QuinStreet initiated with an Outperform at Northland

Northland analyst Mike Grondahl initiated coverage of QuinStreet (QNST) with an Outperform rating and $17 price target The firm argues that QuinStreet offers a differentiated, performance-based marketing model that delivers measurable customer acquisition outcomes in some of the highestvalue digital advertising verticals, adding that the company monetizes consumers across multiple partner websites and a portfolio of owned and operated websites with overlapping vertical focus.