QuinStreet Inc. (NASDAQ:QNST)’s share price dropped 4.2% during mid-day trading on Friday . The company traded as low as $3.12 and last traded at $3.16, with a volume of 59,245 shares. The stock had previously closed at $3.30.

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

The firm’s 50-day moving average is $3.56 and its 200 day moving average is $3.38. The company’s market capitalization is $144.22 million.

QuinStreet (NASDAQ:QNST) last released its earnings results on Tuesday, August 9th. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The firm earned $79.10 million during the quarter, compared to analysts’ expectations of $82.41 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. Analysts anticipate that QuinStreet Inc. will post $0.23 EPS for the current fiscal year.

A hedge fund recently raised its stake in QuinStreet stock. Dimensional Fund Advisors LP increased its stake in shares of QuinStreet Inc. (NASDAQ:QNST) by 18.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 quarter.

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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