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Quinstreet
(NASDAQ:QNST)
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Rating:72Outperform
Price Target:
$18.50
▼(-7.96% Downside)
Action:Reiterated
Date:09/23/26
Overall score reflects strong financial performance (profitability inflection, high free-cash-flow generation, and very low leverage) and a positive earnings outlook with margin expansion guidance. These are partially offset by weak current technical momentum (price below key moving averages with negative MACD) and concentration/execution risks noted on the earnings call, while valuation appears reasonable with a low P/E.
Positive Factors
Revenue and EBITDA growth
Management’s outlook indicates that growth is expected to continue beyond the latest strong year, while EBITDA is projected to rise faster than revenue. This combination suggests operating leverage and improving earnings quality may remain durable over the next several quarters.
Negative Factors
Thin gross margins
A relatively thin gross margin leaves less room to absorb increases in traffic acquisition costs or unfavorable mix shifts. Even with current EBITDA improvement, this structure can make profitability more variable and limit the durability of margin gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and EBITDA growth
Management’s outlook indicates that growth is expected to continue beyond the latest strong year, while EBITDA is projected to rise faster than revenue. This combination suggests operating leverage and improving earnings quality may remain durable over the next several quarters.
Read all positive factors
Quinstreet Key Performance Indicators (KPIs)
Any
Net Revenue by Geography
Breaks down Quinstreet's net revenue across countries or regions, revealing how dependent the company is on specific markets and where growth is coming from. Highlights concentration risk, exposure to local advertising cycles or regulation, and regional opportunities that can drive or constrain future top-line performance.
Breaks down Quinstreet's net revenue across countries or regions, revealing how dependent the company is on specific markets and where growth is coming from. Highlights concentration risk, exposure to local advertising cycles or regulation, and regional opportunities that can drive or constrain future top-line performance.
Data provided by:
The Fly
The FlyQuinstreet (QNST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$945.33M
Dividend YieldN/A
Average Volume (3M)963.49K
Price to Earnings (P/E)11.6
Beta (1Y)1.51
Revenue Growth18.29%
EPS Growth1634.10%
CountryUS
Employees1,074
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)1.42
Shares Outstanding57,223,392
10 Day Avg. Volume625,214
30 Day Avg. Volume963,491
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.59
Price to Sales (P/S)0.65
P/FCF Ratio6.57
Enterprise Value/Market Cap0.84
Enterprise Value/Revenue0.62
Enterprise Value/Gross Profit5.47
Enterprise Value/Ebitda13.63
Forecast
1Y Price Target
$23.00Price Target Upside14.43% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)1.59
Revenue Forecast (FY)$1.50B
Quinstreet Business Overview & Revenue Model
Company Description
QuinStreet, Inc. is a global digital performance marketing enterprise that specializes in helping clients acquire new customers. The company delivers various online marketing solutions, producing measurable results such as qualified web traffic, s...
How the Company Makes Money
QuinStreet primarily makes money by selling performance-based marketing outcomes to advertisers and service providers, rather than selling traditional fixed-price advertising. Its core revenue stream comes from generating and delivering consumer l...
Quinstreet Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call conveys a broadly positive tone: record quarterly and full-year revenue and strong adjusted EBITDA growth, significant multi-year acceleration, successful integrations (notably HomeBuddy), robust cash position, active M&A pipeline, and constructive FY27 guidance. Management also flagged typical early-year execution risk and incomplete integration/synergy capture, plus concentration in Financial Services and nascent monetization of emerging AI channels. On balance the company presented strong results and a confident outlook while acknowledging measured risks.Positive Updates
Record Quarterly Revenue Growth
Q4 revenue grew 43% year-over-year to $373.9 million, marking another record quarter and closing out a record fiscal year.
Negative Updates
Guidance & Execution Uncertainty Early in Fiscal Year
Management emphasized early-year risk adjustment for many growth initiatives and noted they are not counting on all initiatives to fully execute this year, introducing execution and timing uncertainty for upside beyond guidance.
Read all updates
Q4-2026 Updates
Positive
Negative
Record Quarterly Revenue Growth
Q4 revenue grew 43% year-over-year to $373.9 million, marking another record quarter and closing out a record fiscal year.
Read all positive updates
Company Guidance
QuinStreet's guidance called for fiscal Q1 2027 revenue of $370–$380 million (midpoint implying ~31% YoY growth) and adjusted EBITDA of $38–$40 million (midpoint implying ~90% YoY growth, a ~10.4% margin and ~320-basis-point margin expansion YoY at the midpoint). For full fiscal 2027 management expects revenue of $1.45–$1.55 billion (midpoint ≈16% YoY) and adjusted EBITDA of $150–$160 million (midpoint ≈38% YoY, ~10.3% margin and ~160-basis-point margin expansion YoY at the midpoint). For context, FY2026 revenue was $1.3 billion (18% YoY) with adjusted EBITDA of $112.5 million (8.7% margin, 130-bps expansion), Q4 revenue was $373.9 million (43% YoY) with Q4 adjusted EBITDA $41.4 million (11.1% margin, 270-bps expansion) and adjusted net income $29.0 million ($0.50/share); the company entered the quarter with $128 million cash, $22 million net debt, repurchased $14.6 million of stock in the quarter ($31.4 million for the year), and noted an addressable market of well over $100 billion per year while leaving open upside to its targets as the year progresses.Quinstreet Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
88
Very Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.29B | 1.09B | 613.51M | 580.62M | 582.10M |
| Gross Profit | 145.81M | 110.87M | 46.25M | 48.52M | 53.73M |
| EBITDA | 58.55M | 30.54M | -5.76M | -1.42M | 12.27M |
| Net Income | 81.23M | 4.71M | -31.33M | -68.87M | -5.25M |
Balance Sheet | |||||
| Total Assets | 721.30M | 431.11M | 368.55M | 337.15M | 419.91M |
| Cash, Cash Equivalents and Short-Term Investments | 128.31M | 101.08M | 50.49M | 73.68M | 96.44M |
| Total Debt | 74.91M | 10.20M | 10.97M | 4.58M | 3.86M |
| Total Liabilities | 398.21M | 187.06M | 151.72M | 107.35M | 133.91M |
| Stockholders Equity | 323.09M | 244.04M | 216.82M | 229.80M | 286.00M |
Cash Flow | |||||
| Free Cash Flow | 127.53M | 82.91M | 6.69M | -3.17M | 21.16M |
| Operating Cash Flow | 130.93M | 84.98M | 12.04M | 11.84M | 28.67M |
| Investing Cash Flow | -118.20M | -11.44M | -22.73M | -15.13M | -9.22M |
| Financing Cash Flow | 14.54M | -23.00M | -12.51M | -19.46M | -33.31M |
Quinstreet Technical Analysis
Positive
20.10
Price Trends
17.36
Negative
16.37
Positive
14.43
Positive
Market Momentum
-0.03
Negative
53.03
Neutral
71.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QNST, the sentiment is Positive. The current price of 20.1 is above the 20-day moving average (MA) of 15.64, above the 50-day MA of 17.36, and above the 200-day MA of 14.43, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 53.03 is Neutral, neither overbought nor oversold. The STOCH value of 71.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for QNST.
Quinstreet Risk Analysis
Quinstreet disclosed 44 risk factors in its most recent earnings report. Quinstreet reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Quinstreet Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $945.33M | 11.64 | 27.66% | ― | 18.29% | 1634.10% | |
70 Outperform | $729.08M | 7.37 | 9.20% | ― | -4.24% | -20.11% | |
63 Neutral | $505.73M | 38.11 | 2.77% | ― | 2.99% | -70.00% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | $57.20M | -10.24 | -18.24% | 17.73% | -7.47% | -16.48% | |
46 Neutral | $86.92M | -3.57 | -151.70% | ― | -12.05% | 43.57% | |
40 Underperform | $166.16K | -0.02 | 570.82% | ― | -15.24% | 61.99% |
* Communication Services Sector Average
QNST
Quinstreet
16.52
1.73
11.70%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.