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FOSTER CITY, Calif. - QuinStreet, Inc. (NASDAQ:QNST) announced Wednesday it plans to resume repurchasing shares of its common stock under its previously authorized share repurchase program. The announcement comes as the stock trades near its 52-week low of $14.27, having declined about 37% over the past six months, according to InvestingPro data.
The digital marketing company, which specializes in performance marketplaces for the financial services and home services industries, cited the strength of its underlying business model, financial position, and confidence in its long-term business outlook as reasons for resuming the stock buybacks. InvestingPro analysis shows the company maintains a strong balance sheet with more cash than debt and a healthy current ratio of 1.51, though it currently trades at elevated earnings multiples.
QuinStreet describes itself as a pioneer in delivering online marketplace solutions that match searchers with brands in digital media. The company focuses on providing consumers with information and tools needed to research and select products and brands.
The announcement did not specify the timing, amount, or other details regarding the planned share repurchases.
The information in this article is based on a press release statement from QuinStreet.
In other recent news, QuinStreet Inc. reported its Q4 2025 earnings, highlighting a notable miss on earnings per share (EPS) expectations. The company announced an EPS of $0.06, which was significantly below the anticipated $0.24, marking a 75% shortfall. Despite this earnings miss, QuinStreet’s revenue slightly surpassed forecasts, reaching $262 million compared to the projected $255.14 million, an increase of 2.69%. This mixed financial performance has drawn attention from investors, as the earnings miss contrasts with the revenue growth. These developments are part of the company’s recent financial disclosures.
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