Today it was reported that a Director at Quinstreet (NASDAQ: QNST), Gregory Sands, exercised options to buy 75,860 QNST shares at $5.58 a share, for a total transaction value of $423.5K.
Following this transaction Gregory Sands’ holding in the company was increased by 16.49% to a total of $8.02 million. Following Gregory Sands’ last QNST Buy transaction on April 30, 2018, the stock climbed by 3.7%.
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Based on Quinstreet’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $112 million and quarterly net profit of $5.42 million. In comparison, last year the company earned revenue of $81.53 million and had a GAAP net loss of $1.37 million. QNST’s market cap is $702.9M and the company has a P/E ratio of 48.26. Currently, Quinstreet has an average volume of 317.6K.
Starting in September 2017, QNST received 19 Buy ratings in a row. Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $18.75, reflecting a 25.2% upside. Four different firms, including Northland Securities and Craig-Hallum, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $1.43M worth of QNST shares and purchased $423.5K worth of QNST shares. The insider sentiment on Quinstreet has been negative according to 49 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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QuinStreet, Inc. is an online performance marketing products and technologies company. It engages in intent digital media or traffic from a range of device types, in multiple formats or types of media, and in a wide range of cost-per-action, or CPA, forms. The company was founded on April 16, 1999 and is headquartered in Foster City, CA.
