QuinStreet Inc. (QNST) Trading 4.4% Higher
Shares of QuinStreet Inc. (NASDAQ:QNST) traded up 4.4% during mid-day trading on Monday . The company traded as high as $3.63 and last traded at $3.55, with a volume of 82,821 shares trading hands. The stock had previously closed at $3.40.
Separately, Stephens upgraded QuinStreet from an “equal weight” rating to an “overweight” rating in a research note on Monday, May 2nd.
The stock’s 50 day moving average price is $3.44 and its 200-day moving average price is $3.46. The company’s market cap is $161.68 million.
QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.03. The company earned $81.20 million during the quarter, compared to the consensus estimate of $83.12 million. During the same period in the previous year, the business posted ($0.07) earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that QuinStreet Inc. will post $0.03 earnings per share for the current year.
A hedge fund recently raised its stake in QuinStreet stock. Principal Financial Group Inc. raised its position in 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 (SEC). 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 filing with the SEC.
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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