Momentum Is Strong For QuinStreet Inc (NASDAQ: QNST)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed QuinStreet Reports Results for Second Quarter Fiscal 2024.

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Stocks Info

This NASDAQ-listed company operates within the Advertising Agencies industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $15.36 and fluctuated between $15.65 as its day high and $14.78 as its day low. The current market capitalization of QuinStreet Inc is $838.35M. A total of 1.23 million shares were traded on the day, compared to an average of 3.12 shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, QNST has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 50,000 and the disposition of 50,000 shares. Over the last 12 months, there were 22 BUYs and 41 SELLs from insiders. Insiders purchased 573,542 shares during that period but sold 366,163.

In the most recent transaction, Wong Gregory sold 7,145 shares of QNST for 12.94 per share on Dec 18. After the transaction, the CFO now owns 309,116 company shares. In a previous transaction on Dec 15, Wong Gregory sold 25,865 shares at 12.85 per share. QNST shares that CFO owns now total 316,261.

Among the insiders who sold shares, SHEEHAN ANDREW T disposed of 50,000 shares on Nov 15 at a per-share price of $11.44. This resulted in the Director holding 64,848 shares of QNST after the transaction. In another insider transaction, Valenti Douglas bought 2,500 shares at $9.00 per share on Sep 18. Company shares held by the Chief Executive Officer now total 1,857,279.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for QNST in the last 3 months, the mean price target is $15.04 with high estimates of $19.00 and low estimates of $12.00. In terms of 52-week highs and lows, QNST has a high of $18.18 and a low of $6.79.

As of this writing, QNST has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.13 per share and a lower estimate of $0.03. The company reported an EPS of -$0.03 in the last quarter, which was 25.00% higher than expectations of -$0.04.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. QNST’s latest balance sheet shows that the firm has $96.44M in Cash & Short Term Investments as of fiscal 2022. There were $3.86M in debt and $109.58M in liabilities at the time. Its Book Value Per Share was $3.92, while its Total Shareholder’s Equity was $286.00M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for QNST is Buy with a score of 4.33.

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