QuinStreet, Inc. (QNST) Sees Unusually-High Trading Volume
QuinStreet, Inc. (NASDAQ:QNST) saw an uptick in trading volume on Monday . 1,474,704 shares changed hands during trading, an increase of 929% from the previous session’s volume of 143,360 shares.The stock last traded at $10.04 and had previously closed at $9.19.
The stock has a market cap of $420.12, a PE ratio of 306.33 and a beta of 1.04.
QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Monday, October 30th. The technology company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. QuinStreet had a negative net margin of 2.29% and a positive return on equity of 1.06%. The firm had revenue of $87.40 million during the quarter, compared to the consensus estimate of $79.90 million. During the same quarter in the prior year, the firm earned $0.01 EPS. QuinStreet’s revenue for the quarter was up 19.1% on a year-over-year basis. research analysts anticipate that QuinStreet, Inc. will post 0.1 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Algert Global LLC purchased a new stake in QuinStreet in the 3rd quarter valued at $1,429,000. Cornerstone Capital Management Holdings LLC. raised its position in QuinStreet by 67.1% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 79,200 shares of the technology company’s stock valued at $581,000 after purchasing an additional 31,800 shares during the last quarter. OxFORD Asset Management LLP raised its position in QuinStreet by 659.0% in the 3rd quarter. OxFORD Asset Management LLP now owns 178,059 shares of the technology company’s stock valued at $1,338,000 after purchasing an additional 154,599 shares during the last quarter. Dimensional Fund Advisors LP raised its position in QuinStreet by 9.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 932,647 shares of the technology company’s stock valued at $6,855,000 after purchasing an additional 84,301 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. purchased a new stake in QuinStreet in the 3rd quarter valued at $441,000. Hedge funds and other institutional investors own 63.13% of the company’s stock.
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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