QuinStreet Inc. (QNST) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS
QuinStreet Inc. (NASDAQ:QNST) posted its earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.03. QuinStreet had a negative return on equity of 6.02% and a negative net margin of 5.16%. The firm had revenue of $73.43 million for the quarter, compared to analyst estimates of $82.80 million. During the same period in the previous year, the company posted ($0.02) EPS. QuinStreet’s revenue was up 1.5% on a year-over-year basis.
QuinStreet (NASDAQ:QNST) opened at 2.78 on Friday. The firm’s market cap is $127.19 million. QuinStreet has a 1-year low of $2.65 and a 1-year high of $5.19. The company’s 50-day moving average price is $3.05 and its 200 day moving average price is $3.32.
In other news, SVP Martin J. Collins sold 17,983 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $3.12, for a total value of $56,106.96. Following the completion of the transaction, the senior vice president now directly owns 92,251 shares of the company’s stock, valued at $287,823.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.50% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in QuinStreet by 3.3% in the third quarter. Rhumbline Advisers now owns 68,578 shares of the company’s stock worth $207,000 after buying an additional 2,175 shares during the period. California State Teachers Retirement System boosted its position in QuinStreet by 3.8% in the third quarter. California State Teachers Retirement System now owns 76,577 shares of the company’s stock worth $231,000 after buying an additional 2,800 shares during the period. BlackRock Group LTD boosted its position in QuinStreet by 1.4% in the third quarter. BlackRock Group LTD now owns 123,509 shares of the company’s stock worth $373,000 after buying an additional 1,764 shares during the period. AXA boosted its position in QuinStreet by 34.8% in the second quarter. AXA now owns 122,880 shares of the company’s stock worth $436,000 after buying an additional 31,742 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in QuinStreet by 3.7% in the third quarter. Ameriprise Financial Inc. now owns 178,239 shares of the company’s stock worth $539,000 after buying an additional 6,360 shares during the period. 62.51% of the stock is owned by institutional investors.
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 & Stock 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 stocks with our FREE daily email newsletter.