Everence Capital Management Inc. Makes New $303,000 Investment in QuinStreet, Inc. (NASDAQ:QNST)

Everence Capital Management Inc. bought a new stake in shares of QuinStreet, Inc. (NASDAQ:QNST) in the 3rd quarter, Holdings Channel reports. The firm bought 15,860 shares of the technology company’s stock, valued at approximately $303,000.

Other large investors have also recently made changes to their positions in the company. First Eagle Investment Management LLC lifted its holdings in shares of 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 during the last quarter. Divisadero Street Capital Management LP purchased a new position in shares of QuinStreet during the second quarter valued at approximately $6,499,000. Vanguard Group Inc. lifted its holdings in shares of 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 during the last quarter. Driehaus Capital Management LLC lifted its holdings in shares of QuinStreet by 17.6% during the second quarter. Driehaus Capital Management LLC now owns 1,509,937 shares of the technology company’s stock valued at $25,050,000 after purchasing an additional 225,720 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of QuinStreet by 27.5% during the second quarter. American Century Companies Inc. now owns 2,035,127 shares of the technology company’s stock valued at $33,763,000 after purchasing an additional 438,947 shares during the last quarter. 97.83% of the stock is currently owned by hedge funds and other institutional investors.

QuinStreet Trading Down 1.6 %

NASDAQ:QNST opened at $18.90 on Tuesday. QuinStreet, Inc. has a 12 month low of $9.89 and a 12 month high of $20.91. The company has a market cap of $1.04 billion, a PE ratio of -12.12 and a beta of 1.11. The company has a 50 day simple moving average of $18.82 and a two-hundred day simple moving average of $17.92.

QuinStreet (NASDAQ:QNST) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. QuinStreet had a negative net margin of 5.11% and a negative return on equity of 13.00%. The firm had revenue of $198.32 million during the quarter, compared to the consensus estimate of $186.39 million. During the same quarter in the previous year, the firm posted ($1.03) EPS. The company’s revenue for the quarter was up 52.2% compared to the same quarter last year. Research analysts forecast that QuinStreet, Inc. will post 0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on QNST shares. StockNews.com raised shares of QuinStreet from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. B. Riley raised their price target on shares of QuinStreet from $21.50 to $24.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Barrington Research reissued an “outperform” rating and set a $22.00 price target on shares of QuinStreet in a research report on Friday, August 9th. Finally, Craig Hallum raised their price target on shares of QuinStreet from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.25.

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.