QuinStreet (NASDAQ:QNST) stock observed trading -42.62% off 52-week high price. On the other end, the stock has been noted 70.66% away from low price over the last 52-weeks. The stock disclosed a move of 9.05% away from 50 day moving average and -22.45% away from 200 day moving average. Moving closer, we can see that shares have been trading 11.23% off 20-day moving average. It has market cap of $517.58M.
On May 06, 2020, QuinStreet (NASDAQ:QNST) a leader in performance marketplace products and technologies, declared financial results for the third quarter ended March 31, 2020.
For the third quarter, the Company reported record quarterly revenue of $128.7 million, an increase of 11% year-over-year. During the third quarter, the Company successfully divested its B2B client vertical and Brazil operations.
Revenue in the third quarter, excluding divested businesses, was $126.3 million, representing an increase of 15% year over year.
GAAP net income was $13.9 million, or $0.26 per diluted share.
Adjusted net income for the third quarter was $7.0 million, or $0.13 per diluted share.
Adjusted EBITDA for the third quarter was $9.3 million, or 7% of revenue.
During the third quarter, the Company generated $15.2 million in operating cash flow and closed the period with $97.1 million in cash and equivalents.
QuinStreet business fundamentals and financial position remain strong and resilient, despite coronavirus, stated Doug Valenti, CEO of QuinStreet. We remain highly confident in our business opportunity, strategies and initiatives. We are also confident in our ability to navigate near-term disruptions caused by coronavirus. Our recent execution has been outstanding. And our balance sheet is strong, with cash approaching $100 million and no bank debt.
The USA based company QuinStreet moved with change of -0.25% to $9.83 with the total traded volume of 444843 shares in recent session versus to an average volume of 586.01K. The stock was observed in the 5 days activity at 1.08%. The one month performance of stock was 50.00%. QNST’s shares are at -24.08% for the quarter and driving a -31.51% return over the course of the past year and is now at -35.63% since this point in 2018. Right now the stock beta is 1.11. The average volatility for the week and month was at 4.41% and 6.18% respectively. There are 52.52M shares outstanding and 46.85M shares are floated in market.