Wall Street analysts expect Quotient Technology Inc. (NYSE:QUOT) to post $92.48 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Quotient Technology’s earnings, with the highest sales estimate coming in at $92.77 million and the lowest estimate coming in at $92.29 million. Quotient Technology posted sales of $75.42 million in the same quarter last year, which suggests a positive year over year growth rate of 22.6%. The firm is scheduled to issue its next earnings report on Thursday, February 8th.
According to Zacks, analysts expect that Quotient Technology will report full-year sales of $92.48 million for the current financial year, with estimates ranging from $321.31 million to $321.79 million. For the next year, analysts anticipate that the company will post sales of $389.20 million per share, with estimates ranging from $385.46 million to $395.41 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Quotient Technology.
Quotient Technology (NYSE:QUOT) last announced its earnings results on Wednesday, November 1st. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The company had revenue of $81.95 million for the quarter, compared to analysts’ expectations of $83.24 million. Quotient Technology had a negative net margin of 5.17% and a negative return on equity of 4.96%. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.13) earnings per share.
In other news, Director Andrew J. Gessow bought 5,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was bought at an average price of $12.25 per share, for a total transaction of $61,250.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Steven R. Boal sold 80,000 shares of Quotient Technology stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $16.01, for a total value of $1,280,800.00. Following the completion of the transaction, the insider now owns 488,823 shares of the company’s stock, valued at approximately $7,826,056.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 946,783 shares of company stock valued at $15,808,792. Insiders own 11.46% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of QUOT. BNP Paribas Arbitrage SA boosted its position in Quotient Technology by 595.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,449 shares of the technology company’s stock valued at $109,000 after purchasing an additional 8,091 shares during the period. Stoneridge Investment Partners LLC acquired a new position in Quotient Technology during the 2nd quarter valued at approximately $125,000. Wedbush Securities Inc. acquired a new position in Quotient Technology during the 3rd quarter valued at approximately $160,000. Principal Financial Group Inc. boosted its position in Quotient Technology by 15.3% during the 2nd quarter. Principal Financial Group Inc. now owns 14,274 shares of the technology company’s stock valued at $164,000 after purchasing an additional 1,889 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in 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 valued at $175,000 after purchasing an additional 6,069 shares during the period. Institutional investors own 72.26% of the company’s stock.
Quotient Technology (QUOT) traded up $0.10 during mid-day trading on Friday, reaching $11.50. The company’s stock had a trading volume of 691,318 shares, compared to its average volume of 948,854. Quotient Technology has a 52 week low of $9.10 and a 52 week high of $17.85.
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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