Quotient Technology (QUOT) Releases Earnings Results

Quotient Technology (NYSE:QUOT) announced its earnings results on Wednesday. The technology company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.04), Briefing.com reports. Quotient Technology had a negative return on equity of 4.00% and a negative net margin of 6.45%. The company had revenue of $103.60 million during the quarter, compared to the consensus estimate of $102.99 million. During the same period in the prior year, the firm posted ($0.12) earnings per share. The company’s revenue was up 26.3% on a year-over-year basis. Quotient Technology updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.

Shares of NYSE QUOT traded down $0.01 during trading on Thursday, reaching $12.98. The company had a trading volume of 1,483,086 shares, compared to its average volume of 441,032. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 0.39. The company has a market cap of $1.22 billion, a PE ratio of -99.85 and a beta of 0.17. Quotient Technology has a 52 week low of $10.35 and a 52 week high of $15.98.

In related news, Chairman Steven R. Boal sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $15.50, for a total transaction of $775,000.00. Following the completion of the sale, the chairman now directly owns 3,168,672 shares of the company’s stock, valued at $49,114,416. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have sold 150,000 shares of company stock valued at $2,127,500. 9.50% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of QUOT. BlackRock Inc. raised its stake in shares of Quotient Technology by 10.7% during the second quarter. BlackRock Inc. now owns 5,149,850 shares of the technology company’s stock worth $67,464,000 after buying an additional 498,152 shares during the last quarter. Moody Aldrich Partners LLC bought a new stake in shares of Quotient Technology during the second quarter worth approximately $2,791,000. Bank of New York Mellon Corp raised its stake in shares of Quotient Technology by 29.4% during the second quarter. Bank of New York Mellon Corp now owns 546,408 shares of the technology company’s stock worth $7,158,000 after buying an additional 124,103 shares during the last quarter. Cowen Prime Services LLC raised its stake in shares of Quotient Technology by 9.5% during the second quarter. Cowen Prime Services LLC now owns 1,163,600 shares of the technology company’s stock worth $15,243,000 after buying an additional 100,700 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Quotient Technology by 202.2% during the second quarter. First Trust Advisors LP now owns 147,024 shares of the technology company’s stock worth $1,926,000 after buying an additional 98,367 shares during the last quarter. 75.36% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have weighed in on QUOT. Zacks Investment Research downgraded shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. ValuEngine raised shares of Quotient Technology from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Finally, Royal Bank of Canada downgraded shares of Quotient Technology from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $17.00.

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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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Earnings History for Quotient Technology (NYSE:QUOT)

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