|04-16-2018 04:44 PM CET - Business, Economy, Finances, Banking & Insurance||
Alert: Investigation for Investors in shares of QuinStreet, Inc. (NASDAQ: QNST) announced
Press release from: Shareholders Foundation
An investigation was announced concerning possible violations of securities laws by QuinStreet in connection with certain financial statements.
Investors who purchased shares of QuinStreet, Inc. (NASDAQ: QNST), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain statements by QuinStreet, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Foster City, CA based QuinStreet, Inc., an Internet performance marketing and media company, provides customer acquisition services for its clients in the United States and internationally. QuinStreet, Inc. reported that its Total Revenue rose from $297.7 million for the 12 months period that ended on June 30, 2016 to $299.78 million for the 12 months period that ended on June 30, 2017 and that its Net Loss for those time period declined from $19.42 million to $12.2 million.
Shares of QuinStreet, Inc. (NASDAQ: QNST) grew from $2.65 per share in March 2017 to as high as $13.87 per share in February 2018.
On April 11, 2018, Kerrisdale Capital published a report asserting that QuinStreet’s revenue growth is a “sham” and mainly the result of “malware redirects [and] bogus leads from web surfers trying to score [online currency.]”
Shares of QuinStreet, Inc. (NASDAQ: QNST) declined on April 11, 2018 to $9.76 per share.
On April 13, 2018, NASDAQ: QNST shares closed at $10.78 per share.
Those who purchased shares of QuinStreet, Inc. (NASDAQ: QNST) have certain options and should contact the Shareholders Foundation.
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Shareholders Foundation, Inc.
3111 Camino Del Rio North
San Diego, CA 92108
This release was published on openPR.
News-ID: 1018489 • Views: 451More releases