Revenue Update on QuinStreet Inc(NASDAQ:QNST)

QuinStreet Inc(NASDAQ:QNST) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $79.11M. Analysts estimated a revenue of $82.41M. Earnings per share were $0.02. Analysts had estimated an EPS of $0.06.

QuinStreet Inc (QNST) shares turned negative on Wednesdays trading session with the shares closing down -0.06 points or -1.78% at a volume of 37,429. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.49. The peak price level was also seen at $3.49 while the days lowest was $3.2101. Finally the shares closed at $3.31. The 52-week high of the shares is $6.46 while the 52-week low is $2.65. According to the latest information available, the market cap of the company is $150 M.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2016, John G Mcdonald (director) purchased 5,000 shares at $2.97 per share price.Also, On Feb 11, 2016, Douglas Valenti (CEO) purchased 15,750 shares at $2.99 per share price.

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. Client verticals within its DMS business are education and financial services. The Company’s primary client verticals are the education and financial services industries. It has presence in the business-to-business technology home services and medical industries. The Company delivers marketing results to its clients in the form of a qualified lead or inquiry in the form of a qualified click or call.

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