Andrew T. Sheehan Sells 100,000 Shares of QuinStreet Inc (QNST) Stock

QuinStreet Inc (NASDAQ:QNST) Director Andrew T. Sheehan sold 100,000 shares of QuinStreet stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $15.25, for a total value of $1,525,000.00. Following the sale, the director now directly owns 36,621 shares in the company, valued at $558,470.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of QNST traded up $0.57 during mid-day trading on Thursday, reaching $15.73. The company had a trading volume of 756,085 shares, compared to its average volume of 813,159. QuinStreet Inc has a 52 week low of $12.12 and a 52 week high of $20.02. The stock has a market cap of $757.30 million, a P/E ratio of 49.16, a P/E/G ratio of 1.38 and a beta of 0.75.

Institutional investors and hedge funds have recently modified their holdings of the company. Huntington National Bank bought a new stake in shares of QuinStreet in the 4th quarter worth approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of QuinStreet by 42.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,786 shares of the technology company’s stock worth $37,000 after purchasing an additional 832 shares in the last quarter. Bruderman Asset Management LLC bought a new stake in shares of QuinStreet in the 4th quarter worth approximately $41,000. NumerixS Investment Technologies Inc boosted its position in shares of QuinStreet by 966.7% in the 1st quarter. NumerixS Investment Technologies Inc now owns 3,200 shares of the technology company’s stock worth $42,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Private Capital Group LLC bought a new stake in shares of QuinStreet in the 4th quarter worth approximately $46,000. 95.01% of the stock is currently owned by hedge funds and other institutional investors.

QNST has been the topic of several research reports. Zacks Investment Research raised QuinStreet from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. ValuEngine raised QuinStreet from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, BidaskClub cut QuinStreet from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. QuinStreet currently has a consensus rating of “Buy” and a consensus price target of $18.63.

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About QuinStreet

QuinStreet, Inc, an Internet performance marketing 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.

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