QuinStreet Hits New 1-Year Low After Earnings Miss (QNST)
Shares of QuinStreet (NASDAQ:QNST) hit a new 52-week low during trading on Wednesday following a weaker than expected earnings announcement, AnalystRatings.Net reports. The stock traded as low as $4.75 and last traded at $4.90, with a volume of 90,673 shares. The stock had previously closed at $4.99.
The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.04. The company had revenue of $67.60 million for the quarter, compared to the consensus estimate of $68.50 million.
Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of QuinStreet in a research note on Wednesday. They now have a $5.00 price target on the stock, down previously from $7.00.
The stock has a 50-day moving average of $5.29 and a 200-day moving average of $6.03. The company’s market cap is $214.7 million.
QuinStreet, Inc (NASDAQ:QNST) is engaged in vertical marketing and media on the Internet.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.