Quotient Technology Inc (NYSE:QUOT) – Equities research analysts at DA Davidson decreased their Q1 2018 EPS estimates for shares of Quotient Technology in a research note issued on Wednesday, Zacks Investment Research reports. DA Davidson analyst T. Forte now anticipates that the technology company will earn ($0.03) per share for the quarter, down from their previous forecast of ($0.01). DA Davidson also issued estimates for Quotient Technology’s Q2 2018 earnings at $0.02 EPS and FY2022 earnings at $1.13 EPS.
Several other analysts also recently weighed in on the stock. First Analysis lifted their price target on shares of Quotient Technology to $18.00 and gave the company an “overweight” rating in a research note on Tuesday. Oppenheimer assumed coverage on shares of Quotient Technology in a research note on Wednesday, February 21st. They set an “outperform” rating and a $16.00 price target for the company. ValuEngine raised shares of Quotient Technology from a “sell” rating to a “hold” rating in a research note on Tuesday, February 20th. Zacks Investment Research raised shares of Quotient Technology from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. Finally, Wedbush reaffirmed an “outperform” rating and set a $17.00 price target on shares of Quotient Technology in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Quotient Technology presently has an average rating of “Buy” and a consensus price target of $17.63.
Quotient Technology (NYSE:QUOT) last announced its earnings results on Tuesday, February 13th. The technology company reported $0.06 earnings per share (EPS) for the quarter. Quotient Technology had a negative return on equity of 3.02% and a negative net margin of 4.68%. The business had revenue of $93.09 million during the quarter, compared to analyst estimates of $92.48 million.
In related news, Chairman Steven R. Boal sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $13.20, for a total value of $660,000.00. Following the completion of the transaction, the chairman now owns 3,300,146 shares of the company’s stock, valued at $43,561,927.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven Michael Horowitz sold 56,300 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $13.18, for a total transaction of $742,034.00. The disclosure for this sale can be found here. Insiders own 11.46% of the company’s stock.
Large investors have recently modified their holdings of the stock. Spark Investment Management LLC bought a new position in Quotient Technology in the fourth quarter worth approximately $3,476,000. Senvest Management LLC increased its position in shares of Quotient Technology by 36.3% during the third quarter. Senvest Management LLC now owns 3,628,876 shares of the technology company’s stock worth $56,792,000 after purchasing an additional 966,309 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Quotient Technology by 59.0% during the third quarter. Wells Fargo & Company MN now owns 78,346 shares of the technology company’s stock worth $1,227,000 after purchasing an additional 29,085 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Quotient Technology by 7.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 344,170 shares of the technology company’s stock worth $5,387,000 after purchasing an additional 24,911 shares in the last quarter. Finally, OxFORD Asset Management LLP acquired a new position in shares of Quotient Technology during the third quarter worth $502,000. 74.75% of the stock is owned by institutional investors.
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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