QuinStreet (QNST) Director James R. Simons Sells 229,718 Shares

QuinStreet (NASDAQ:QNST) Director James R. Simons sold 229,718 shares of the company’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $12.39, for a total transaction of $2,846,206.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

James R. Simons also recently made the following trade(s):

  • On Tuesday, April 17th, James R. Simons sold 229,718 shares of QuinStreet stock. The stock was sold at an average price of $10.94, for a total transaction of $2,513,114.92.
  • On Friday, March 16th, James R. Simons sold 229,717 shares of QuinStreet stock. The stock was sold at an average price of $13.67, for a total transaction of $3,140,231.39.

QuinStreet traded up $0.39, reaching $12.80, on Thursday, MarketBeat.com reports. The stock had a trading volume of 530,171 shares, compared to its average volume of 749,888. The stock has a market cap of $584.46 million, a P/E ratio of -213.33, a PEG ratio of 1.71 and a beta of 0.91. QuinStreet has a 12-month low of $12.03 and a 12-month high of $12.46.

QuinStreet (NASDAQ:QNST) last issued its earnings results on Wednesday, April 25th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.11. The business had revenue of $117.93 million for the quarter, compared to analyst estimates of $107.76 million. QuinStreet had a net margin of 2.44% and a return on equity of 10.19%. The company’s revenue for the quarter was up 48.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 EPS. analysts predict that QuinStreet will post 0.29 earnings per share for the current year.

A number of analysts recently weighed in on QNST shares. Zacks Investment Research raised shares of QuinStreet from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Friday, February 9th. BidaskClub cut shares of QuinStreet from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 30th. Barrington Research reissued a “buy” rating and issued a $15.00 price objective on shares of QuinStreet in a research report on Tuesday, March 20th. TheStreet cut shares of QuinStreet from a “b” rating to a “c+” rating in a research report on Tuesday, May 1st. Finally, Stephens reissued a “buy” rating and issued a $11.50 price objective on shares of QuinStreet in a research report on Thursday, February 1st. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $13.50.

Institutional investors have recently modified their holdings of the company. LS Investment Advisors LLC raised its stake in shares of QuinStreet by 1,230.5% in the 4th quarter. LS Investment Advisors LLC now owns 14,556 shares of the technology company’s stock valued at $122,000 after purchasing an additional 13,462 shares in the last quarter. Martingale Asset Management L P acquired a new stake in shares of QuinStreet in the 4th quarter valued at about $129,000. Bessemer Group Inc. acquired a new stake in shares of QuinStreet in the 4th quarter valued at about $152,000. MetLife Investment Advisors LLC acquired a new stake in shares of QuinStreet in the 4th quarter valued at about $152,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of QuinStreet in the 4th quarter valued at about $168,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

QuinStreet Company Profile

QuinStreet, Inc, an Internet performance marketing and media company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

Insider Buying and Selling by Quarter for QuinStreet (NASDAQ:QNST)

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