Quotient Technology Inc (NYSE:QUOT) – Equities research analysts at DA Davidson dropped their Q1 2018 earnings estimates for Quotient Technology in a report issued on Wednesday. DA Davidson analyst T. Forte now anticipates that the technology company will earn ($0.03) per share for the quarter, down from their prior estimate of ($0.01). DA Davidson also issued estimates for Quotient Technology’s Q2 2018 earnings at $0.02 EPS and FY2022 earnings at $1.13 EPS.
Other equities research analysts also recently issued research reports about the company. BidaskClub downgraded Quotient Technology from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Zacks Investment Research downgraded Quotient Technology from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Wedbush reissued an “outperform” rating and issued a $17.00 target price on shares of Quotient Technology in a report on Monday, February 12th. Finally, ValuEngine downgraded Quotient Technology from a “hold” rating to a “sell” rating in a report on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Quotient Technology has a consensus rating of “Hold” and an average target price of $18.29.
Shares of Quotient Technology (QUOT) opened at $13.20 on Monday. Quotient Technology has a fifty-two week low of $9.10 and a fifty-two week high of $17.85. The firm has a market capitalization of $1,232.68, a price-to-earnings ratio of -77.64, a P/E/G ratio of 8.53 and a beta of -0.12.
In other Quotient Technology news, Chairman Steven R. Boal sold 50,000 shares of Quotient Technology stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $13.20, for a total value of $660,000.00. Following the completion of the sale, the chairman now owns 3,300,146 shares in the company, valued at approximately $43,561,927.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.46% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of QUOT. Senvest Management LLC grew its holdings in Quotient Technology by 85.5% in the 4th quarter. Senvest Management LLC now owns 6,731,227 shares of the technology company’s stock valued at $79,092,000 after buying an additional 3,102,351 shares during the period. Millennium Management LLC lifted its stake in shares of Quotient Technology by 436.8% in the 4th quarter. Millennium Management LLC now owns 2,151,087 shares of the technology company’s stock valued at $25,275,000 after purchasing an additional 1,750,384 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Quotient Technology by 1,821.1% in the 4th quarter. Renaissance Technologies LLC now owns 618,600 shares of the technology company’s stock valued at $7,269,000 after purchasing an additional 586,400 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Quotient Technology by 446.7% in the 4th quarter. Deutsche Bank AG now owns 531,299 shares of the technology company’s stock valued at $6,241,000 after purchasing an additional 434,114 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Quotient Technology by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,688,612 shares of the technology company’s stock valued at $65,419,000 after purchasing an additional 378,031 shares in the last quarter. Institutional investors own 77.10% of the company’s stock.
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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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