Thrivent Financial for Lutherans Lowers Stock Holdings in QuinStreet, Inc. (NASDAQ:QNST)

Thrivent Financial for Lutherans decreased its position in shares of QuinStreet, Inc. (NASDAQ:QNST) 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 approximately 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 L.L.C. raised its position in QuinStreet by 20.6% during the fourth quarter. Basswood Capital Management L.L.C. now owns 1,007,188 shares of the technology company’s stock valued at $12,912,000 after purchasing an additional 171,838 shares in 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 raised its position in QuinStreet by 20.2% during 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 in the last quarter. Vanguard Group Inc. raised its position in QuinStreet by 1.3% during the first quarter. Vanguard Group Inc. now owns 3,712,518 shares of the technology company’s stock valued at $65,563,000 after purchasing an additional 48,705 shares in the last quarter. Finally, Divisadero Street Capital Management LP purchased a new stake in QuinStreet during the second quarter valued at about $6,499,000. Hedge funds and other institutional investors own 97.83% of the company’s stock.

QuinStreet Price Performance

NASDAQ QNST opened at $19.96 on Monday. The stock has a market capitalization 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 business’s 50-day moving average is $18.50 and its 200 day moving average is $17.54.

QuinStreet (NASDAQ:QNST) 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 firm 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.

Analyst Ratings Changes

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 raised 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 raised 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.25.

QuinStreet Company Profile

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