Quotient Technology Inc (NYSE:QUOT) – Research analysts at DA Davidson dropped their Q3 2018 earnings per share estimates for Quotient Technology in a research report issued on Wednesday. DA Davidson analyst T. Forte now anticipates that the technology company will post earnings of $0.06 per share for the quarter, down from their previous estimate of $0.08. DA Davidson also issued estimates for Quotient Technology’s FY2018 earnings at $0.10 EPS, FY2019 earnings at $0.32 EPS, FY2020 earnings at $0.60 EPS and FY2021 earnings at $0.87 EPS.
QUOT has been the subject of a number of other research reports. Zacks Investment Research lowered Quotient Technology from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. BidaskClub downgraded Quotient Technology from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Wedbush reiterated an “outperform” rating and issued a $17.00 target price on shares of Quotient Technology in a research report on Monday, February 12th. Finally, ValuEngine downgraded Quotient Technology from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Quotient Technology currently has an average rating of “Hold” and an average price target of $18.29.
A number of hedge funds have recently modified their holdings of QUOT. Amalgamated Bank purchased a new stake in Quotient Technology during the fourth quarter valued at approximately $121,000. Capital Fund Management S.A. purchased a new stake in Quotient Technology during the fourth quarter valued at approximately $140,000. Wolverine Trading LLC raised its position in Quotient Technology by 119.8% during the fourth quarter. Wolverine Trading LLC now owns 12,140 shares of the technology company’s stock valued at $143,000 after purchasing an additional 6,617 shares during the period. Wedbush Securities Inc. purchased a new stake in Quotient Technology during the third quarter valued at approximately $160,000. Finally, Great West Life Assurance Co. Can raised its position in Quotient Technology by 116.7% during the third 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 and hedge funds own 72.12% of the company’s stock.
In other Quotient Technology news, Chairman Steven R. Boal sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $13.20, for a total transaction of $660,000.00. Following the sale, the chairman now directly owns 3,300,146 shares in the company, valued at $43,561,927.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 11.46% of the stock is currently owned by insiders.
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.
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.