QuinStreet, Inc. (QNST) Reaches New 52-Week High at $4.85
QuinStreet, Inc. (NASDAQ:QNST)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $4.85 and last traded at $4.85, with a volume of 71,511 shares. The stock had previously closed at $4.58.
Separately, TheStreet upgraded shares of QuinStreet from a “d+” rating to a “c” rating in a research report on Wednesday, June 28th.
The stock has a 50-day moving average price of $4.05 and a 200 day moving average price of $3.85. The firm’s market cap is $233.25 million.
QuinStreet (NASDAQ:QNST) last posted its earnings results on Tuesday, August 8th. The technology company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The company had revenue of $81.50 million for the quarter, compared to the consensus estimate of $80.91 million. QuinStreet had a negative return on equity of 2.36% and a negative net margin of 4.07%. QuinStreet’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 EPS. Equities research analysts predict that QuinStreet, Inc. will post $0.21 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP bought a new position in QuinStreet during the second quarter valued at approximately $241,000. State Street Corp increased its position in QuinStreet by 4.5% in the second quarter. State Street Corp now owns 764,300 shares of the technology company’s stock valued at $3,184,000 after buying an additional 32,730 shares during the period. Cornerstone Capital Management Holdings LLC. increased its position in QuinStreet by 167.8% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 47,400 shares of the technology company’s stock valued at $196,000 after buying an additional 29,700 shares during the period. Voya Investment Management LLC increased its position in QuinStreet by 21.7% in the second quarter. Voya Investment Management LLC now owns 29,642 shares of the technology company’s stock valued at $124,000 after buying an additional 5,278 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in QuinStreet by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 848,346 shares of the technology company’s stock valued at $3,538,000 after buying an additional 65,036 shares during the period. Institutional investors and hedge funds own 63.13% of the company’s stock.
QuinStreet Company Profile
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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