Gotham Asset Management LLC Has $1.24 Million Holdings in QuinStreet Inc (NASDAQ:QNST)

Gotham Asset Management LLC trimmed its holdings in QuinStreet Inc (NASDAQ:QNST) by 18.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 76,544 shares of the technology company’s stock after selling 17,652 shares during the quarter. Gotham Asset Management LLC owned 0.15% of QuinStreet worth $1,242,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Huntington National Bank bought a new position in shares of QuinStreet in the 4th quarter worth approximately $34,000. Bruderman Asset Management LLC purchased a new stake in QuinStreet in the 4th quarter worth approximately $41,000. Private Capital Group LLC purchased a new stake in QuinStreet in the 4th quarter worth approximately $46,000. Parisi Gray Wealth Management purchased a new stake in QuinStreet in the 4th quarter worth approximately $47,000. Finally, Flinton Capital Management LLC purchased a new stake in QuinStreet in the 4th quarter worth approximately $64,000. 92.35% of the stock is currently owned by institutional investors and hedge funds.

QNST traded down $0.01 during trading on Friday, reaching $13.19. The company had a trading volume of 372,521 shares, compared to its average volume of 505,332. The company has a market cap of $656.95 million, a PE ratio of 41.22, a P/E/G ratio of 1.19 and a beta of 0.75. QuinStreet Inc has a 52 week low of $10.70 and a 52 week high of $20.02.

QuinStreet (NASDAQ:QNST) last posted its earnings results on Thursday, February 7th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. QuinStreet had a return on equity of 13.16% and a net margin of 15.83%. The company had revenue of $104.10 million for the quarter, compared to analyst estimates of $103.43 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, sell-side analysts anticipate that QuinStreet Inc will post 0.44 EPS for the current year.

In other news, CEO Douglas Valenti sold 32,500 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $13.06, for a total transaction of $424,450.00. Following the sale, the chief executive officer now owns 251,250 shares in the company, valued at $3,281,325. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.50% of the stock is currently owned by insiders.

A number of equities research analysts have issued reports on QNST shares. Zacks Investment Research lowered shares of QuinStreet from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. ValuEngine raised shares of QuinStreet from a “hold” rating to a “buy” rating in a report on Monday, February 4th. BidaskClub lowered shares of QuinStreet from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 7th. Finally, Singular Research reissued a “buy” rating on shares of QuinStreet in a report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.79.

WARNING: “Gotham Asset Management LLC Has $1.24 Million Holdings in QuinStreet Inc (NASDAQ:QNST)” was first posted by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.baseballdailydigest.com/news/2019/04/21/gotham-asset-management-llc-sells-17652-shares-of-quinstreet-inc-qnst.html.

QuinStreet Company Profile

QuinStreet, Inc, an Internet performance marketing company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

Featured Article: What are defining characteristics of a correction?

Institutional Ownership by Quarter for QuinStreet (NASDAQ:QNST)

Receive News & Ratings for QuinStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuinStreet and related companies with MarketBeat.com's FREE daily email newsletter.