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.
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.
QuinStreet, based in Foster City, California, announced its participation in virtual investor meetings scheduled for September 14, 2020, September 16, 2020, and September 17, 2020. These meetings include non-deal roadshows with Craig Hallum Capital Group and Barrington Research Associates, along with the Lake Street Capital Markets Best Ideas Growth Conference. The company aims to discuss its performance momentum, market opportunity, and business model with potential investors.
QuinStreet, based in Foster City, California, announced its participation in a virtual non-deal roadshow with Stephens, Inc. on September 9th and 10th, 2020. The management aims to engage with investors about the company’s performance momentum, market opportunities, and its business model. As a leader in performance marketplace products, QuinStreet focuses on connecting searchers with relevant brands in digital media. This event represents QuinStreet's commitment to transparency and investor relations.
QuinStreet (Nasdaq: QNST) announced the completion of its $20 million sale of Education media assets to EducationDynamics on August 31, 2020. CEO Doug Valenti highlighted this move as critical in refocusing on the Financial and Home Services sectors, which have seen a 32% CAGR over the past three years. The company anticipates $125-$130 million in revenue with a mid-single-digit adjusted EBITDA margin for fiscal Q1 despite the revenue loss from the Education sector.
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QuinStreet, Inc. (Nasdaq: QNST) will participate in the William Blair InsureTech Conference on August 13, 2020, focusing on the 'Changing Nature of Auto'. The virtual panel is set for 6 am PT, with management available for one-on-one meetings afterward. The company aims to discuss its performance momentum, market opportunity, and business model with investors.
QuinStreet is renowned for matching searchers with brands in digital media, providing essential information and tools for consumers.
QuinStreet, Inc. (Nasdaq: QNST) reported Q4 and FY2020 financial results on August 5, 2020. Q4 revenue was $117.0 million, up 3% year-over-year excluding divested businesses. GAAP net income for Q4 was $1.5 million or $0.03 per diluted share, with adjusted net income of $7.4 million or $0.14 per share. Fiscal year revenue reached a record $490.3 million, 15% higher year-over-year. Strong performance in Auto Insurance (up 47%) and Home Services (up 29%) offset declines in credit-driven sectors. The company ended the year with $107.5 million in cash.
QuinStreet, Inc. (Nasdaq: QNST) will announce its fourth quarter and fiscal year 2020 financial results on August 5, 2020, after market close. A conference call will be held at 2:00 PM PT to discuss these results. Investors can access the call by dialing +1 800-353-6461 for domestic or +1 334-323-0501 for international participants using passcode 3216055. The results will provide insights into the company’s performance and future outlook.