuinStreet in a research report on Friday. B. Riley reaffirmed a “buy” rating and issued a $34.00 price target (up from $32.00) on shares of QuinStreet in a research note on Friday. Stephens increased their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. StockNews.com lowered QuinStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Finally, Lake Street Capital raised their price objective on QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Friday. One 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.80.

Institutional Trading of QuinStreet

Several institutional investors have recently made changes to their positions in the company. US Bancorp DE lifted its position in shares of QuinStreet by 880.3% during 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 bought a new position in shares of QuinStreet during the 3rd quarter worth approximately $29,000. Arcadia Investment Management Corp MI purchased a new position in shares of QuinStreet in the 4th quarter worth approximately $38,000. KBC Group NV grew its holdings in shares of QuinStreet by 64.5% in the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock valued at $82,000 after acquiring an additional 1,396 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of QuinStreet by 43.9% during 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.

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.