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QuinStreet (QNST) Stock News, Apr-May 2021

QNST NASDAQ

QuinStreet, Inc. reports company developments tied to its performance marketplaces and technologies for the financial services and home services industries. The company’s updates center on digital media and online marketplace solutions that connect consumer search activity with brands and clients through measurable inquiries such as clicks, leads, calls, applications, and customers.

Recurring news themes include quarterly operating results, auto insurance marketplace demand, Home Services growth, AI optimization across media and performance marketing, and integration activity following the completed HomeBuddy acquisition into Modernize Home Services. Company announcements also cover capital actions such as credit facilities, investor conference participation, and management commentary on marketplace activity and margin performance.

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MyBankTracker.com offers tips for selecting the ideal credit card as summer travel approaches, focusing on maximizing rewards based on individual spending habits. Key advice includes:

  • Review past travel expenses to identify suitable credit cards.
  • Consider future travels to determine card benefits.
  • Evaluate annual fees against potential perks.
  • Understand the value of rewards redemption options.

Simon Zhen emphasizes that picking the right card involves matching it to personal financial behaviors to optimize rewards.

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QuinStreet, Inc. (Nasdaq: QNST) has announced its participation in the Barrington Research Virtual Spring Investment Conference on May 27, 2021. During this conference, management will discuss the company's performance momentum, market opportunities, and business model with investors. QuinStreet is recognized for its innovative online marketplace solutions, focusing on financial and home services industries, aiming to connect consumers with brands effectively.

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Modernize.com, a leader in home improvement, shares valuable insights for franchisors on building strong franchisee relationships in their latest Built Better podcast. Key recommendations from COO Mark Dawson include creating a franchise leadership team, providing education for new franchisees, and encouraging open communication. Additionally, promoting honesty, adopting a servant leadership approach, and facilitating franchisee networking are emphasized as essential strategies. Modernize operates across various home service segments and is a subsidiary of QuinStreet (Nasdaq: QNST).

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According to Insure.com's 2021 report, Louisiana has become the most expensive state for car insurance, surpassing Michigan after seven years. The average premium in Louisiana is now $2,839, 99% more than the national average, with a significant 19% increase over the past year. Factors such as uninsured drivers (11.7%) and easy lawsuits contribute to this rise. The report ranks Michigan, Florida, California, and Missouri among the highest, while Maine and New Hampshire are noted for the lowest insurance costs.

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QuinStreet, a leader in performance marketplaces for financial and home services, will participate in key virtual investor events. The company is set to attend the 16th Annual Needham Virtual Technology & Media Conference on May 19, 2021, followed by investor meetings with Singular Research on May 20, 2021. Management aims to discuss its performance momentum, market opportunities, and business model with investors. QuinStreet continues to innovate in digital media solutions, helping consumers find products that best meet their needs.

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QuinStreet, Inc. (Nasdaq: QNST) reported fiscal Q3 results for the period ended March 31, 2021, revealing revenue of $153.1 million, a 39% year-over-year increase excluding divested businesses. GAAP net income stood at $5.0 million or $0.09 per diluted share, while adjusted net income was $10.9 million or $0.20 per diluted share. The company achieved adjusted EBITDA of $15.4 million, up 65% year-over-year. For fiscal Q4, QuinStreet expects revenue between $140 million and $145 million, maintaining strong growth momentum.

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MyBankTracker highlights four financial gifts ideal for college graduates aiming for a stable future. These gifts include:

  • Contributing to a starter emergency fund to cope with unexpected expenses.
  • Setting up a CD ladder for long-term savings.
  • Initiating a Roth IRA for tax-free retirement savings.
  • Gifting individual stocks or mutual funds to educate on investing.
These options can help graduates manage student debt and build wealth effectively as they enter the workforce.

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Insurance.com has launched a comprehensive guide for first-time home insurance buyers, addressing common challenges they face. The guide clarifies essential home insurance components like personal property valuation and dwelling coverage, which 21.5% and 17.4% of surveyed homeowners found most confusing, respectively. The resource also provides strategies for estimating home replacement costs and selecting appropriate deductibles. Michelle Megna emphasizes the importance of thorough research before securing coverage to protect a homeowner's investments. Insurance.com is a QuinStreet subsidiary, which operates in the digital marketplace for financial services.

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FAQ

What is the current stock price of QuinStreet (QNST)?

QuinStreet (QNST) last closed at $20.32.

What is the market cap of QuinStreet (QNST)?

The market cap of QuinStreet (QNST) is approximately $1.2B.