QuinStreet Inc (NASDAQ: QNST) is 45.40% higher on its value in year-to-date trading and has touched a low of $8.44 and a high of $20.91 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The QNST stock was last observed hovering at around $19.76 in the last trading session, with the day’s loss setting it -1.12%.
Currently trading at $18.64, the stock is -3.34% and 0.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing -5.67% at the moment leaves the stock 14.21% off its SMA200. QNST registered 107.11% gain for a year compared to 6-month gain of 7.44%. The firm has a 50-day simple moving average (SMA 50) of $18.6068 and a 200-day simple moving average (SMA200) of $16.3495.
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The stock witnessed a -5.09% loss in the last 1 month and extending the period to 3 months gives it a 21.51%, and is -7.59% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.37% over the week and 4.80% over the month.
QuinStreet Inc (QNST) has around 899 employees, a market worth around $1.05B and $613.51M in sales. Fwd P/E is 22.19. Profit margin for the company is -5.11%. Distance from 52-week low is 120.85% and -10.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.94%).
The EPS is expected to grow by 418.18% this year
235.0 institutions hold shares in QuinStreet Inc (QNST), with institutional investors hold 97.38% of the company’s shares. The shares outstanding are 55.47M, and float is at 52.70M with Short Float at 3.84%. Institutions hold 92.89% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.57 million shares valued at $142.16 million. The investor’s holdings represent 15.5615 of the QNST Shares outstanding. As of 2024-06-30, the second largest holder is PRIVATE CAPITAL MANAGEMENT, LLC with 4.26 million shares valued at $70.69 million to account for 7.7385 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.82 million shares representing 6.9343 and valued at over $63.35 million, while THRIVENT FINANCIAL FOR LUTHERANS holds 5.414 of the shares totaling 2.98 million with a market value of $49.46 million.
QuinStreet Inc (QNST) Insider Activity
The most recent transaction is an insider sale by Wong Gregory, the company’s CFO. SEC filings show that Wong Gregory sold 41,855 shares of the company’s common stock on Sep 12 ’24 at a price of $18.66 per share for a total of $0.78 million. Following the sale, the insider now owns 0.38 million shares.
Still, SEC filings show that on Aug 16 ’24, PAULDINE DAVID J (Director) Proposed Sale 11,000 shares at an average price of $17.50 for $0.19 million. The insider now directly holds shares of QuinStreet Inc (QNST).
