Quotient Technology Inc (QUOT) Issues Quarterly Earnings Results, Misses Estimates By $0.10 EPS
Quotient Technology Inc (NYSE:QUOT) posted its quarterly earnings results on Wednesday. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.10), Briefing.com reports. The firm had revenue of $81.95 million for the quarter, compared to analysts’ expectations of $83.24 million. Quotient Technology had a negative return on equity of 7.07% and a negative net margin of 7.73%. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.13) earnings per share.
In other Quotient Technology news, insider Steven R. Boal sold 209,782 shares of the business’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $16.98, for a total transaction of $3,562,098.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven R. Boal sold 411,799 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $16.78, for a total transaction of $6,909,987.22. The disclosure for this sale can be found here. Insiders have sold a total of 1,226,783 shares of company stock valued at $19,927,373 over the last three months. 11.99% of the stock is currently owned by company insiders.
Several research firms recently issued reports on QUOT. Bank of America Corporation reissued a “neutral” rating and set a $20.00 price target (up from $15.00) on shares of Quotient Technology in a report on Tuesday, October 10th. BidaskClub cut shares of Quotient Technology from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Royal Bank Of Canada reissued a “buy” rating and set a $17.00 price target on shares of Quotient Technology in a report on Friday, September 1st. DA Davidson began coverage on shares of Quotient Technology in a report on Wednesday, September 13th. They set a “buy” rating and a $18.00 price target for the company. Finally, Wedbush reissued an “ourperform” rating and set a $16.00 price target on shares of Quotient Technology in a report on Monday, July 31st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $17.88.
Quotient Technology Company Profile
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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