Somewhat Favorable News Coverage Somewhat Unlikely to Affect QuinStreet (QNST) Stock Price
News coverage about QuinStreet (NASDAQ:QNST) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. QuinStreet earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.824967327077 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Separately, Barrington Research started coverage on QuinStreet in a report on Tuesday, November 28th. They issued an “outperform” rating and a $12.50 price target for the company.
Shares of QuinStreet (QNST) opened at $9.34 on Friday. QuinStreet has a fifty-two week low of $2.96 and a fifty-two week high of $10.97. The stock has a market capitalization of $427.24, a PE ratio of -58.38, a price-to-earnings-growth ratio of 2.65 and a beta of 1.12.
QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Monday, October 30th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. QuinStreet had a positive return on equity of 1.06% and a negative net margin of 2.29%. The company had revenue of $87.40 million during the quarter, compared to the consensus estimate of $79.90 million. During the same period in the prior year, the company earned $0.01 earnings per share. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. equities analysts forecast that QuinStreet will post 0.11 EPS for the current fiscal year.
In other QuinStreet news, Director James R. Simons sold 229,716 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $8.63, for a total value of $1,982,449.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John G. Mcdonald sold 14,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $10.37, for a total value of $145,180.00. Following the completion of the sale, the director now owns 67,671 shares of the company’s stock, valued at $701,748.27. The disclosure for this sale can be found here. Insiders sold 245,178 shares of company stock valued at $2,140,348 over the last 90 days. Corporate insiders own 24.10% of the company’s stock.
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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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