The Benchmark Company Analysts Begin Coverage on Quinstreet Incorporated (QNST)
Thursday, June 23, 2021 8:20 AM



Equities research analysts at The Benchmark Company initiated coverage on shares of Quinstreet Incorporated (NASDAQ: QNST) in a research note to investors on Thursday. The analysts set a "hold" rating and a $13.00 price target on the stock.

Separately, analysts at Zacks Investment Research downgraded shares of Quinstreet Incorporated from a "neutral" rating to an "underperform" rating in a research note to investors on Wednesday, June 8th. Also, analysts at Bank of America Merrill Lynch downgraded shares of Quinstreet Incorporated from a "buy" rating to a "neutral" rating in a research note to investors on Wednesday, June 8th.

Shares of Quinstreet Incorporated opened at 12.18 on Friday. Quinstreet Incorporated has a 52 week low of $9.79 and a 52 week high of $24.91. The stock's 50-day moving average is $14.55 and its 200-day moving average is $19.77. The company has a market cap of $571.6 million and a price-to-earnings ratio of 21.95.

Quinstreet Incorporated last announced its quarterly results on Thursday, May 5th. The company reported $0.25 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $0.25 EPS. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 18.60% on a year-over-year basis. On average, analysts predict that Quinstreet Incorporated will post $0.23 EPS next quarter.

QuinStreet, Inc. (QuinStreet) is engaged in vertical marketing and media on the Internet. The Company operates in two segments: Direct Marketing Services (DMS) and Direct Selling Services (DSS). The DMS segment derives substantially all of its revenue from fees earned through the delivery of qualified leads or paid clicks. The DSS segment derives substantially all of its revenue from sale of direct selling services through a hosted solution. DSS revenue comprises set-up and professional services fees and usage fees. On September 14, 2009, the Company acquired 100% of HSH Associates Financial Publishers (HSH), an online marketing business. In November 2009, QuinStreet acquired the Website business Internet.com, a division of WebMediaBrands, Inc., or Internet.com, an Internet media company. Also, in July 2010, the Company acquired the Website business Insurance.com from Insurance.com Group, Inc., or Insurance.com, an Ohio-based online insurance business.

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