QuinStreet, Inc. (NASDAQ:QNST) shot up 9.2% during trading on Tuesday . The company traded as high as $10.06 and last traded at $10.04. 1,474,700 shares changed hands during trading, an increase of 929% from the average session volume of 143,360 shares. The stock had previously closed at $9.19.

The company has a market capitalization of $458.97, a P/E ratio of 334.67 and a beta of 1.04.

QuinStreet (NASDAQ:QNST) last released its earnings results on Monday, October 30th. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. QuinStreet had a negative net margin of 2.29% and a positive return on equity of 1.06%. The company had revenue of $87.40 million for the quarter, compared to analysts’ expectations of $79.90 million. During the same quarter last year, the business earned $0.01 EPS. The firm’s revenue was up 19.1% compared to the same quarter last year. research analysts expect that QuinStreet, Inc. will post 0.1 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund raised its stake in QuinStreet by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 26,197 shares of the technology company’s stock worth $109,000 after acquiring an additional 219 shares during the period. Wells Fargo & Company MN raised its stake in QuinStreet by 48.8% during the 2nd quarter. Wells Fargo & Company MN now owns 27,130 shares of the technology company’s stock worth $113,000 after acquiring an additional 8,900 shares during the period. Voya Investment Management LLC raised its stake in QuinStreet by 21.7% during the 2nd quarter. Voya Investment Management LLC now owns 29,642 shares of the technology company’s stock worth $124,000 after acquiring an additional 5,278 shares during the period. Cornerstone Capital Management Holdings LLC. raised its stake in QuinStreet by 167.8% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 47,400 shares of the technology company’s stock worth $196,000 after acquiring an additional 29,700 shares during the period. Finally, Citigroup Inc. raised its stake in QuinStreet by 3.8% during the 2nd quarter. Citigroup Inc. now owns 50,968 shares of the technology company’s stock worth $212,000 after acquiring an additional 1,889 shares during the period. Institutional investors own 63.13% of the company’s stock.

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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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