QuinStreet Inc. (QNST) Stock Price Down 3.1%
Shares of QuinStreet Inc. (NASDAQ:QNST) traded down 3.1% during trading on Tuesday . The stock traded as low as $3.06 and last traded at $3.09, with a volume of 74,609 shares changing hands. The stock had previously closed at $3.19.
The company’s 50 day moving average is $3.26 and its 200-day moving average is $3.39. The company’s market cap is $141.37 million.
QuinStreet (NASDAQ:QNST) last announced its earnings results on Tuesday, August 9th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by $0.04. The company had revenue of $79.10 million for the quarter, compared to the consensus estimate of $82.41 million. QuinStreet had a negative return on equity of 7.28% and a negative net margin of 6.02%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 EPS. Equities analysts anticipate that QuinStreet Inc. will post $0.23 EPS for the current fiscal year.
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In related news, SVP Martin J. Collins sold 17,983 shares of QuinStreet stock in a transaction dated Wednesday, August 24th. The shares were 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 of the company’s stock, valued at approximately $287,823.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 24.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. increased its stake in shares of QuinStreet by 460.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 121,043 shares of the company’s stock valued at $414,000 after buying an additional 99,443 shares during the last quarter. Royce & Associates LP increased its stake in shares of QuinStreet by 6.9% in the first quarter. Royce & Associates LP now owns 4,986,185 shares of the company’s stock valued at $17,053,000 after buying an additional 322,000 shares during the last quarter. AXA increased its stake in shares of QuinStreet by 484.2% in the first quarter. AXA now owns 91,138 shares of the company’s stock valued at $312,000 after buying an additional 75,538 shares during the last quarter. Alambic Investment Management L.P. increased its stake in shares of QuinStreet by 44.8% in the second quarter. Alambic Investment Management L.P. now owns 72,591 shares of the company’s stock valued at $258,000 after buying an additional 22,464 shares during the last quarter. Finally, AWM Investment Company Inc. increased its stake in shares of QuinStreet by 105.7% in the second quarter. AWM Investment Company Inc. now owns 652,390 shares of the company’s stock valued at $2,316,000 after buying an additional 335,260 shares during the last quarter. 62.77% of the stock is owned by institutional investors and hedge funds.
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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