QuinStreet Inc (NASDAQ: QNST) is 82.92% higher on its value in year-to-date trading and has touched a low of $11.22 and a high of $26.27 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 $21.48 in the last trading session, with the day’s gains setting it 1.97%.
Currently trading at $23.45, the stock is 5.76% and 10.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.53 million and changing 9.17% at the moment leaves the stock 25.89% off its SMA200. QNST registered 79.69% gain for a year compared to 6-month gain of 51.29%. The firm has a 50-day simple moving average (SMA 50) of $21.167 and a 200-day simple moving average (SMA200) of $18.58785.
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The stock witnessed a 2.36% loss in the last 1 month and extending the period to 3 months gives it a 18.67%, and is 5.39% up 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 5.85% over the week and 4.00% over the month.
QuinStreet Inc (QNST) has around 899 employees, a market worth around $1.44B and $768.81M in sales. Fwd P/E is 21.24. Profit margin for the company is -2.88%. Distance from 52-week low is 109.00% and -10.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.76%).
The EPS is expected to grow by 653.25% this year
242.0 institutions hold shares in QuinStreet Inc (QNST), with institutional investors hold 96.70% of the company’s shares. The shares outstanding are 56.13M, and float is at 51.28M with Short Float at 3.39%. Institutions hold 92.49% 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
QuinStreet Inc disclosed in a document filed with the SEC on Nov 29 ’24 that Huizinga Stuart (Director) sold a total of 2,980 shares of the company’s common stock. The trade occurred on Nov 29 ’24 and was made at $23.00 per share for $68540.0. Following the transaction, the insider now directly holds 0.17 million shares of the QNST stock.
Still, SEC filings show that on Nov 29 ’24, Huizinga Stuart (Director) Proposed Sale 2,980 shares at an average price of $23.00 for $68540.0. The insider now directly holds shares of QuinStreet Inc (QNST).
