Equities analysts expect Quotient Technology Inc (NYSE:QUOT) to post $102.41 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Quotient Technology’s earnings. The highest sales estimate is $103.27 million and the lowest is $101.93 million. Quotient Technology reported sales of $81.95 million during the same quarter last year, which indicates a positive year over year growth rate of 25%. The firm is expected to report its next earnings report on Wednesday, November 7th.
On average, analysts expect that Quotient Technology will report full-year sales of $395.28 million for the current financial year, with estimates ranging from $393.10 million to $397.60 million. For the next year, analysts anticipate that the company will post sales of $478.75 million per share, with estimates ranging from $453.64 million to $497.15 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Quotient Technology.
Quotient Technology (NYSE:QUOT) last announced its quarterly earnings results on Tuesday, July 31st. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). Quotient Technology had a negative return on equity of 4.00% and a negative net margin of 6.45%. The business had revenue of $89.55 million for the quarter, compared to analyst estimates of $88.44 million.
QUOT has been the topic of a number of research reports. Royal Bank of Canada downgraded Quotient Technology from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 1st. ValuEngine raised Quotient Technology from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. William Blair reissued an “outperform” rating on shares of Quotient Technology in a research note on Monday, April 16th. Finally, Zacks Investment Research downgraded Quotient Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $18.00.
Quotient Technology traded up $0.30, reaching $14.60, during trading on Tuesday, MarketBeat reports. 260,038 shares of the company’s stock were exchanged, compared to its average volume of 444,692. The company has a current ratio of 5.28, a quick ratio of 6.42 and a debt-to-equity ratio of 0.39. Quotient Technology has a 1-year low of $10.35 and a 1-year high of $17.85.
In related news, insider Steven R. Boal sold 50,000 shares of the company’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $14.13, for a total transaction of $706,500.00. Following the transaction, the insider now directly owns 3,262,653 shares of the company’s stock, valued at $46,101,286.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 150,000 shares of company stock worth $2,051,000 over the last three months. 9.50% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of QUOT. SG Americas Securities LLC purchased a new position in Quotient Technology in the first quarter valued at about $127,000. ETRADE Capital Management LLC bought a new stake in shares of Quotient Technology during the 1st quarter worth about $147,000. Sei Investments Co. bought a new stake in shares of Quotient Technology during the 2nd quarter worth about $150,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Quotient Technology by 233.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,155 shares of the technology company’s stock worth $159,000 after acquiring an additional 8,507 shares in the last quarter. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Quotient Technology during the 1st quarter worth about $185,000. 74.83% of the stock is currently owned by hedge funds and other institutional investors.
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.
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