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QuinStreet Announces Plan to Resume Share Repurchase Program Under New Trading Plan
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
buyback
FOSTER CITY, Calif.--(BUSINESS WIRE)--
QuinStreet, Inc. (Nasdaq: QNST), a leader in performance marketplaces and technologies for the financial services and home services industries, today announced the plan to resume repurchasing shares of its common stock under a 10b5-1 trading plan. The plan is part of QuinStreet’s already authorized and previously announced $40 million share purchase program under which approximately $20 million remains available and authorized for stock repurchases.
QuinStreet’s resumption of stock repurchases under the new rule 10b5-1 reflects the expected transitory nature of insurance industry challenges, the strength of the Company’s underlying business model and financial position, and confidence in QuinStreet’s long-term business outlook.
About QuinStreet
QuinStreet, Inc. (Nasdaq: QNST) is a leader in performance marketplaces and technologies for the financial services and home services industries. QuinStreet is a pioneer in delivering online marketplace solutions to match searchers with brands in digital media, and is committed to providing consumers with the information and tools they need to research, find and select the products and brands that meet their needs.
founded in 1999, and with its initial public offering in 2010, quinstreet, inc. is the leader in performance marketing technologies & services, consistently delivering the right leads at the right volume to thousands of industry-leading clients and business brands. the company’s full-service approach combines direct marketing expertise, vast search and media reach, and industry-leading technologies to deliver dramatically improved results for clients. quinstreet is headquartered in foster city, ca, with satellite offices worldwide.
