QuinStreet, Inc. CEO Douglas Valenti Sells 10,000 Shares

QuinStreet, Inc. (NASDAQ:QNST - Get Free Report) CEO Douglas Valenti recently sold 10,000 shares of the company's stock. This transaction took place on Wednesday, February 5th, and the shares were sold at an average price of $25.02. In total, this sale amounted to $250,200. Following this sale, Douglas Valenti now owns 1,836,754 shares in QuinStreet, valued at approximately $45,955,585.08. This transaction represented a 0.54% reduction in his ownership stake. Details of the sale can be found in a legal filing with the Securities and Exchange Commission (SEC).

QuinStreet Stock Performance

On February 7th, shares of QuinStreet traded down by $1.07, dropping to $24.10. The company experienced a trading volume of 1,690,181 shares, significantly higher than its average of 505,199 shares. Over the past year, QuinStreet has reached a 12-month low of $13.75 and a high of $26.27. Currently, the stock's fifty-day moving average is $22.72, while its 200-day moving average stands at $20.58. QuinStreet holds a market capitalization of $1.36 billion and has a price-to-earnings ratio of -60.25, with a beta of 1.06.

Recent Earnings Results

QuinStreet recently released its quarterly earnings results on February 6th. The company reported earnings per share of ($0.03), which fell short of analysts' consensus estimates of $0.18 by a significant $0.21. Additionally, QuinStreet reported a negative net margin of 2.88% and a negative return on equity of 8.79%. Analysts predict that QuinStreet will post earnings per share of 0.15 for the current fiscal year.

Analyst Ratings and Price Targets

Several analysts have provided updated ratings for QuinStreet. StockNews.com lowered its rating for the company from "hold" to "sell" in a report issued on January 14th. Meanwhile, Lake Street Capital raised its target price from $25.00 to $27.00, maintaining a "hold" rating. Craig Hallum increased its price target from $25.00 to $32.00, giving the stock a "buy" rating. Barrington Research affirmed an "outperform" rating and set a price target of $29.00. Lastly, Stephens increased its price target from $23.00 to $27.00 while giving QuinStreet an "overweight" rating. Overall, one analyst rates the stock as a sell, one as hold, and four as buy. MarketBeat reports a consensus rating of "Moderate Buy" with a price target of $29.80.

Institutional Trading Activity

Institutional investors have been actively buying and selling shares of QuinStreet. JPMorgan Chase & Co. boosted its stake by 39.7% in the third quarter, acquiring an additional 127,689 shares. State Street Corp. also increased its position by 2.1%, now owning 1,989,976 shares valued at $38,068,000. Barclays PLC enhanced its stake by 149.7% during the same quarter, bringing its total to 127,404 shares. Furthermore, Geode Capital Management boosted its ownership by 3.0%, now holding 1,270,766 shares worth $24,315,000. Charles Schwab Investment Management grew its position by 8.8%, now owning 495,538 shares valued at $9,480,000. Institutional investors and hedge funds control approximately 97.83% of QuinStreet's stock.

About QuinStreet, Inc.

QuinStreet, Inc. is an online performance marketing company. It focuses on providing customer acquisition services, primarily for clients in the United States and internationally. The company delivers various online marketing services, which include generating qualified clicks, leads, calls, applications, and customers through both its websites and those of third-party publishers.

QuinStreet, Stock, CEO