QuinStreet resumed with a Buy at B. Riley

B. Riley resumed coverage of QuinStreet with a Buy rating and $21.50 price target. Despite substantial revenue headwinds in the auto insurance sector over the past two-plus years as insurance carriers struggled to consistently achieve profitability targets, QuinStreet was able to hold revenue steady, the analyst tells investors. With calendar year 2024 shaping up to be a year of renewed marketing spending for many auto insurance carriers, the firm believes QuinStreet appears poised to “fire on all cylinders” and projects growth from all three major verticals.