QuinStreet Inc. (QNST) Trading Down 4.8%
QuinStreet Inc. (NASDAQ:QNST) fell 4.8% during trading on Tuesday . The company traded as low as $3.54 and last traded at $3.60, with a volume of 60,328 shares trading hands. The stock had previously closed at $3.78.
Separately, Stephens upgraded QuinStreet from an “equal weight” rating to an “overweight” rating in a report on Monday, May 2nd.
The company’s 50 day moving average price is $3.52 and its 200 day moving average price is $3.42. The company’s market cap is $163.50 million.
QuinStreet (NASDAQ:QNST) last released its quarterly earnings results 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 firm earned $81.20 million during the quarter, compared to the consensus estimate of $83.12 million. During the same quarter in the previous year, the business posted ($0.07) earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts forecast that QuinStreet Inc. will post $0.03 earnings per share for the current year.
A hedge fund recently raised its stake in QuinStreet stock. Dimensional Fund Advisors LP raised its position in shares of QuinStreet Inc. (NASDAQ:QNST) by 18.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 661,294 shares of the company’s stock after buying an additional 103,461 shares during the period. Dimensional Fund Advisors LP owned about 1.47% of QuinStreet worth $2,837,000 at the end of the most recent reporting period.
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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