QuinStreet, Inc. (NASDAQ:QNST) was the target of a significant increase in short interest during the month of September. As of September 29th, there was short interest totalling 771,153 shares, an increase of 47.6% from the September 15th total of 522,610 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average trading volume of 307,259 shares, the short-interest ratio is presently 2.5 days.

Separately, TheStreet upgraded QuinStreet from a “d+” rating to a “c” rating in a report on Wednesday, June 28th.

QuinStreet (NASDAQ QNST) opened at 7.18 on Friday. The company’s market cap is $328.21 million. QuinStreet has a one year low of $2.61 and a one year high of $8.00. The firm’s 50-day moving average price is $6.49 and its 200-day moving average price is $4.63.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). QuinStreet had a negative net margin of 4.07% and a negative return on equity of 2.36%. The company had revenue of $81.50 million during the quarter, compared to the consensus estimate of $80.91 million. During the same quarter last year, the firm posted $0.02 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that QuinStreet will post $0.21 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Texas Permanent School Fund boosted its position in shares of QuinStreet by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 26,197 shares of the technology company’s stock valued at $109,000 after purchasing an additional 219 shares in the last quarter. Legal & General Group Plc boosted its position in shares of QuinStreet by 0.7% during the 1st quarter. Legal & General Group Plc now owns 59,868 shares of the technology company’s stock valued at $233,000 after purchasing an additional 431 shares in the last quarter. Comerica Bank boosted its position in shares of QuinStreet by 3.2% during the 1st quarter. Comerica Bank now owns 39,257 shares of the technology company’s stock valued at $174,000 after purchasing an additional 1,205 shares in the last quarter. Citigroup Inc. boosted its position in shares of QuinStreet by 3.8% during the 2nd quarter. Citigroup Inc. now owns 50,968 shares of the technology company’s stock valued at $212,000 after purchasing an additional 1,889 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of QuinStreet by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 407,747 shares of the technology company’s stock valued at $1,591,000 after purchasing an additional 2,696 shares in the last quarter. Institutional investors own 62.49% of the company’s stock.

WARNING: “Short Interest in QuinStreet, Inc. (QNST) Rises By 47.6%” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/10/14/short-interest-in-quinstreet-inc-qnst-rises-by-47-6.html.

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.

Receive News & Ratings for QuinStreet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuinStreet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.