QuinStreet price target raised to $12 from $11 at Lake Street

Lake Street analyst Eric Martinuzzi raised the firm’s price target on QuinStreet to $12 from $11 and keeps a Hold rating on the shares. The company is seeing the return of auto insurer spending as of January, but “it is still in the early innings,” the analyst tells investors in a post-earnings note. While it is positive to see the return of auto insurer spending, the guidance midpoint for Q3 revenue of $165M was well below the $185M consensus, which implies an even steeper sequential ramp in Q4 to reach the midpoint of the full year guidance, the analyst added.