QuinStreet, Inc. (NASDAQ:QNST) Director Sells $162,934.20 in Stock

QuinStreet, Inc. (NASDAQ:QNST) Director Stuart Huizinga sold 7,020 shares of QuinStreet stock in a transaction on Monday, November 25th. The shares were sold at an average price of $23.21, for a total value of $162,934.20. Following the transaction, the director now owns 174,903 shares in the company, valued at approximately $4,059,498.63. This trade represents a 3.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

QuinStreet Trading Down 0.0 %

Shares of QNST stock opened at $22.78 on Friday. QuinStreet, Inc. has a 1-year low of $11.02 and a 1-year high of $26.27. The stock’s fifty day simple moving average is $20.25 and its 200-day simple moving average is $18.59.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Lake Street Capital lifted their target price on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Stephens lifted their price target 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. 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. Craig Hallum upped their target price on QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, B. Riley lifted their price target on QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, QuinStreet has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Institutional Investors Weigh In On QuinStreet

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