Quotient Technology Inc (NYSE:QUOT) – Investment analysts at Wedbush lowered their FY2018 earnings estimates for shares of Quotient Technology in a research report issued on Wednesday. Wedbush analyst A. Turner now anticipates that the technology company will post earnings per share of $0.24 for the year, down from their previous estimate of $0.26. Wedbush has a “Outperform” rating and a $17.00 price target on the stock. Wedbush also issued estimates for Quotient Technology’s Q4 2018 earnings at $0.13 EPS and FY2019 earnings at $0.66 EPS.
Other research analysts have also issued research reports about the company. Oppenheimer began coverage on Quotient Technology in a report on Wednesday. They issued an “outperform” rating and a $16.00 price objective on the stock. ValuEngine lowered Quotient Technology from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. BidaskClub lowered Quotient Technology from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research upgraded Quotient Technology from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $18.00.
Quotient Technology (NYSE:QUOT) traded down $0.10 during trading on Monday, reaching $13.20. 389,377 shares of the company were exchanged, compared to its average volume of 456,482. Quotient Technology has a 1 year low of $9.10 and a 1 year high of $17.85. The firm has a market cap of $1,232.68, a PE ratio of -78.23, a P/E/G ratio of 8.53 and a beta of -0.12.
Quotient Technology (NYSE:QUOT) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.06 earnings per share (EPS) for the quarter. Quotient Technology had a negative net margin of 4.68% and a negative return on equity of 3.17%. The firm had revenue of $93.09 million for the quarter, compared to analysts’ expectations of $92.48 million.
In other news, Chairman Steven R. Boal sold 50,000 shares of Quotient Technology stock in a transaction on Friday, February 16th. The stock was sold at an average price of $13.20, for a total transaction of $660,000.00. Following the transaction, the chairman now owns 3,300,146 shares in the company, valued at approximately $43,561,927.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.46% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors raised its holdings in shares of Quotient Technology by 4.2% during the 2nd quarter. Nationwide Fund Advisors now owns 78,944 shares of the technology company’s stock worth $908,000 after acquiring an additional 3,183 shares during the period. American International Group Inc. raised its holdings in shares of Quotient Technology by 8.1% during the 3rd quarter. American International Group Inc. now owns 49,402 shares of the technology company’s stock worth $773,000 after acquiring an additional 3,694 shares during the period. California State Teachers Retirement System raised its holdings in shares of Quotient Technology by 3.4% during the 2nd quarter. California State Teachers Retirement System now owns 130,502 shares of the technology company’s stock worth $1,501,000 after acquiring an additional 4,268 shares during the period. Voya Investment Management LLC raised its holdings in shares of Quotient Technology by 17.9% during the 2nd quarter. Voya Investment Management LLC now owns 32,654 shares of the technology company’s stock worth $376,000 after acquiring an additional 4,958 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Quotient Technology by 116.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 11,269 shares of the technology company’s stock worth $175,000 after acquiring an additional 6,069 shares during the period. Institutional investors and hedge funds own 77.10% of the company’s stock.
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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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