Brokerages expect that Quotient Technology Inc. (NYSE:QUOT) will post earnings of $0.07 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Quotient Technology’s earnings, with estimates ranging from $0.05 to $0.09. Quotient Technology reported earnings per share of $0.04 during the same quarter last year, which suggests a positive year over year growth rate of 75%. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, November 1st.
According to Zacks, analysts expect that Quotient Technology will report full year earnings of $0.27 per share for the current financial year, with EPS estimates ranging from $0.21 to $0.37. For the next year, analysts anticipate that the business will post earnings of $0.49 per share, with EPS estimates ranging from $0.40 to $0.63. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Quotient Technology.
Quotient Technology (NYSE:QUOT) last released its earnings results on Tuesday, August 1st. The technology company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. Quotient Technology had a negative net margin of 5.61% and a negative return on equity of 2.92%. The firm had revenue of $74.49 million for the quarter, compared to analyst estimates of $73.72 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year.
Several equities analysts recently commented on the company. BidaskClub raised Quotient Technology from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. TheStreet raised Quotient Technology from a “d+” rating to a “c-” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reissued a “buy” rating and set a $17.00 price target on shares of Quotient Technology in a research report on Friday, September 1st. Bank of America Corporation reissued a “neutral” rating and set a $20.00 price target (up from $15.00) on shares of Quotient Technology in a research report on Tuesday, October 10th. Finally, Dougherty & Co reissued a “buy” rating and set a $20.00 price target (up from $16.00) on shares of Quotient Technology in a research report on Wednesday, October 4th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $17.88.
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In other news, Director David E. Siminoff sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $11.54, for a total value of $92,320.00. Following the completion of the sale, the director now directly owns 3,000 shares in the company, valued at approximately $34,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven R. Boal sold 411,799 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $16.78, for a total value of $6,909,987.22. The disclosure for this sale can be found here. Insiders have sold a total of 1,409,707 shares of company stock worth $22,234,911 over the last 90 days. 11.99% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Senvest Management LLC bought a new position in Quotient Technology during the 2nd quarter worth $30,620,000. Teachers Advisors LLC grew its stake in Quotient Technology by 258.2% during the 2nd quarter. Teachers Advisors LLC now owns 762,904 shares of the technology company’s stock worth $8,773,000 after buying an additional 549,948 shares during the last quarter. Lyon Street Capital LLC grew its stake in Quotient Technology by 109.1% during the 2nd quarter. Lyon Street Capital LLC now owns 794,339 shares of the technology company’s stock worth $9,135,000 after buying an additional 414,400 shares during the last quarter. Vanguard Group Inc. grew its stake in Quotient Technology by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,688,612 shares of the technology company’s stock worth $65,419,000 after buying an additional 378,031 shares during the last quarter. Finally, Marshall Wace North America L.P. grew its stake in Quotient Technology by 1,172.4% during the 2nd quarter. Marshall Wace North America L.P. now owns 219,267 shares of the technology company’s stock worth $2,632,000 after buying an additional 202,034 shares during the last quarter. Institutional investors and hedge funds own 71.39% of the company’s stock.
Quotient Technology (NYSE QUOT) traded down 0.63% during mid-day trading on Monday, hitting $15.75. 505,539 shares of the company were exchanged. The stock’s market cap is $1.45 billion. The firm has a 50 day moving average price of $16.37 and a 200 day moving average price of $13.16. Quotient Technology has a 12 month low of $9.10 and a 12 month high of $17.85.
About Quotient Technology
Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.
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