In a recent transaction filed with the Securities and Exchange Commission, Stuart Huizinga, a director at QuinStreet , Inc. (NASDAQ:QNST), sold 2,980 shares of the company's common stock. The shares were sold at a price of $23.00 each, totaling $68,540. Following this transaction, Huizinga retains ownership of 171,923 shares in the company. This sale was executed on November 29, 2024, and the filing was made public on December 2, 2024.The transaction comes as QuinStreet's stock has shown remarkable strength, with an 80.5% gain year-to-date. The company, currently valued at $1.31 billion, is trading near its 52-week high of $26.27. According to InvestingPro data, analysts maintain a strong buy consensus with price targets ranging from $25 to $32, suggesting potential upside. For deeper insights into insider transactions and comprehensive analysis, including 14 additional ProTips, check out QuinStreet's detailed Pro Research Report on InvestingPro.
In other recent news, QuinStreet, Inc. has seen a significant increase in its revenue and profit estimates, mainly driven by a substantial surge in the insurance sector. The company's first quarter of the fiscal year 2025 performance exceeded expectations, with revenue growing by over 600% in the insurance sector and 32% in the home services sector. Analysts at Craig-Hallum and Stephens have expressed confidence in QuinStreet's continued strong performance, with both firms raising their stock price targets for the company.
QuinStreet's robust financial results were highlighted by a 125% year-over-year increase in revenue, reaching a new quarterly record of $279.2 million. This growth was primarily driven by a significant 664% increase in Auto Insurance revenue. The company's adjusted EBITDA also saw a remarkable rise, exceeding the $20 million mark, matching the total EBITDA of the previous fiscal year.
Looking forward, 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 strong performance and its continued financial improvement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.