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

QuinStreet, Inc. (NASDAQ:QNST) Director Stuart Huizinga sold 2,980 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $23.00, for a total value of $68,540.00. Following the transaction, the director now directly owns 171,923 shares of the company’s stock, valued at $3,954,229. The trade was a 1.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

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

QuinStreet Trading Up 0.9 %

Shares of QuinStreet stock opened at $22.46 on Thursday. QuinStreet, Inc. has a twelve month low of $11.22 and a twelve month high of $26.27. The business’s fifty day moving average price is $20.49 and its 200 day moving average price is $18.73.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stephens raised their price target on QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Lake Street Capital raised their price objective on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. B. Riley raised their price objective on QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Barrington Research raised their price objective 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 upgraded QuinStreet from a “sell” rating to a “hold” rating in a report on Monday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE lifted its stake 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 worth $27,000 after purchasing an additional 1,250 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of QuinStreet during the third quarter worth about $29,000. Quarry LP lifted its stake in shares of QuinStreet by 11,330.0% during the second quarter. Quarry LP now owns 2,286 shares of the technology company’s stock worth $38,000 after purchasing an additional 2,266 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of QuinStreet during the second quarter worth about $175,000. Finally, Hsbc Holdings PLC lifted its stake in shares of QuinStreet by 26.1% during the second quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company’s stock worth $225,000 after purchasing an additional 2,895 shares in the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

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.