QuinStreet Inc. (NASDAQ:QNST) shot up 4.4% on Monday . The stock traded as high as $3.63 and last traded at $3.55, with a volume of 82,821 shares. The stock had previously closed at $3.40.

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

The firm has a 50 day moving average of $3.45 and a 200 day moving average of $3.44. The company’s market cap is $163.50 million.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Tuesday, May 10th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.03. The business earned $81.20 million during the quarter, compared to analysts’ expectations of $83.12 million. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) EPS. Analysts expect 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. increased its position in shares of QuinStreet Inc. (NASDAQ:QNST) by 4.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 234,072 shares of the company’s stock after buying an additional 10,136 shares during the period. Principal Financial Group Inc. owned approximately 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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