The stock of QuinStreet Inc (NASDAQ:QNST) is a huge mover today! About 101,216 shares traded hands or 43.93% up from the average. QuinStreet Inc (NASDAQ:QNST) has risen 1.51% since April 8, 2016 and is uptrending. It has underperformed by 4.14% the S&P500.
The move comes after 6 months negative chart setup for the $143.28M company. It was reported on Nov, 10 by Barchart.com. We have $2.46 PT which if reached, will make NASDAQ:QNST worth $18.63M less.
Analysts await QuinStreet Inc (NASDAQ:QNST) to report earnings on November, 14.
According to Zacks Investment Research, “QuinStreet Inc, is a provider of online direct marketing and media services. The Company offers online messaging, email broadcasting, search engine marketing, and brand management services. It caters to education, financial services, healthcare, advertising, and tourism sectors. QuinStreet, Inc. also operates web portal which offers comprehensive consumer information service and companion insurance brokerage service to self-directed insurance shoppers. The Company vigilantly manages brand and regulatory compliance using proprietary technologies and staff. It does not support or use spyware, spam, or promotions that cheat customers. QuinStreet Inc. is headquartered in Foster City, California.”
Insitutional Activity: The institutional sentiment decreased to 0.87 in 2016 Q2. Its down 0.13, from 1 in 2016Q1. The ratio turned negative, as 5 funds sold all QuinStreet Inc shares owned while 33 reduced positions. 6 funds bought stakes while 27 increased positions. They now own 28.22 million shares or 2.01% less from 28.80 million shares in 2016Q1.
Ameriprise Financial has invested 0% of its portfolio in QuinStreet Inc (NASDAQ:QNST). Thrivent For Lutherans holds 0% of its portfolio in QuinStreet Inc (NASDAQ:QNST) for 17,280 shares. State Bank Of America Corp De last reported 0% of its portfolio in the stock. Axa holds 0% of its portfolio in QuinStreet Inc (NASDAQ:QNST) for 122,880 shares. State Street last reported 0% of its portfolio in the stock. Summit Gru has 23,461 shares for 0.04% of their US portfolio. Bank & Trust Of New York Mellon owns 356,694 shares or 0% of their US portfolio. Clarivest Asset Mngmt Limited Liability accumulated 121 shares or 0% of the stock. Board Of Trustees Of The Leland Stanford Junior University holds 0.03% or 58,824 shares in its portfolio. Art Advsrs Ltd, a New York-based fund reported 13,330 shares. Needham Mgmt Limited Liability Corporation owns 349,016 shares or 0.34% of their US portfolio. Thompson Davis Comm last reported 79,513 shares in the company. Vanguard Group has 0% invested in the company for 1.30M shares. Arizona State Retirement Systems accumulated 18,590 shares or 0% of the stock. Wells Fargo Communication Mn owns 6,844 shares or 0% of their US portfolio.
Insider Transactions: Since August 24, 2016, the stock had 0 insider buys, and 1 sale for $56,107 net activity. On Wednesday, August 24 Collins Martin J sold $56,107 worth of the stock or 17,983 shares.
Another recent and important QuinStreet Inc (NASDAQ:QNST) news was published by Streetinsider.com which published an article titled: “Quinstreet, Inc (QNST) Misses Q1 EPS by 3c; Will Implement Corp. Restructuring” on November 09, 2016.
QNST Company Profile
QuinStreet, Inc., incorporated on October 23, 2009, is an online performance marketing company. The Firm is focused on serving clients in information-intensive industry verticals media, and offerings help visitors to make informed choices and find the products that match their needs. The Company’s divisions include Direct Marketing Services (DMS) and All Other. The Firm is also focused on developing and delivering measurable marketing results in the search engine ecosystem. It owns or partners with vertical content Websites. It also acquires targeted visitors for its Websites through the purchase of pay-per-click (PPC), advertisements on search engines. It manufactures Websites with content and offerings, and sells by matching visitors with offerings and converting them into customer prospects for its clients.
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