Breaking News Instant updates and real-time market news.

QNST

QuinStreet

$10.14

-2.18 (-17.69%)

08:32
04/12/18
04/12
08:32
04/12/18
08:32

QuinStreet short report creates buying opportunity, says Barrington

Barrington analyst James Goss says the 20% pullback yesterday in shares of QuinStreet following a short report "sets up a substantial buying opportunity." The key figure in last night's Q3 preannouncement was revenue growth that "well exceeded" estimates heading into the quarter, Goss tells investors in a research note. He believes QuinStreet's full-year guidance appears "increasingly conservative." The analyst keeps an Outperform rating on the shares with a $15 price target.

QNST QuinStreet
$10.14

-2.18 (-17.69%)

11/28/17
BRRR
11/28/17
INITIATION
Target $12.5
BRRR
Outperform
QuinStreet initiated with an Outperform at Barrington
Barrington analyst James Goss started QuinStreet with an Outperform rating and $12.50 price target. The analyst sees the company's education sector growing now that regulatory pressures are easing.
04/11/18
SPHN
04/11/18
NO CHANGE
Target $11.5
SPHN
Overweight
QuinStreet short report repeats old claims, says Stephens
Stephens analyst John Campbell said Kerrisdale Capital's newly published short report about QuinStreet repeats many of the same items seen in past short reports. However, he believes the company is still growing nicely ex-large client gains and acquired revenue, "sharply" expanding margins and continues to be a takeout candidate. Campbell, who views today's weakness as "a great buying window," keeps an Overweight rating and $11.50 price target on QuinStreet shares.
04/12/18
SPHN
04/12/18
NO CHANGE
Target $13
SPHN
Overweight
Stephens more positive on QuinStreet after pre-announcement, rebuttal
Stephens analyst John Campbell noted that he'd already believed that yesterday's short report turbulence in QuinStreet was a buying opportunity, but following the company's pre-announcement of a "sizable" Q3 beat and its willingness to defend itself against what he sees as "meritless claims" he is incrementally more positive. Campbell, who said he would be a "strong" buyer of QuinStreet here, raised his price target on the stock to $13 from $11.50 and keeps an Overweight rating on the shares.

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.