QuinStreet, Inc. (NASDAQ:QNST) Director James R. Simons Sells 229,716 Shares

QuinStreet, Inc. (NASDAQ:QNST) Director James R. Simons sold 229,716 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $8.63, for a total value of $1,982,449.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Friday, December 15th, James R. Simons sold 1,462 shares of QuinStreet stock. The stock was sold at an average price of $8.70, for a total value of $12,719.40.

QuinStreet, Inc. (NASDAQ:QNST) traded up $0.20 during trading hours on Friday, hitting $9.34. The company had a trading volume of 300,481 shares, compared to its average volume of 358,633. The company has a market capitalization of $416.27, a P/E ratio of -58.38, a PEG ratio of 2.65 and a beta of 1.12. QuinStreet, Inc. has a fifty-two week low of $2.96 and a fifty-two week high of $10.97.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Monday, October 30th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. The business had revenue of $87.40 million during the quarter, compared to the consensus estimate of $79.90 million. QuinStreet had a positive return on equity of 1.06% and a negative net margin of 2.29%. QuinStreet’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period last year, the company earned $0.01 earnings per share. sell-side analysts predict that QuinStreet, Inc. will post 0.11 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Texas Permanent School Fund boosted its position in QuinStreet by 0.8% during the second quarter. Texas Permanent School Fund now owns 26,197 shares of the technology company’s stock valued at $109,000 after purchasing an additional 219 shares during the last quarter. Legal & General Group Plc boosted its position in QuinStreet by 2.3% during the second quarter. Legal & General Group Plc now owns 61,218 shares of the technology company’s stock valued at $255,000 after purchasing an additional 1,350 shares during the last quarter. Citigroup Inc. boosted its position in QuinStreet by 3.8% during the second quarter. Citigroup Inc. now owns 50,968 shares of the technology company’s stock valued at $212,000 after purchasing an additional 1,889 shares during the last quarter. Voya Investment Management LLC boosted its position in QuinStreet by 21.7% during the second quarter. Voya Investment Management LLC now owns 29,642 shares of the technology company’s stock valued at $124,000 after purchasing an additional 5,278 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in QuinStreet by 4.3% during the second quarter. Ameriprise Financial Inc. now owns 194,744 shares of the technology company’s stock valued at $812,000 after purchasing an additional 8,095 shares during the last quarter. 63.70% of the stock is owned by hedge funds and other institutional investors.

Separately, Barrington Research assumed coverage on QuinStreet in a report on Tuesday, November 28th. They set an “outperform” rating and a $12.50 price objective for the company.

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QuinStreet Company Profile

QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.

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