QuinStreet (QNST) set to report quarterly results on Wednesday

QuinStreet (NASDAQ:QNST – Get a rating) is expected to report earnings after the market closes on Wednesday, August 3. Analysts expect the company to report earnings of $0.04 per share for the quarter. Individuals wishing to listen to the company’s earnings conference call can do so using this link.

QuinStreet (NASDAQ:QNST – Get a rating) last reported results on Wednesday, May 4. The technology company reported EPS of $0.04 for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company posted revenue of $150.66 million for the quarter, compared to $152.51 million expected by analysts. QuinStreet had a net margin of 0.59% and a return on equity of 1.16%. On average, analysts expect QuinStreet to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

QuinStreet trades down 1.2%

QuinStreet stock opened at $10.65 on Wednesday. The stock has a market capitalization of $583.73 million, a price/earnings ratio of 152.16 and a beta of 1.04. The company’s 50-day moving average price is $10.58 and its two-hundred-day moving average price is $11.62. QuinStreet has a 52 week minimum of $8.28 and a 52 week maximum of $21.00.

Analyst upgrades and downgrades

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QNST has been the subject of several recent analyst reports. StockNews.com upgraded QuinStreet’s shares from a “sell” rating to a “hold” rating in a report released Sunday. William Blair reaffirmed an “outperform” rating on QuinStreet shares in a Thursday, April 21 research report. Two research analysts gave the stock a hold rating and two gave the company a buy rating. According to MarketBeat.com, QuinStreet currently has an average rating of “Moderate Buy” and a consensus target price of $13.50.

Insider activity

In other news, Director James R. Simons bought 10,000 shares of QuinStreet in a trade dated Thursday, May 12. The shares were purchased at an average price of $9.97 per share, for a total transaction of $99,700.00. Following the purchase, the director now owns 44,841 shares of the company, valued at $447,064.77. The purchase was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. 6.80% of the shares are held by company insiders.

QuinStreet Institutional Commerce

A number of institutional investors and hedge funds have recently changed their holdings to QNST. Hsbc Holdings PLC acquired a new equity stake in QuinStreet in Q1 valued at approximately $173,000. Dynamic Technology Lab Private Ltd acquired a new stake in QuinStreet in the first quarter worth approximately $196,000. MetLife Investment Management LLC increased its stake in QuinStreet stock by 54.9% during the first quarter. MetLife Investment Management LLC now owns 28,152 shares of the technology company valued at $327,000 after buying 9,979 additional shares last quarter. BNP Paribas Arbitrage SA increased its position in QuinStreet shares by 22.5% during the first quarter. BNP Paribas Arbitrage SA now owns 28,309 shares of the technology company worth $328,000 after acquiring 5,207 additional shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in QuinStreet stock during the first quarter for a value of approximately $414,000. 91.02% of the shares are held by institutional investors.

QuinStreet Company Profile

(Get a rating)

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for clients in the United States and internationally. The Company provides online marketing services to its customers in the form of qualified clicks, leads, calls, applications or customers through its websites or third-party publishers.

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Earnings History for QuinStreet (NASDAQ:QNST)

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