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UPDATE: Credit Suisse Reiterates On QuinStreet Following 4QFY14 Results

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In a report published Wednesday, Credit Suisse analyst Stephen Ju reiterated an Underperform rating on QuinStreet (NASDAQ: QNST), but lowered the price target from $7.00 to $5.00.

In the report, Credit Suisse noted, “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.”

QuinStreet closed on Tuesday at $4.99.

Latest Ratings for QNST

DateFirmActionFromTo
Sep 2020Barrington ResearchUpgradesMarket PerformOutperform
Oct 2018William BlairInitiates Coverage OnOutperform
Jun 2018Craig-HallumInitiates Coverage OnBuy

View More Analyst Ratings for QNST
View the Latest Analyst Ratings

 

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Posted-In: Credit Suisse Stephen JuAnalyst Color Price Target Analyst Ratings

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