Quotient Technology Inc (NYSE:QUOT) – Stock analysts at Wedbush reduced their FY2018 earnings per share (EPS) estimates for shares of Quotient Technology in a report issued on Wednesday. Wedbush analyst A. Turner now forecasts that the technology company will earn $0.24 per share for the year, down from their prior forecast of $0.26. Wedbush has a “Outperform” rating and a $17.00 price objective 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.
A number of other research firms also recently commented on QUOT. BidaskClub downgraded Quotient Technology from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research raised Quotient Technology from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Finally, ValuEngine cut Quotient Technology from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.29.
Quotient Technology (NYSE QUOT) traded down $0.03 during trading hours on Monday, reaching $13.17. The company had a trading volume of 134,691 shares, compared to its average volume of 438,020. Quotient Technology has a 12-month low of $9.10 and a 12-month high of $17.85. The firm has a market capitalization of $1,232.68, a P/E 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 the company’s stock in a transaction that occurred 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 completion of the sale, the chairman now owns 3,300,146 shares of the company’s stock, valued at $43,561,927.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.46% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of QUOT. Nationwide Fund Advisors raised its stake in Quotient Technology by 4.2% during the second 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 in the last quarter. American International Group Inc. lifted its position 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 buying an additional 3,694 shares during the last quarter. California State Teachers Retirement System lifted its position 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 buying an additional 4,268 shares during the last quarter. Voya Investment Management LLC lifted its position 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 buying an additional 4,958 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its position 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 buying an additional 6,069 shares during the last quarter. 77.10% of the stock is owned by institutional investors.
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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