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

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

The stock’s market capitalization is $144.22 million. The company’s 50-day moving average price is $3.55 and its 200 day moving average price is $3.38.

QuinStreet (NASDAQ:QNST) last announced its earnings results on Tuesday, August 9th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.04. The company earned $79.10 million during the quarter, compared to analyst estimates of $82.41 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. Equities research analysts predict 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 boosted its position in shares of QuinStreet Inc. (NASDAQ:QNST) by 18.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 1.47% of QuinStreet worth $2,837,000 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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