Thrivent Financial for Lutherans Decreases Stake in QuinStreet, Inc. (NASDAQ:QNST)

Thrivent Financial for Lutherans decreased its stake in shares of QuinStreet, Inc. (NASDAQ:QNST - Free Report) by 9.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of QNST. ProShare Advisors LLC bought a new stake in shares of QuinStreet during the 1st quarter valued at about $188,000. Vanguard Group Inc. boosted its stake in shares of QuinStreet by 1.3% during the 1st 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. PEAK6 Investments LLC boosted its stake in shares of QuinStreet by 3.4% during the 1st quarter. PEAK6 Investments LLC now owns 25,680 shares of the technology company's stock valued at $454,000 after purchasing an additional 843 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in QuinStreet by 12.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,188 shares of the technology company's stock valued at $269,000 after acquiring an additional 1,694 shares during the period. Finally, Janus Henderson Group PLC lifted its position in QuinStreet by 95.2% during the 1st quarter. Janus Henderson Group PLC now owns 44,086 shares of the technology company's stock valued at $778,000 after acquiring an additional 21,502 shares during the period. Institutional investors own 97.83% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Matthew Glickman sold 30,000 shares of QuinStreet stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the sale, the director now owns 113,140 shares in the company, valued at $2,560,358.20. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.00% of the company's stock.

QuinStreet Trading Up 2.6 %

QNST stock traded up $0.53 on Tuesday, hitting $21.09. The company had a trading volume of 179,397 shares, compared to its average volume of 413,245. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -51.40 and a beta of 1.09. The stock's 50-day simple moving average is $19.76 and its 200 day simple moving average is $18.39. QuinStreet, Inc. has a 12-month low of $10.88 and a 12-month high of $26.27.

QuinStreet (NASDAQ:QNST - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.07. The firm had revenue of $279.22 million for the quarter, compared to analysts' expectations of $222.68 million. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The company's revenue was up 125.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.19) EPS. Research analysts forecast that QuinStreet, Inc. will post 0.15 earnings per share for the current year.

About QuinStreet

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.