Quotient Technology (QUOT) Announces Earnings Results

Quotient Technology (NYSE:QUOT) issued its earnings results on Wednesday. The technology company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04), Briefing.com reports. The firm had revenue of $103.60 million during the quarter, compared to analysts’ expectations of $102.99 million. Quotient Technology had a negative net margin of 6.45% and a negative return on equity of 4.00%. The firm’s revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.12) EPS. 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 midday trading on Thursday, hitting $12.98. The stock had a trading volume of 1,483,000 shares, compared to its average volume of 441,032. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -101.00 and a beta of 0.17. The company has a quick ratio of 5.28, a current ratio of 5.28 and a debt-to-equity ratio of 0.39. Quotient Technology has a 1 year low of $10.35 and a 1 year high of $15.98.

QUOT has been the topic of several analyst reports. Royal Bank of Canada downgraded shares of Quotient Technology from an “outperform” rating to a “sector perform” rating in a report on Wednesday, August 1st. ValuEngine downgraded shares of Quotient Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, Zacks Investment Research downgraded shares of Quotient Technology from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Quotient Technology has a consensus rating of “Buy” and an average price target of $17.00.

In other news, insider Steven R. Boal sold 50,000 shares of Quotient Technology stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $13.98, for a total value of $699,000.00. Following the sale, the insider now owns 3,212,653 shares of the company’s stock, valued at $44,912,888.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 150,000 shares of company stock worth $2,127,500. Insiders own 9.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings in Quotient Technology by 12.4% during the second quarter. US Bancorp DE now owns 39,430 shares of the technology company’s stock worth $517,000 after buying an additional 4,348 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Quotient Technology by 39.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 16,978 shares of the technology company’s stock worth $222,000 after buying an additional 4,823 shares in the last quarter. OLD National Bancorp IN boosted its holdings in Quotient Technology by 47.3% during the third quarter. OLD National Bancorp IN now owns 16,105 shares of the technology company’s stock worth $250,000 after buying an additional 5,171 shares in the last quarter. Rhumbline Advisers boosted its holdings in Quotient Technology by 7.8% during the second quarter. Rhumbline Advisers now owns 76,446 shares of the technology company’s stock worth $1,001,000 after buying an additional 5,520 shares in the last quarter. Finally, ClariVest Asset Management LLC boosted its holdings in Quotient Technology by 11.2% during the second quarter. ClariVest Asset Management LLC now owns 65,300 shares of the technology company’s stock worth $855,000 after buying an additional 6,600 shares in the last quarter. 75.36% of the stock is currently owned by hedge funds and other institutional investors.

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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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