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

Thrivent Financial for Lutherans lowered its holdings in QuinStreet, Inc. (NASDAQ:QNST) by 9.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,687,648 shares of the technology company’s stock after selling 293,554 shares during the period. Thrivent Financial for Lutherans owned approximately 4.79% of QuinStreet worth $51,415,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of QNST. US Bancorp DE raised its position in QuinStreet by 880.3% in the 3rd quarter. US Bancorp DE now owns 1,392 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,250 shares during the last quarter. Quarry LP lifted its holdings in QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,266 shares in the last quarter. Victory Capital Management Inc. purchased a new position in QuinStreet in the 2nd quarter valued at about $175,000. ProShare Advisors LLC purchased a new position in QuinStreet in the 1st quarter valued at about $188,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of QuinStreet by 26.1% during the 2nd quarter. Hsbc Holdings PLC now owns 14,000 shares of the technology company’s stock worth $225,000 after acquiring an additional 2,895 shares during the period. Hedge funds and other institutional investors own 97.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on QNST. B. Riley increased their target price on shares of QuinStreet from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Stephens increased their price objective on shares of QuinStreet from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Barrington Research raised their price target on shares of QuinStreet from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Lake Street Capital raised their price objective on QuinStreet from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, StockNews.com cut QuinStreet from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Insider Transactions at QuinStreet

In other QuinStreet news, Director Matthew Glickman sold 30,000 shares of QuinStreet stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $22.63, for a total value of $678,900.00. Following the completion of the transaction, the director now directly owns 113,140 shares of the company’s stock, valued at $2,560,358.20. The trade was a 20.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is currently owned by corporate insiders.

QuinStreet Stock Up 1.2 %

QuinStreet stock opened at $20.56 on Tuesday. The business’s 50-day simple moving average is $19.75 and its 200 day simple moving average is $18.38. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -51.40 and a beta of 1.09. QuinStreet, Inc. has a 12-month low of $10.88 and a 12-month high of $26.27.

QuinStreet (NASDAQ:QNST) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The company had revenue of $279.22 million for the quarter, compared to analyst estimates of $222.68 million. During the same quarter last year, the firm posted ($0.19) earnings per share. QuinStreet’s revenue was up 125.3% compared to the same quarter last year. As a group, sell-side analysts expect that QuinStreet, Inc. will post 0.15 EPS for the current year.

QuinStreet 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.