Notable News Spotlight: QuinStreet (NASDAQ:QNST)

QuinStreet (NASDAQ:QNST) changed -3.00% to recent value of $12.59. The stock transacted 893984 shares during most recent day however it has an average volume of 475.43K shares. It spotted trading -36.09% off 52-week high price. On the other end, the stock has been noted 24.04% away from the low price over the last 52-weeks.

On Feb. 5, 2020, QuinStreet (NASDAQ:QNST) a leader in performance marketplace products and technologies, revealed financial results for the second quarter ended December 31, 2019.

For the second quarter, the Company reported revenue of $118.1 million, an increase of 13% year-over-year, and GAAP net income of $1.5 million, or $0.03 per diluted share.

Adjusted net income for the second quarter was $6.3 million, or $0.12 per diluted share. Adjusted EBITDA for the second quarter was $9.1 million, or 8% of revenue.

During the second quarter, the Company generated $9.9 million in operating cash flow and closed the quarter with $76.1 million in cash and equivalents.

Fiscal second quarter results were in line with our outlook for full year revenue and EBITDA, commented Doug Valenti, CEO of QuinStreet. We delivered record fiscal second quarter revenue. There continues to be good and accelerating momentum and opportunity in the business, particularly in our core Financial Services and Home Services client verticals, which grew 20% year-over-year. Good progress is also being made on growth and operating initiatives that we expect to yield strong and improving results in coming quarters. Fiscal third quarter revenue is expected to set a quarterly revenue record for the Company.

QNST has a gross margin of 12.60% and an operating margin of 1.50% while its profit margin remained 12.40% for the last 12 months. Its earnings per share (EPS) expected to touch remained 270.80% for this year while earning per share for the next 5-years is expected to reach at 25.00%.

The company has 52.16M of outstanding shares and 46.24M shares were floated in the market. According to the most recent quarter its current ratio was 1.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of -11.20% from the mean of 20 days, -16.22% from mean of 50 days SMA and performed -12.21% from mean of 200 days price. Company’s performance for the week was -4.55%, -18.03% for month and YTD performance remained -17.77%.

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