Quinstreet Stock Price, News & Analysis

QuinStreet (Nasdaq: QNST) reported preliminary financial results for Q1 fiscal 2021, expecting total revenue over $138 million, exceeding prior estimates of $125 million to $130 million. The company anticipates GAAP net income to be at least 10% of revenue and adjusted EBITDA margin around 9%, up from mid-single digits. Highlights include over $100 million in cash at quarter-end and significant year-over-year growth in Auto Insurance revenues of 55%. The quarterly results will be finalized on October 28.

On October 7, 2020, CardRatings.com announced a significant redesign of its homepage, marking its first major update in five years. This overhaul aims to enhance user experience by providing intuitive features and improved functionality for consumers seeking credit card information. The redesign addresses the increasing demand for accessible financial resources amid pandemic-induced challenges. Additionally, CardRatings plans to launch a bimonthly e-newsletter, delivering timely updates on credit card offers and strategies to maximize rewards, reinforcing its commitment to consumer empowerment.

FOSTER CITY, Calif., Sept. 30, 2020 /PRNewswire/ -- According to Insure.com's latest health reform survey, 26% of Americans prefer "Medicare for all" as their top health care option. The survey, conducted with 1,500 participants, shows support for maintaining the current system has increased to 22%, while 20% favor improving the Affordable Care Act (ACA). Only 14% wish to repeal the ACA. Notably, 11% of respondents indicated the COVID-19 crisis influenced their views on Medicare for all. Insure.com has been tracking these preferences quarterly since fall 2019.

MyBankTracker.com has expanded into the insurance market by launching new verticals in auto, homeowners, health, and life insurance. This strategic growth, part of its initiative to aid consumers impacted by the financial strains of the coronavirus pandemic and natural disasters, aims to simplify the insurance shopping experience. The platform also intends to introduce an investing hub to empower users in making informed financial decisions, reflecting its commitment to improving consumer banking experiences during challenging economic times.

QuinStreet (Nasdaq: QNST) has partnered with NerdWallet to power its auto insurance marketplace. This collaboration enhances consumer shopping experiences by leveraging QuinStreet's extensive network of over 65 insurance carriers and 6,000 agents. With a decade of expertise in digital auto insurance, QuinStreet connects nearly 30 million consumers annually. The companies aim to provide a customized shopping solution that simplifies the process for NerdWallet's audience, potentially increasing revenue significantly for NerdWallet's insurance segment.

CarInsurance.com has released its annual analysis of auto liability insurance costs across the U.S., revealing an average rate of $547 per year or $48 per month. The report ranks states by their insurance costs, with Michigan leading at $1,855 annually, while South Dakota has the lowest rate at $323. Factors influencing rates include state laws, urbanization, and claim volumes. Experts recommend a minimum bodily injury liability of $100,000 per person and $300,000 per accident.