QuinStreet, Inc. (QNST) Releases Earnings Results, Misses Estimates By $0.01 EPS
QuinStreet, Inc. (NASDAQ:QNST) issued its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.01, Briefing.com reports. QuinStreet had a negative return on equity of 2.36% and a negative net margin of 4.07%. The company had revenue of $81.50 million for the quarter, compared to the consensus estimate of $80.91 million. During the same period in the previous year, the firm earned $0.02 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year.
Shares of QuinStreet (NASDAQ:QNST) traded up 5.16% on Friday, hitting $4.48. The company’s stock had a trading volume of 345,337 shares. QuinStreet has a one year low of $2.61 and a one year high of $4.63. The firm’s market cap is $203.69 million. The stock has a 50-day moving average price of $3.95 and a 200 day moving average price of $3.80.
Separately, TheStreet raised QuinStreet from a “d+” rating to a “c” rating in a research note on Wednesday, June 28th.
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A number of hedge funds have recently bought and sold shares of QNST. Texas Permanent School Fund boosted its stake in QuinStreet by 0.8% in the second quarter. Texas Permanent School Fund now owns 26,197 shares of the technology company’s stock worth $109,000 after buying an additional 219 shares during the period. Wells Fargo & Company MN boosted its stake in QuinStreet by 48.8% in the second quarter. Wells Fargo & Company MN now owns 27,130 shares of the technology company’s stock worth $113,000 after buying an additional 8,900 shares during the period. State of Tennessee Treasury Department boosted its stake in QuinStreet by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 31,119 shares of the technology company’s stock worth $121,000 after buying an additional 4,696 shares during the period. Voya Investment Management LLC boosted its stake in QuinStreet by 21.7% in the second quarter. Voya Investment Management LLC now owns 29,642 shares of the technology company’s stock worth $124,000 after buying an additional 5,278 shares during the period. Finally, Comerica Bank boosted its stake in QuinStreet by 7.0% in the fourth quarter. Comerica Bank now owns 38,052 shares of the technology company’s stock worth $151,000 after buying an additional 2,503 shares during the period. Hedge funds and other institutional investors own 63.13% of the company’s stock.
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.
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