Quotient Technology Inc (NYSE:QUOT) – Investment analysts at DA Davidson dropped their Q2 2019 EPS estimates for shares of Quotient Technology in a report released on Wednesday, January 23rd. DA Davidson analyst T. Forte now forecasts that the technology company will post earnings of ($0.04) per share for the quarter, down from their prior estimate of ($0.03). DA Davidson has a “Buy” rating and a $20.00 price objective on the stock. DA Davidson also issued estimates for Quotient Technology’s FY2019 earnings at ($0.05) EPS and FY2022 earnings at $0.76 EPS.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Quotient Technology from a “hold” rating to a “strong sell” rating in a report on Friday. ValuEngine lowered shares of Quotient Technology from a “buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $17.60.
QUOT stock opened at $10.21 on Friday. The stock has a market capitalization of $951.89 million, a price-to-earnings ratio of -78.54 and a beta of 0.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 6.27 and a current ratio of 6.27. Quotient Technology has a 12 month low of $9.00 and a 12 month high of $15.98.
Quotient Technology (NYSE:QUOT) last released its earnings results on Wednesday, November 7th. The technology company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Quotient Technology had a negative net margin of 5.27% and a negative return on equity of 3.11%. The firm had revenue of $103.60 million during the quarter, compared to the consensus estimate of $102.99 million. During the same period in the prior year, the business earned ($0.12) earnings per share. Quotient Technology’s quarterly revenue was up 26.3% compared to the same quarter last year.
In related news, insider Steven R. Boal sold 50,000 shares of Quotient Technology stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $11.41, for a total transaction of $570,500.00. Following the sale, the insider now directly owns 3,423,628 shares of the company’s stock, valued at approximately $39,063,595.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Chad Summe sold 2,903 shares of Quotient Technology stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $12.42, for a total transaction of $36,055.26. Following the sale, the chief operating officer now directly owns 125,454 shares in the company, valued at $1,558,138.68. The disclosure for this sale can be found here. Insiders have sold a total of 152,903 shares of company stock worth $1,801,055 over the last ninety days. 9.50% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Quotient Technology by 44.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,419 shares of the technology company’s stock worth $58,000 after buying an additional 1,668 shares during the period. BB&T Securities LLC acquired a new stake in Quotient Technology during the 2nd quarter worth approximately $193,000. We Are One Seven LLC boosted its position in Quotient Technology by 23.5% during the 4th quarter. We Are One Seven LLC now owns 18,602 shares of the technology company’s stock worth $198,000 after buying an additional 3,542 shares during the period. Glenmede Trust Co. NA boosted its position in Quotient Technology by 55.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,840 shares of the technology company’s stock worth $213,000 after buying an additional 4,930 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its position in Quotient Technology by 119.1% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 13,847 shares of the technology company’s stock worth $215,000 after buying an additional 7,528 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.
Quotient Technology Company Profile
Quotient Technology Inc provides digital marketing platform that offers digital coupons and media solutions to consumer packaged goods (CPGs) brands, retailers, and shoppers in the United States. The company operates its platform across various distribution networks, reaching approximately 60 million shoppers, including the app and Website of its flagship consumer brand, Coupons.com, other owned and operated properties, and various publisher partners.