Thrivent Financial for Lutherans Cuts QuinStreet, Inc. Shares (NASDAQ:QNST)

Thrivent Financial for Lutherans trimmed its position in shares of QuinStreet, Inc. (NASDAQ:QNST – Free Report) by 0.9% during the second quarter, HoldingsChannel reports. The firm owned 2,981,202 shares of the technology company’s stock after selling 27,206 shares during the period. Thrivent Financial for Lutherans owned about 0.05% of QuinStreet worth $49,458,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Basswood Capital Management LLC increased its position in QuinStreet by 20.6% during the fourth quarter. Basswood Capital Management LLC now owns 1,007,188 shares of the technology company’s stock valued at $12,912,000 after buying an additional 171,838 shares during the last quarter. Nomura Holdings Inc. raised its position in QuinStreet by 20.0% during the fourth quarter. Nomura Holdings Inc. now owns 360,543 shares of the technology company’s stock valued at $4,622,000 after purchasing an additional 60,142 shares in the last quarter. First Eagle Investment Management LLC grew its position in QuinStreet by 20.2% in the first quarter. First Eagle Investment Management LLC now owns 549,223 shares of the technology company’s stock valued at $9,699,000 after purchasing an additional 92,200 shares during the last quarter. Vanguard Group Inc. grew its position in QuinStreet by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock valued at $65,563,000 after acquiring an additional 48,705 shares during the last quarter. Finally, Divisadero Street Capital Management LP acquired a new stake in QuinStreet in the second quarter valued at about $6,499,000. Hedge funds and other institutional investors own 97.83% of the company’s shares.

QuinStreet price performance

NASDAQ QNST opened at $19.96 on Monday. The stock has a market cap of $1.10 billion, a PE ratio of -12.79 and a beta of 1.11. QuinStreet, Inc. has a 1 year low of $8.44 and a 1 year high of $20.50. The company’s 50-day moving average is $18.50 and its 200-day moving average is $17.54.

QuinStreet (NASDAQ:QNST – Get Your Free Report ) last posted its earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $198.32 million for the quarter, compared to analysts’ expectations of $186.39 million. QuinStreet had a negative return on equity of 13.00% and a negative net margin of 5.11%. QuinStreet’s quarterly revenue was up 52.2% on a year-over-year basis. During the same period last year, the company earned ($1.03) earnings per share. As a group, equities research analysts anticipate that QuinStreet, Inc. will post 0.08 earnings per share for the current year.

Changes in Analyst Ratings

A number of research firms have weighed in on QNST. StockNews.com upgraded QuinStreet from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. B. Riley boosted their price objective on QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and set a $22.00 price objective on shares of QuinStreet in a research note on Friday, August 9th. Finally, Craig Hallum boosted their price objective on QuinStreet from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.25, according to MarketBeat.com.

Read our latest review of QNST

QuinStreet Company Profile

(Free Report)

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

See Also

Want to see what other hedge funds own QNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for QuinStreet, Inc. (NASDAQ:QNST – Free Report).

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