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

QuinStreet, Inc. (NASDAQ:QNST) Director Stuart Huizinga sold 7,020 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $23.21, for a total transaction of $162,934.20. Following the completion of the sale, the director now directly owns 174,903 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink.

QuinStreet Stock Performance

QNST stock opened at $22.78 on Friday. The company has a 50 day moving average price of $20.25 and a 200 day moving average price of $18.59. QuinStreet, Inc. has a fifty-two week low of $11.02 and a fifty-two week high of $26.27.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. B. Riley boosted their price objective on QuinStreet from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Craig Hallum boosted their price target 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. Barrington Research lifted their price objective on QuinStreet from $22.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, Lake Street Capital increased 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.00.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its stake in shares of QuinStreet by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,270,766 shares of the technology company’s stock worth $24,315,000 after buying an additional 36,963 shares during the last quarter. Barclays PLC raised its position in shares of QuinStreet by 149.7% during the 3rd quarter. Barclays PLC now owns 127,404 shares of the technology company’s stock valued at $2,436,000 after acquiring an additional 76,389 shares during the last quarter. State Street Corp lifted its stake in shares of QuinStreet by 2.1% in the 3rd quarter. State Street Corp now owns 1,989,976 shares of the technology company’s stock valued at $38,068,000 after purchasing an additional 41,538 shares during the period. Quarry LP boosted its position in shares of QuinStreet by 279.7% in the 3rd quarter. Quarry LP now owns 8,681 shares of the technology company’s stock worth $166,000 after purchasing an additional 6,395 shares during the last quarter. Finally, Portolan Capital Management LLC grew its stake in shares of QuinStreet by 9.6% during the third quarter. Portolan Capital Management LLC now owns 801,693 shares of the technology company’s stock worth $15,336,000 after purchasing an additional 70,408 shares during the period. Institutional investors 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.