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QNST $18.62

QNST target price
18.62
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QuinStreet, Inc.
Type
Public
Traded as NASDAQ: QNST
S&P 600 Component
Industry Performance marketing, media online
Founded 1999
Headquarters Foster City, California, USA
Key people
Doug Valenti, Founder & CEO; Nina Bhanap, President and CTO
Revenue $297.7 million (FY2016)
Number of employees
601 (2016)
Website quinstreet.com

QuinStreet, Inc. is a publicly traded marketing company based in Foster City, California. QuinStreet uses performance-based advertising with search engine marketing strategies to promote clients over the Internet. QuinStreet was founded in 1999, and has launched or acquired dozens of websites and other media properties.

The company was investigated in 2012 by 20 U.S. states for using deceptive marketing tactics to promote for profit schools to U.S. veterans. QuinStreet agreed to pay $2.5 million and made several changes to its practices to end the investigation.

QuinStreet was formed in 1999 by Doug Valenti (chairman and CEO). Bronwyn Syiek, another founding team member, was president and COO. The company was first profitable in 2002 with revenues of $13 million; by April 2009, QuinStreet reported $300 million in annual revenues and approximately 450 employees.

In February 2015, Nielsen NetRatings named QuinStreet the eighth top advertiser, after Education Dynamics, USA & StudentsLeads, India spending $9.4 million on 1.9 billion ads viewed.

QuinStreet Inc. acquired U.S. Citizens for Fair Credit Card Terms, Inc, which operated the CardRatings.com website in August 2008 for an initial cash payment of $10.4 million.

In the beginning of August 2009, QuinStreet Inc. used some of its cash reserves to acquire the Internet.com division of WebMediaBrands Inc. for $18 million. Among the sites that QuinStreet Inc gaines with the acquisition of Internet.com are InternetNews.com, Datamation.com, ServerWatch, Webopedia.com, ServerWatch.com, EnterpriseNetworkingPlanet, SmallBusinessComputing.com, LinuxPlanet.com and Developer.com.

In September 2009, QuinStreet purchased Insure.com for $16 million. The company's other financial-services properties include MoneyRates.com, Get Rich Slowly, ConsumerismCommentary.com and HSH.com.

An initial public offering on February 11, 2010, raised $150 million, with the shares listed on Nasdaq under the symbol QNST.

In India, QuinStreet operates IndiaEducation.net, IndiaEduNews.net, and ExamResults.net, which it acquired in 2011 by incorporating QuinStreet India Marketing And Media Private Limited (QSIMM.)

In September 2011, QuinStreet acquired the IT Business Edge (ITBE) network of web publications

In February 2012, the company acquired the media assets of Ziff Davis "Enterprise", which included eWeek.com, CIOInsight.com, Baseline.com, ChannelInsider.com and WebBuyersGuide.com, and others.

For its second quarter of fiscal 2013, the Company reported total revenue of $71.8 million. Adjusted EBITDA was $11.2 million, or 16% of revenue. For its fiscal 2016, QuinStreet reported total revenue of $297.7 million Quinstreet reported first quarter fiscal 2017 revenue of $73.4 million with an EPS of $0.01, missing analyst targets.

In June 2012, the company was under investigation by the Attorneys General's offices of 15 separate US states, led by the Attorney General of Kentucky, Jack Conway. The company was accused of targeting military veterans with deceptive recruiting practices for its for-profit school clients. QuinStreet denied wrongdoing and no determination of guilt was made. The company cooperated with the attorneys general and entered into a voluntary agreement to update its websites to ensure clarity around schools advertising. In addition, the company agreed to pay $2.5 million to the states involved as part of a consumer protection settlement with what had expanded to 20 state Attorneys General, and turn over the website GIBill.com to the United States Department of Veterans Affairs to settle the civil investigation.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2021 2021-08-03 Future report Set alerts
Q3 2021 2021-05-05 0.20 0.20
Q2 2021 2021-02-03 0.13 0.13
Q1 2021 2020-10-28 0.16 0.27
Q4 2020 2020-08-05 0.14 0.03
Q3 2020 2020-05-06 0.13 0.26
Q2 2020 2020-02-05 0.12 0.03
Q1 2020 2019-11-07 0.12 0.02
Q4 2019 2019-08-08 0.15 0.06
Q3 2019 2019-05-09 0.06 0.02

Ratings

2016-05-02 Upgrade Stephens Equal Weight to Overweight
2015-05-12 Reiterated Rating Credit Suisse Underperform $4.00
2015-05-12 Reiterated Rating Credit Suisse Group AG Underperform $4.00
2014-10-31 Reiterated Rating Credit Suisse Underperform $5.00 to $4.00
2014-08-13 Reiterated Rating Credit Suisse Underperform $7.00 to $5.00
2014-02-05 Lower Price Target JPMorgan Chase & Co. $8.00 to $7.00
2013-11-06 Boost Price Target Credit Suisse Underperform $7.00 to $8.00
2012-05-01 Reiterated The Benchmark Company Hold $11 to $9
2011-06-23 Initiated The Benchmark Company Hold $13
2010-11-18 Initiated UBS Buy $22
2010-03-23 Initiated JP Morgan Overweight
1970-01-01
2016-05-02 Upgrade Stephens Equal Weight to Overweight
2015-05-12 Reiterated Rating Credit Suisse Underperform $4.00
2015-05-12 Reiterated Rating Credit Suisse Group AG Underperform $4.00
2014-10-31 Reiterated Rating Credit Suisse Underperform $5.00 to $4.00
2014-08-13 Reiterated Rating Credit Suisse Underperform $7.00 to $5.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Valenti Douglas Chief Executive Officer 8.92%  (3908179) QNST /
Solomon Glenn 6.32%  (2766975) QNST /
Simons James R. 4.89%  (2144428) QNST /
Bhanap Nina Chief Technology Officer 0.75%  (329832) QNST /
Mackley Scott Executive Vice President 0.69%  (301131) QNST /
HAHN KENNETH R Chief Financial Officer 0.60%  (262980) QNST /
Wong Gregory Principal Accounting Officer 0.54%  (236446) QNST /
Brooks Peter Senior Vice President 0.36%  (155683) QNST /
Syiek Bronwyn President & COO 0.26%  (113256) QNST /
Collins Martin J SVP & General Counsel 0.25%  (110708) QNST /
JOSEPHS ROBIN 0.21%  (92671) MFA / PCL / QNST / STAR /
Sennett Marjorie T. 0.19%  (82671) QNST /
Stalder Dana 0.18%  (80000) QNST / ZEN /
SANDS GREGORY P 0.18%  (77671) CORT / CRDC / QNST / THLD /
Huizinga Stuart 0.17%  (72671) EHTH / QNST /
BRADLEY WILLIAM W 0.15%  (64000) QNST / SBUX /
PAULDINE DAVID J 0.13%  (55171) DV / QNST /
Glickman Matthew 0.07%  (28888) QNST /
SHEEHAN ANDREW T 0.07%  (28888) CORT / CRDC / MATR / QNST / THLD /
MCDONALD JOHN G 0.05%  (21000) PCL / QNST / SCHL / STAR /
Siegel Kenneth M General Counsel 0.03%  (12500) CYNI / NUAN / QNST /