Quotient Technology Inc. (QUOT) Expected to Post Quarterly Sales of $73.73 Million
Wall Street brokerages expect Quotient Technology Inc. (NYSE:QUOT) to report $73.73 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Quotient Technology’s earnings. The lowest sales estimate is $72.32 million and the highest is $74.88 million. Quotient Technology posted sales of $67.25 million in the same quarter last year, which suggests a positive year over year growth rate of 9.6%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, August 1st.
On average, analysts expect that Quotient Technology will report full year sales of $73.73 million for the current financial year, with estimates ranging from $311.63 million to $316.54 million. For the next year, analysts forecast that the firm will post sales of $361.08 million per share, with estimates ranging from $354.30 million to $365.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Quotient Technology.
Quotient Technology (NYSE:QUOT) last issued its quarterly earnings results on Tuesday, May 2nd. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. Quotient Technology had a negative return on equity of 3.74% and a negative net margin of 4.95%. The firm had revenue of $72.58 million during the quarter, compared to analyst estimates of $71.95 million.
A number of research analysts have recently weighed in on the company. BidaskClub upgraded Quotient Technology from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Maxim Group set a $15.00 price target on shares of Quotient Technology and gave the company a “buy” rating in a report on Thursday, May 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $17.00 price target on shares of Quotient Technology in a report on Friday, April 21st. TheStreet downgraded shares of Quotient Technology from a “c” rating to a “d+” rating in a report on Tuesday, May 2nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Quotient Technology in a report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Quotient Technology presently has a consensus rating of “Buy” and a consensus target price of $15.50.
In other Quotient Technology news, CEO Steven R. Boal sold 17,095 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $11.01, for a total value of $188,215.95. Following the completion of the sale, the chief executive officer now owns 1,231,728 shares of the company’s stock, valued at $13,561,325.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David E. Siminoff sold 8,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $11.42, for a total transaction of $91,360.00. Following the completion of the sale, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $34,260. The disclosure for this sale can be found here. In the last ninety days, insiders sold 393,095 shares of company stock valued at $4,431,497. 11.99% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in QUOT. Loomis Sayles & Co. L P increased its stake in shares of Quotient Technology by 43.3% in the first quarter. Loomis Sayles & Co. L P now owns 1,286,861 shares of the technology company’s stock valued at $12,290,000 after buying an additional 388,871 shares during the last quarter. Lyon Street Capital LLC purchased a new stake in shares of Quotient Technology during the first quarter valued at about $3,628,000. Vanguard Group Inc. increased its stake in shares of Quotient Technology by 6.7% in the first quarter. Vanguard Group Inc. now owns 5,310,581 shares of the technology company’s stock valued at $50,715,000 after buying an additional 333,983 shares during the last quarter. Cowen Prime Services LLC increased its stake in shares of Quotient Technology by 91.6% in the first quarter. Cowen Prime Services LLC now owns 552,600 shares of the technology company’s stock valued at $5,277,000 after buying an additional 264,200 shares during the last quarter. Finally, Granite Investment Partners LLC increased its stake in shares of Quotient Technology by 14.0% in the first quarter. Granite Investment Partners LLC now owns 1,481,111 shares of the technology company’s stock valued at $14,145,000 after buying an additional 182,094 shares during the last quarter. 70.93% of the stock is owned by institutional investors and hedge funds.
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Shares of Quotient Technology (QUOT) traded up 1.79% during midday trading on Friday, reaching $11.40. The company’s stock had a trading volume of 48,936 shares. The company’s market cap is $1.03 billion. The company’s 50-day moving average price is $11.40 and its 200-day moving average price is $11.06. Quotient Technology has a 12 month low of $9.10 and a 12 month high of $14.36.
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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