Equities analysts forecast that Quotient Technology Inc. (NYSE:QUOT) will announce $73.73 million in sales for the current quarter, Zacks Investment Research reports. 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 reported sales of $67.25 million in the same quarter last year, which indicates a positive year over year growth rate of 9.6%. The company is scheduled to report 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 fiscal year, analysts forecast that the company will post sales of $361.08 million per share, with estimates ranging from $354.30 million to $365.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Quotient Technology.
Quotient Technology (NYSE:QUOT) last posted 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 business had revenue of $72.58 million for the quarter, compared to analyst estimates of $71.95 million.
QUOT has been the topic of several recent research reports. Maxim Group reaffirmed a “buy” rating and issued a $15.00 price target on shares of Quotient Technology in a research report on Wednesday, May 3rd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $17.00 price target on shares of Quotient Technology in a research report on Friday, April 21st. Bank of America Corporation raised shares of Quotient Technology from a “neutral” rating to a “buy” rating in a research report on Monday, April 17th. TheStreet cut shares of Quotient Technology from a “c” rating to a “d+” rating in a research report on Tuesday, May 2nd. Finally, BidaskClub raised shares of Quotient Technology from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $15.50.
In other Quotient Technology news, CEO Steven R. Boal sold 124,789 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $11.33, for a total value of $1,413,859.37. Following the completion of the sale, the chief executive officer now owns 1,253,851 shares in the company, valued at approximately $14,206,131.83. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David E. Siminoff sold 8,000 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $10.82, for a total transaction of $86,560.00. Following the completion of the sale, the director now owns 3,000 shares of the company’s stock, valued at approximately $32,460. The disclosure for this sale can be found here. In the last quarter, insiders sold 393,095 shares of company stock valued at $4,431,497. Company insiders own 11.99% of the company’s stock.
Several large investors have recently modified their holdings of QUOT. Loomis Sayles & Co. L P raised 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 bought a new stake in shares of Quotient Technology during the first quarter valued at about $3,628,000. Vanguard Group Inc. raised 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 raised 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 raised 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. Institutional investors own 70.93% of the company’s stock.
Quotient Technology (NYSE:QUOT) traded down 1.32% on Friday, hitting $11.25. The stock had a trading volume of 356,704 shares. Quotient Technology has a 12-month low of $9.10 and a 12-month high of $14.36. The company has a 50 day moving average of $11.40 and a 200 day moving average of $11.06. The company’s market capitalization is $1.02 billion.
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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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