QuinStreet Sees Unusually High Options Volume (NASDAQ:QNST)

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QuinStreet Inc (NASDAQ:QNST) was the recipient of some unusual options trading activity on Wednesday. Traders bought 1,139 put options on the stock. This represents an increase of approximately 1,194% compared to the typical daily volume of 88 put options.

QNST has been the topic of a number of analyst reports. BidaskClub lowered shares of QuinStreet from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. ValuEngine lowered shares of QuinStreet from a “buy” rating to a “hold” rating in a research note on Wednesday, February 20th. Zacks Investment Research upgraded shares of QuinStreet from a “sell” rating to a “hold” rating in a research note on Friday, March 8th. Singular Research reiterated a “buy” rating on shares of QuinStreet in a research note on Thursday, March 7th. Finally, Barrington Research reiterated a “buy” rating and set a $20.00 price objective on shares of QuinStreet in a research note on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $18.63.

QNST stock opened at $16.09 on Thursday. QuinStreet has a twelve month low of $12.12 and a twelve month high of $20.02. The company has a market cap of $804.44 million, a PE ratio of 50.28, a P/E/G ratio of 1.59 and a beta of 0.66.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Thursday, May 9th. The technology company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.11). QuinStreet had a return on equity of 8.30% and a net margin of 14.50%. The company had revenue of $116.23 million for the quarter, compared to analyst estimates of $119.63 million. Research analysts expect that QuinStreet will post 0.4 EPS for the current fiscal year.

In other news, Director Robin Josephs sold 25,000 shares of QuinStreet stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $16.04, for a total transaction of $401,000.00. Following the sale, the director now owns 125,404 shares in the company, valued at $2,011,480.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $1,525,000.00. Following the sale, the director now owns 36,621 shares in the company, valued at approximately $558,470.25. The disclosure for this sale can be found here. Company insiders own 12.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in QNST. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of QuinStreet by 42.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,786 shares of the technology company’s stock worth $37,000 after buying an additional 832 shares in the last quarter. Bruderman Asset Management LLC acquired a new stake in shares of QuinStreet during the fourth quarter worth approximately $41,000. NumerixS Investment Technologies Inc grew its position in shares of QuinStreet by 966.7% during the first quarter. NumerixS Investment Technologies Inc now owns 3,200 shares of the technology company’s stock worth $42,000 after buying an additional 2,900 shares in the last quarter. Parisi Gray Wealth Management acquired a new stake in shares of QuinStreet during the fourth quarter worth approximately $47,000. Finally, Flinton Capital Management LLC acquired a new stake in shares of QuinStreet during the fourth quarter worth approximately $64,000. 95.41% of the stock is owned by institutional investors and hedge funds.

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QuinStreet Company Profile

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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