Gregory Wong Sells 8,516 Shares of QuinStreet, Inc. (NASDAQ:QNST) Stock

QuinStreet, Inc. (NASDAQ:QNST) CFO Gregory Wong sold 8,516 shares of QuinStreet stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.88, for a total transaction of $194,846.08. Following the sale, the chief financial officer now directly owns 337,031 shares of the company’s stock, valued at $7,711,269.28. This represents a 2.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

QuinStreet Price Performance

NASDAQ QNST opened at $21.05 on Friday. QuinStreet, Inc. has a one year low of $14.14 and a one year high of $26.27. The firm has a market cap of $1.19 billion, a P/E ratio of -95.68 and a beta of 1.06. The stock’s 50-day moving average is $22.85 and its 200-day moving average is $20.86.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Thursday, February 6th. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.21). QuinStreet had a negative return on equity of 4.13% and a negative net margin of 1.31%. Equities analysts anticipate that QuinStreet, Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on QNST shares. Stephens lifted 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. Barrington Research restated an “outperform” rating and set a $29.00 target price on shares of QuinStreet in a research report on Friday, February 7th. StockNews.com upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. B. Riley reissued a “buy” rating and set a $34.00 price objective (up previously from $32.00) on shares of QuinStreet in a research note on Friday, February 7th. Finally, Lake Street Capital upped their target price on shares of QuinStreet from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.80.

Institutional Investors Weigh In On QuinStreet

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its holdings in QuinStreet by 880.3% during the 3rd 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 bought a new position in shares of QuinStreet during the third quarter worth about $29,000. Arcadia Investment Management Corp MI acquired a new stake in QuinStreet in the 4th quarter valued at approximately $38,000. KBC Group NV lifted its stake in QuinStreet by 64.5% in the 4th 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. boosted its position in QuinStreet by 43.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock worth $88,000 after acquiring an additional 1,162 shares during the last quarter. 97.83% of the stock is owned by institutional investors.

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.