QuinStreet Inc. (QNST) Stock Price Up 4.2%
QuinStreet Inc. (NASDAQ:QNST) shares rose 4.2% during trading on Thursday . The company traded as high as $3.20 and last traded at $3.19, with a volume of 64,238 shares traded. The stock had previously closed at $3.06.
The company’s market capitalization is $145.94 million. The company has a 50-day moving average price of $3.46 and a 200 day moving average price of $3.37.
QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.04. During the same period in the previous year, the business posted $0.01 EPS. The firm earned $79.10 million during the quarter, compared to the consensus estimate of $82.41 million. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. Analysts anticipate that QuinStreet Inc. will post $0.23 earnings per share for the current year.
In related news, SVP Martin J. Collins sold 17,983 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $3.12, for a total transaction of $56,106.96. Following the completion of the sale, the senior vice president now owns 92,251 shares in the company, valued at approximately $287,823.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
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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