Wall Street brokerages forecast that Quotient Technology Inc. (NYSE:QUOT) will post $92.48 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Quotient Technology’s earnings. The lowest sales estimate is $92.29 million and the highest is $92.77 million. Quotient Technology posted sales of $75.42 million during the same quarter last year, which suggests a positive year over year growth rate of 22.6%. The firm is scheduled to issue its next earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Quotient Technology will report full-year sales of $92.48 million for the current year, with estimates ranging from $321.31 million to $321.79 million. For the next financial year, analysts anticipate that the firm will report sales of $389.20 million per share, with estimates ranging from $385.46 million to $395.41 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Quotient Technology.
Quotient Technology (NYSE:QUOT) last issued its earnings results on Wednesday, November 1st. The technology company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.10). The company had revenue of $81.95 million for the quarter, compared to analyst estimates of $83.24 million. Quotient Technology had a negative return on equity of 4.96% and a negative net margin of 5.17%. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.13) earnings per share.
QUOT has been the topic of several recent research reports. BidaskClub cut Quotient Technology from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. DA Davidson began coverage on shares of Quotient Technology in a research report on Wednesday, September 13th. They set a “buy” rating and a $18.00 price target on the stock. First Analysis assumed coverage on shares of Quotient Technology in a research report on Monday, October 9th. They set an “overweight” rating and a $21.00 price target on the stock. Wedbush reissued an “ourperform” rating and issued a $16.00 target price on shares of Quotient Technology in a research report on Monday, July 31st. Finally, ValuEngine raised Quotient Technology from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Quotient Technology has a consensus rating of “Buy” and an average price target of $17.88.
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Quotient Technology (NYSE:QUOT) opened at $12.20 on Wednesday. Quotient Technology has a twelve month low of $9.10 and a twelve month high of $17.85.
In other news, Director Andrew J. Gessow bought 5,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average price of $12.25 per share, for a total transaction of $61,250.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David E. Siminoff sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $15.52, for a total transaction of $124,160.00. Following the transaction, the director now owns 3,000 shares of the company’s stock, valued at approximately $46,560. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,174,783 shares of company stock valued at $19,203,133. Insiders own 11.99% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bamco Inc. NY boosted its stake in Quotient Technology by 7.5% in the third quarter. Bamco Inc. NY now owns 215,000 shares of the technology company’s stock valued at $3,365,000 after acquiring an additional 15,000 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in Quotient Technology during the third quarter worth about $496,000. Royce & Associates LP purchased a new position in Quotient Technology during the third quarter worth about $2,520,000. Senvest Management LLC raised its holdings in Quotient Technology by 36.3% during the third quarter. Senvest Management LLC now owns 3,628,876 shares of the technology company’s stock worth $56,792,000 after purchasing an additional 966,309 shares in the last quarter. Finally, OxFORD Asset Management LLP purchased a new position in Quotient Technology during the third quarter worth about $502,000. Institutional investors own 72.89% of the company’s stock.
Quotient Technology Company Profile
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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