Andrew T. Sheehan, a director at QuinStreet , Inc. (NASDAQ:QNST), recently sold 10,000 shares of the company's common stock. The transactions, dated November 20, were executed at prices ranging from $21.50 to $21.51 per share, amounting to a total value of $215,000. Following this sale, Sheehan retains direct ownership of 55,018 shares.
Additionally, Sheehan holds 15,623 shares indirectly through a limited partnership and 200 shares through a trust. He disclaims beneficial ownership of these indirectly held shares, except for his pecuniary interest. These transactions were reported in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, QuinStreet, Inc. experienced a significant growth in its first quarter of the fiscal year 2025, with revenues far exceeding estimates. A key driver of this success was the insurance sector, which saw a revenue surge of over 600%. The home services sector also contributed to the strong performance with a 32% increase in revenue. QuinStreet's execution was lauded as "best in class" by an analyst at Craig-Hallum, who also raised the company's stock price target from $25.00 to $32.00.
Similarly, Stephens maintained an Overweight rating on QuinStreet and increased the price target to $27.00 from $23.00, attributing the company's success to an insurance "super cycle." QuinStreet also reported a 125% year-over-year increase in revenue, reaching a new quarterly record of $279.2 million, primarily driven by a substantial 664% surge in Auto Insurance revenue.
Looking ahead, QuinStreet has raised its full-year revenue outlook to approximately $1 billion, with adjusted EBITDA expected to fall between $75 million and $80 million. These recent developments underline QuinStreet's robust performance and its continued financial improvement, reflecting the confidence of both Craig-Hallum and Stephens in the company's ability to capitalize on the opportunities ahead.
InvestingPro Insights
In light of Andrew T. Sheehan's recent stock sale, it's worth examining QuinStreet's current financial position and market performance. According to InvestingPro data, QuinStreet boasts a market capitalization of $1.29 billion, reflecting its significant presence in the digital marketing industry.
The company's stock has shown remarkable performance, with a 100.98% price total return over the past year. This impressive gain aligns with an InvestingPro Tip indicating that QuinStreet has enjoyed a "high return over the last year." Additionally, the stock has demonstrated strong momentum, with a 20.74% return in the past month and a 31.48% return over the last three months.
Despite these positive indicators, it's important to note that QuinStreet was not profitable over the last twelve months, as highlighted by another InvestingPro Tip. However, analysts predict that the company will turn profitable this year, which could explain the recent stock price appreciation.
For investors seeking a more comprehensive analysis, InvestingPro offers 14 additional tips on QuinStreet, providing a deeper understanding of the company's financial health and growth prospects.
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