QuinStreet: Take Profits Now As Capital Structure Deteriorates Amid High Valuation (Rating Downgrade) [Seeking Alpha]
QuinStreet, Inc. (QNST)
Last quinstreet, inc. earnings: 2/5 04:15 pm
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US:NASDAQ Investor Relations:
investor.quinstreet.com/company-overview
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Source: Seeking Alpha
QuinStreet shares have surged 98% since my initial recommendation, but I now advise taking profits due to deteriorating capital structure and high valuation. Revenue rose 5.7%, but gross profit fell 4.7% and operating income dropped 35%, indicating financial performance concerns. The capital structure has weakened, with cash dropping 31.5% and liabilities increasing 41%, making the stock riskier. The market's high growth expectations for QNST are unrealistic; prudence suggests selling now to lock in gains. SlavkoSereda/iStock via Getty Images QuinStreet Overview It's been just under 13 months since I finally put global rumours to bed and announced to the world that I was buying QuinStreet, Inc. ( NASDAQ: QNST ). I'm sure you remember where you were when you heard the news. The shares are up about 98% since then, against a gain of about 24% for the S&P 500. Anyway, I thought I'd review the name yet again to see if it's worthwhile continuing to hold the shares. After all, a
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QNST
News
- QuinStreet, Inc. (NASDAQ: QNST) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- QuinStreet, Inc. (NASDAQ:QNST) Shares Could Be 41% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- QuinStreet to Participate at B. Riley Consumer and TMT ConferenceBusiness Wire
- QuinStreet, Inc. (NASDAQ: QNST) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Analysts Expect QuinStreet, Inc. (NASDAQ:QNST) To Breakeven Soon [Yahoo! Finance]Yahoo! Finance
QNST
Earnings
- 8/8/24 - Beat
QNST
Sec Filings
- 9/20/24 - Form DEFA14A
- 9/20/24 - Form DEF
- 9/16/24 - Form 4
- QNST's page on the SEC website