Wall Street analysts expect that Quotient Technology Inc (NYSE:QUOT) will announce sales of $110.13 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Quotient Technology’s earnings. The lowest sales estimate is $106.50 million and the highest is $116.85 million. Quotient Technology reported sales of $93.09 million during the same quarter last year, which would suggest a positive year over year growth rate of 18.3%. The business is scheduled to report its next earnings report after the market closes on Tuesday, February 12th.
On average, analysts expect that Quotient Technology will report full year sales of $390.03 million for the current fiscal year, with estimates ranging from $386.40 million to $396.75 million. For the next financial year, analysts forecast that the firm will report sales of $474.19 million, with estimates ranging from $462.68 million to $495.33 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Quotient Technology.
QUOT has been the topic of several recent analyst reports. DA Davidson cut their target price on shares of Quotient Technology to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, January 23rd. ValuEngine raised shares of Quotient Technology from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Finally, Zacks Investment Research raised shares of Quotient Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Quotient Technology currently has an average rating of “Buy” and an average target price of $17.60.
In other news, COO Chad Summe sold 2,903 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $12.42, for a total value of $36,055.26. Following the transaction, the chief operating officer now directly owns 125,454 shares of the company’s stock, valued at $1,558,138.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven R. Boal sold 50,000 shares of the company’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $12.64, for a total transaction of $632,000.00. Following the completion of the transaction, the insider now directly owns 3,068,672 shares in the company, valued at $38,788,014.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,903 shares of company stock worth $1,801,055. Company insiders own 9.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of QUOT. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Quotient Technology by 44.5% during the fourth 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 last quarter. We Are One Seven LLC increased its position in Quotient Technology by 23.5% during the fourth 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 last quarter. Glenmede Trust Co. NA increased its position in Quotient Technology by 55.3% during the third 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 last quarter. Public Employees Retirement Association of Colorado increased its position in Quotient Technology by 119.1% during the third 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 last quarter. Finally, OLD National Bancorp IN boosted its holdings in Quotient Technology by 47.3% during the third quarter. OLD National Bancorp IN now owns 16,105 shares of the technology company’s stock valued at $250,000 after acquiring an additional 5,171 shares during the period. 76.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:QUOT traded up $0.07 on Friday, reaching $9.51. 263,570 shares of the company traded hands, compared to its average volume of 1,057,432. Quotient Technology has a fifty-two week low of $9.00 and a fifty-two week high of $15.98. The company has a market capitalization of $898.59 million, a PE ratio of -73.15 and a beta of 0.26. 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 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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