QuinStreet, Inc. (NASDAQ:QNST) Director Stuart Huizinga Sells 7,020 Shares

QuinStreet, Inc. (NASDAQ:QNST) Director Stuart Huizinga sold 7,020 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $23.21, for a total transaction of $162,934.20. Following the transaction, the director now directly owns 174,903 shares in the company, valued at approximately $4,059,498.63. The trade was a 3.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

QuinStreet Price Performance

Shares of QNST opened at $22.79 on Wednesday. The firm’s 50 day moving average is $20.14 and its 200-day moving average is $18.53. The stock has a market capitalization of $1.28 billion, a P/E ratio of -56.98 and a beta of 1.09. QuinStreet, Inc. has a 12-month low of $11.02 and a 12-month high of $26.27.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.07. The company had revenue of $279.22 million for the quarter, compared to analysts’ expectations of $222.68 million. QuinStreet had a negative net margin of 2.88% and a negative return on equity of 8.79%. The business’s revenue was up 125.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.19) EPS. As a group, equities research analysts forecast that QuinStreet, Inc. will post 0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on QNST shares. Lake Street Capital raised their target price on shares of QuinStreet from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. B. Riley raised their target price on shares of QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Barrington Research raised their target price on shares of QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Craig Hallum lifted their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, QuinStreet presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of QuinStreet by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock worth $65,563,000 after acquiring an additional 48,705 shares in the last quarter. FMR LLC increased its position 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 acquiring an additional 109,892 shares in the last quarter. American Century Companies Inc. increased its position in shares of QuinStreet by 27.5% in the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock worth $33,763,000 after acquiring an additional 438,947 shares in the last quarter. State Street Corp increased its position in shares of QuinStreet by 2.1% in the third quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock worth $38,068,000 after acquiring an additional 41,538 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its position in shares of QuinStreet by 17.6% in the second quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock worth $25,050,000 after acquiring an additional 225,720 shares in the last quarter. 97.83% of the stock is owned by hedge funds and other 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.