QuinStreet Given Underperform Rating at Credit Suisse (QNST)
QuinStreet (NASDAQ:QNST)‘s stock had its “underperform” rating reiterated by Credit Suisse in a research note issued on Wednesday. They currently have a $5.00 target price on the stock, down from their previous target price of $7.00. Credit Suisse’s target price would suggest a potential downside of 1.38% from the stock’s previous close.
The analysts wrote, “QNST reported in-line 4QFY14 results with revenue/adj. EBITDA/EPS of $67.6mm/$1.8mm/$0.01 vs. our $66.9mm/$4.6mm/$0.05 as a result of continued weakness in its core Education vertical. We maintain our Underperform rating and lower our end-of-2014 target to $5 from $7 prior as we lower our FY15 adj. EBITDA estimate to reflect continued investments in auto insurance, offset by a higher revenue growth trajectory.”
Shares of QuinStreet (NASDAQ:QNST) opened at 4.99 on Wednesday. QuinStreet has a 52 week low of $4.82 and a 52 week high of $9.62. The stock has a 50-day moving average of $5.29 and a 200-day moving average of $6.03. The company’s market cap is $218.6 million.
QuinStreet (NASDAQ:QNST) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.04. The company had revenue of $67.60 million for the quarter, compared to the consensus estimate of $68.50 million. Analysts expect that QuinStreet will post $0.33 EPS for the current fiscal year.
QuinStreet, Inc (NASDAQ:QNST) is engaged in vertical marketing and media on the Internet.
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