QuinStreet, Inc. (QNST) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. trimmed its stake in QuinStreet, Inc. (NASDAQ:QNST) by 27.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,123 shares of the technology company’s stock after selling 49,537 shares during the period. Goldman Sachs Group Inc. owned approximately 0.29% of QuinStreet worth $543,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Voya Investment Management LLC increased its position in shares of 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 purchasing an additional 5,278 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of QuinStreet by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 848,346 shares of the technology company’s stock worth $3,538,000 after purchasing an additional 65,036 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of QuinStreet by 57.4% in the second quarter. Parametric Portfolio Associates LLC now owns 60,891 shares of the technology company’s stock worth $254,000 after purchasing an additional 22,212 shares during the last quarter. Vanguard Group Inc. increased its position in shares of QuinStreet by 22.3% in the second quarter. Vanguard Group Inc. now owns 1,623,130 shares of the technology company’s stock worth $6,768,000 after purchasing an additional 296,222 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of QuinStreet by 10.6% in the second quarter. Northern Trust Corp now owns 424,285 shares of the technology company’s stock worth $1,769,000 after purchasing an additional 40,747 shares during the last quarter. Institutional investors own 62.46% of the company’s stock.

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QuinStreet, Inc. (NASDAQ QNST) opened at $8.85 on Monday. The firm has a market cap of $404.57, a P/E ratio of 295.00 and a beta of 1.04. QuinStreet, Inc. has a 52-week low of $2.61 and a 52-week high of $9.38.

QuinStreet (NASDAQ:QNST) last posted its quarterly earnings data on Monday, October 30th. The technology company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. The company had revenue of $87.40 million for the quarter, compared to analysts’ expectations of $79.90 million. QuinStreet had a negative net margin of 2.29% and a positive return on equity of 1.06%. QuinStreet’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share. equities analysts forecast that QuinStreet, Inc. will post 0.1 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

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