Gregory Wong, Chief Financial Officer of QuinStreet , Inc. (NASDAQ:QNST), recently sold 22,896 shares of the company’s common stock. The shares were sold at prices ranging from $20.36 to $21.21 per share, with the total transaction amounting to $478,755. After the sale, Wong retains ownership of 351,901 shares in the company. This transaction was conducted under a pre-arranged 10b5-1 trading plan.
In other recent news, QuinStreet, Inc. has delivered a robust financial performance, exceeding revenue and profit estimates in the first quarter of the fiscal year 2025. With a 125% year-over-year increase, the company achieved a new quarterly revenue record of $279.2 million, largely driven by a 664% surge in Auto Insurance revenue. Analysts from Craig-Hallum and Stephens have expressed confidence in the company's future performance, upgrading the stock price target and maintaining their positive ratings.
QuinStreet's impressive results were largely influenced by significant growth in the insurance sector, which saw a revenue increase of over 600%. The home services sector also contributed with a 32% revenue increase. According to the analysts, the expansion of marketing budgets across the insurance industry and a shift in carrier budgets from traditional calls to digital clicks could potentially benefit QuinStreet.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw a significant rise, exceeding the $20 million mark. This figure matched the total EBITDA of the previous fiscal year, indicating a strong financial position. 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 strong performance and its continued financial growth.
InvestingPro Insights
As Gregory Wong's recent stock sale catches attention, it's worth diving deeper into QuinStreet's financial landscape. According to InvestingPro data, QuinStreet boasts a market capitalization of $1.22 billion, reflecting its significant presence in the digital marketing industry. The company's revenue growth has been impressive, with a 37.05% increase over the last twelve months, reaching $768.81 million.
InvestingPro Tips highlight that QuinStreet holds more cash than debt on its balance sheet, suggesting a strong financial position. This aligns with the company's ability to maintain liquidity, as another tip indicates that liquid assets exceed short-term obligations. These factors may provide some context to Wong's decision to sell shares, as they point to a financially stable company.
Despite the positive revenue growth, it's noteworthy that QuinStreet was not profitable over the last twelve months. However, an InvestingPro Tip reveals that analysts predict the company will be profitable this year, which could signal a turning point for investors.
The stock's performance has been remarkable, with a 90.7% price total return over the past year. This strong momentum is further emphasized by another InvestingPro Tip, which notes the high return over the last three months as well.
For investors seeking a more comprehensive analysis, InvestingPro offers additional insights with 12 more tips available for QuinStreet. These extra tips could provide valuable context for understanding the CFO's stock sale and the company's overall financial health.
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