QuinStreet price target raised to $14 from $10 at Craig-Hallum

Craig-Hallum raised the firm’s price target on QuinStreet (QNST) to $14 from $10 and keeps a Hold rating on the shares. The firm says its confidence is building in a near-term inflection in marketing spend by auto insurance carriers, and the indications of an inflection in marketing spend are also driving more enthusiasm for QuinStreet. That said, Craig-Hallum believes expectations are high, and comparisons for the current quarter are challenging. If the marketing floodgates open, QuinStreet may be able to drive modest positive revisions and thus strong stock performance, but the firm continues to prefer shares of EverQuote (EVER).