Quotient Technology Inc (NYSE:QUOT) – Research analysts at DA Davidson boosted their Q4 2019 earnings per share estimates for Quotient Technology in a research report issued on Wednesday, May 8th. DA Davidson analyst T. Forte now anticipates that the technology company will earn $0.01 per share for the quarter, up from their prior estimate of ($0.01). DA Davidson currently has a “Buy” rating and a $20.00 target price on the stock. DA Davidson also issued estimates for Quotient Technology’s FY2020 earnings at $0.02 EPS, FY2021 earnings at $0.24 EPS, FY2022 earnings at $0.51 EPS and FY2023 earnings at $0.75 EPS.
QUOT has been the subject of a number of other reports. Zacks Investment Research lowered Quotient Technology from a “hold” rating to a “strong sell” rating in a research report on Friday, January 25th. Royal Bank of Canada dropped their price target on Quotient Technology to $12.00 and set a “market perform” rating for the company in a research report on Wednesday, February 13th. restated a “buy” rating and issued a $12.00 price target on shares of Quotient Technology in a research report on Wednesday, February 13th. restated a “buy” rating and issued a $12.00 price target on shares of Quotient Technology in a research report on Wednesday, February 13th. Finally, ValuEngine lowered Quotient Technology from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Quotient Technology has an average rating of “Buy” and an average target price of $15.20.
QUOT stock opened at $10.35 on Friday. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $910.34 million, a PE ratio of -43.08 and a beta of 0.21. Quotient Technology has a 1 year low of $8.92 and a 1 year high of $15.98.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings data on Tuesday, February 12th. The technology company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). Quotient Technology had a negative return on equity of 5.17% and a negative net margin of 7.32%. The firm had revenue of $107.06 million for the quarter, compared to analysts’ expectations of $110.13 million.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Elk Creek Partners LLC lifted its holdings in Quotient Technology by 29.3% in the first quarter. Elk Creek Partners LLC now owns 4,329,615 shares of the technology company’s stock valued at $42,733,000 after acquiring an additional 980,478 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in Quotient Technology in the first quarter valued at approximately $46,000. Swiss National Bank lifted its holdings in Quotient Technology by 3.1% in the first quarter. Swiss National Bank now owns 147,400 shares of the technology company’s stock valued at $1,455,000 after acquiring an additional 4,400 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Quotient Technology by 27.5% in the first quarter. Dimensional Fund Advisors LP now owns 983,522 shares of the technology company’s stock valued at $9,708,000 after acquiring an additional 211,940 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Quotient Technology by 204.3% in the first quarter. Envestnet Asset Management Inc. now owns 39,916 shares of the technology company’s stock valued at $394,000 after acquiring an additional 26,799 shares during the last quarter. Hedge funds and other institutional investors own 75.16% of the company’s stock.
In other news, COO Chad Summe sold 9,966 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $10.21, for a total value of $101,752.86. Following the completion of the sale, the chief operating officer now directly owns 121,512 shares in the company, valued at $1,240,637.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jason Young sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $10.23, for a total value of $102,300.00. Following the completion of the sale, the insider now owns 130,899 shares of the company’s stock, valued at $1,339,096.77. The disclosure for this sale can be found here. Insiders sold 25,132 shares of company stock valued at $254,625 over the last 90 days. Company insiders own 9.50% of the company’s stock.
Quotient Technology Company Profile
Quotient Technology Inc, a digital marketing company, provides technology and services that offers integrated digital promotions and media programs for consumer packaged goods (CPGs) brands and retailers. The company offers programs across its network, including its flagship consumer brand Coupons.com and retail partners' properties.
Receive News & Ratings for Quotient Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quotient Technology and related companies with MarketBeat.com's FREE daily email newsletter.