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Quotient Technology Inc. (NYSE: QUOT) Friday – The Stock Is Down -123.22% Since The Lows, What Comes Next?

Quotient Technology Inc. (NYSE:QUOT)’s traded shares stood at 1.32 million during the last session, with the company’s beta value hitting 0.99. At the close of trading, the stock’s price was $3.23, to imply an increase of 2.54% or $0.08 in intraday trading. The QUOT share’s 52-week high remains $7.21, putting it -123.22% down since that peak but still an impressive 47.99% since price per share fell to its 52-week low of $1.68. The company has a valuation of $313.28M, with an average of 0.76 million shares in intraday trading volume over the past 10 days and average of 514.38K shares over the past 3 months.

Analysts have given a consensus recommendation of a Hold for Quotient Technology Inc. (QUOT), translating to a mean rating of 3.00. Of 3 analyst(s) looking at the stock, 1 analyst(s) give QUOT a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.

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Quotient Technology Inc. (NYSE:QUOT) trade information

After registering a 2.54% upside in the last session, Quotient Technology Inc. (QUOT) has traded red over the past five days. The stock hit a weekly high of 3.26 this Friday, 03/17/23, jumping 2.54% in its intraday price action. The 5-day price performance for the stock is -1.82%, and -20.44% over 30 days. With these gigs, the year-to-date price performance is -5.83%. Short interest in Quotient Technology Inc. (NYSE:QUOT) saw shorts transact 1.33 million shares and set a 3.43 days time to cover.

Analysts on Wall Street suggest a consensus price target of $3.60, implying an increase of 10.28% to the stock’s current value. The extremes give us $2.80 and $5.00 for target low and target high price respectively. As such, QUOT has been trading -54.8% off suggested target high and 13.31% from its likely low.

Quotient Technology Inc. (QUOT) estimates and forecasts

Looking at statistics comparing Quotient Technology Inc. share performance against respective industry, we note that the company has outperformed competitors. Quotient Technology Inc. (QUOT) shares are 47.49% up over the last 6 months, with its year-to-date growth rate higher than industry average at 86.25% against 11.20%. The rating firms project that company’s revenue will shrink -42.50% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is $70.34 million. Meanwhile, for the quarter ending Dec 2022, a total of 2 analyst(s) estimate revenue growth to $83.66 million.Earnings reports from the last fiscal year show that sales brought in $135.88 million and $146.41 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -48.20% before dropping -42.90% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -16.00% for the past 5-year period. While 2023 is set for a 32.70% return in earnings, projections for the next 5 years are at 20.00% annually.

QUOT Dividends

Quotient Technology Inc. has its next earnings report out between May 02 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Quotient Technology Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Quotient Technology Inc. (NYSE:QUOT)’s Major holders

Quotient Technology Inc. insiders hold 9.32% of total outstanding shares, with institutional holders owning 78.07% of the shares at 86.09% float percentage. In total, 78.07% institutions holds shares in the company, led by Trigran Investments Inc. As of Sep 29, 2022, the company held over 6.73 million shares (or 6.96% of shares), all amounting to roughly $15.54 million.

The next major institution holding the largest number of shares is Engaged Capital, LLC with 6.11 million shares, or about 6.32% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $14.11 million.

We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Quotient Technology Inc. (QUOT) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 2.39 million shares. This is just over 2.48% of the total shares, with a market valuation of $5.53 million. Data from the same date shows that the other fund manager holds a little less at 2.1 million, or 2.18% of the shares, all valued at about 7.22 million.

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