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QuinStreet Announces Resumption of Share Repurchase Program

1. QuinStreet resumes share repurchase program signaling strong business performance. 2. Strong financial position boosts investor confidence in QNST's long-term prospects.

Shares Buyback
+2.19%Current Return
VS
+0.28%S&P 500
$14.6208/13 08:17 AM EDTEvent Start
$14.9408/14 02:58 PM EDTLatest Updated
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FAQ

Why Bullish?

Share repurchase programs often indicate strong financial health, which can lead to stock price increases. Historical examples show that similar actions typically attract investor interest and lead to an uptick in price.

How important is it?

The resumption of share repurchases is a strong indicator of management's confidence, which could lead to positive perceptions and investment in the stock. It directly aligns with investor interest and potential future price appreciation.

Why Long Term?

The resumption of share repurchases is a long-term driver of shareholder value as it reduces the float and can enhance EPS over time. This is in line with past instances where repurchases led to sustained stock appreciation over several quarters.

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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 its already authorized share repurchase program. QuinStreet's resumption of stock repurchases reflects the strength of the Company's underlying business model and financial position, and confidence in QuinStreet's long-term business out.

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