QuinStreet Inc. (NASDAQ:QNST) shares fell 1.8% during mid-day trading on Wednesday . The stock traded as low as $3.31 and last traded at $3.34, with a volume of 90,027 shares. The stock had previously closed at $3.40.

Separately, Stephens raised QuinStreet from an “equal weight” rating to an “overweight” rating in a research note on Monday, May 2nd.

The company has a 50 day moving average of $3.42 and a 200 day moving average of $3.47. The company’s market capitalization is $151.69 million.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Tuesday, May 10th. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.03. During the same period last year, the business posted ($0.07) EPS. The business had revenue of $81.20 million for the quarter, compared to the consensus estimate of $83.12 million. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that QuinStreet Inc. will post $0.03 EPS for the current year.

An institutional investor recently raised its position in QuinStreet stock. Principal Financial Group Inc. boosted its stake in shares of QuinStreet Inc. (NASDAQ:QNST) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 234,072 shares of the company’s stock after buying an additional 10,136 shares during the period. Principal Financial Group Inc. owned 0.52% of QuinStreet worth $1,004,000 as of its most recent SEC filing.

QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.

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