QuinStreet, Inc. (NASDAQ:QNST) CFO Sells $194,846.08 in Stock

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

QuinStreet Stock Performance

QNST opened at $22.60 on Thursday. QuinStreet, Inc. has a one year low of $14.14 and a one year high of $26.27. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -102.73 and a beta of 1.06. The stock’s 50 day moving average price is $22.85 and its 200-day moving average price is $20.86.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data 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 net margin of 1.31% and a negative return on equity of 4.13%. As a group, analysts predict that QuinStreet, Inc. will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on QNST shares. StockNews.com raised QuinStreet from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Craig Hallum increased their price objective on shares of QuinStreet from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Stephens boosted their target price on shares of QuinStreet from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. B. Riley restated a “buy” rating and set a $34.00 target price (up from $32.00) on shares of QuinStreet in a research report on Friday, February 7th. Finally, Lake Street Capital lifted their price target on QuinStreet from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.80.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in QNST. US Bancorp DE boosted its position in QuinStreet by 880.3% in the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after buying an additional 1,250 shares during the period. Quantbot Technologies LP bought a new stake in shares of QuinStreet during the third quarter valued at approximately $29,000. Arcadia Investment Management Corp MI purchased a new stake in shares of QuinStreet in the fourth quarter valued at approximately $38,000. KBC Group NV grew its stake in QuinStreet by 64.5% in the fourth quarter. KBC Group NV now owns 3,562 shares of the technology company’s stock worth $82,000 after purchasing an additional 1,396 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in QuinStreet by 43.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,808 shares of the technology company’s stock worth $88,000 after purchasing an additional 1,162 shares in the last quarter. Hedge funds and other institutional investors 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.