Welcome to our dedicated page for QuinStreet news (Ticker: QNST), a resource for investors and traders seeking the latest updates and insights on QuinStreet stock.
QuinStreet, Inc. (symbol: QNST) is a pioneering leader in performance marketing technologies and services. Founded in 1999 and with its initial public offering in 2010, QuinStreet has consistently delivered the right leads at the right volume to thousands of industry-leading clients and business brands. The company's headquarters are situated in Foster City, CA, with a global presence through its satellite offices.
QuinStreet specializes in serving clients in large, information-intensive industries. Their innovative approach combines direct marketing expertise, vast search and media reach, and industry-leading technologies to deliver significantly improved results for clients. They generate revenue by delivering measurable online marketing results, which is testament to their efficacy and reliability in the industry.
QuinStreet's offerings include a full spectrum of performance marketing products such as Clicks, Inquiries, Calls, Applications, and Full Customer Acquisitions. They have developed a broad range of Internet marketing tools, making them a preferred partner for search engine companies. They excel in building websites with flexible content and offerings that can be customized to meet the specific needs of various user bases.
The company’s recent achievements include several successful partnerships and the continuation of their expansion into new markets. Their financial condition remains robust, supported by consistent performance and strategic growth initiatives. Some of the latest news from QuinStreet highlights their ongoing projects and developments in areas such as Modernize Home Services, underscoring their commitment to innovation and client satisfaction.
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.
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.
QuinStreet, Inc. (Nasdaq: QNST) has acquired Modernize, a leader in home improvement performance marketing, for $67.5 million. This strategic acquisition will position Modernize as QuinStreet's flagship brand in home services, targeting a market worth over $200 billion. Modernize Home Services will operate across high-value segments, connecting homeowners with a network of over 1,000 contractors. The acquisition is projected to contribute $50-60 million to QuinStreet's FY2021 revenue, enhancing EBITDA margins. Details will be provided in the upcoming Q4 earnings call.
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