Quotient Technology Inc. (QUOT) Now Covered by Analysts at Boenning Scattergood
Analysts at Boenning Scattergood started coverage on shares of Quotient Technology Inc. (NYSE:QUOT) in a research note issued on Thursday. The firm set an “outperform” rating on the stock.
QUOT has been the topic of a number of other reports. TheStreet lowered Quotient Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Zacks Investment Research lowered Quotient Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th. Dougherty & Co initiated coverage on Quotient Technology in a research note on Wednesday, June 15th. They issued a “neutral” rating on the stock. Maxim Group initiated coverage on Quotient Technology in a research note on Thursday, June 16th. They issued a “hold” rating on the stock. Finally, Loop Capital initiated coverage on Quotient Technology in a research note on Wednesday, August 10th. They issued a “buy” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $13.88.
Shares of Quotient Technology (NYSE:QUOT) opened at 13.70 on Thursday. The stock’s market cap is $1.15 billion. The firm has a 50-day moving average price of $13.37 and a 200-day moving average price of $12.14. Quotient Technology has a 1-year low of $5.00 and a 1-year high of $14.36.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.03. The business earned $67.20 million during the quarter, compared to analysts’ expectations of $63.52 million. Quotient Technology had a negative net margin of 9.68% and a negative return on equity of 7.52%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.11) earnings per share. Equities analysts forecast that Quotient Technology will post $0.07 EPS for the current year.
In other Quotient Technology news, Director Dawn G. Lepore sold 4,000 shares of Quotient Technology stock in a transaction on Monday, September 12th. The stock was sold at an average price of $12.97, for a total value of $51,880.00. Following the sale, the director now owns 125,197 shares in the company, valued at $1,623,805.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven R. Boal sold 20,000 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $13.55, for a total value of $271,000.00. Following the completion of the sale, the chief executive officer now owns 1,354,605 shares in the company, valued at approximately $18,354,897.75. The disclosure for this sale can be found here. 11.99% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Legal & General Group Plc increased its stake in Quotient Technology by 25.0% in the first quarter. Legal & General Group Plc now owns 10,010 shares of the company’s stock valued at $107,000 after buying an additional 1,999 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Quotient Technology by 38.4% in the second quarter. Teacher Retirement System of Texas now owns 9,892 shares of the company’s stock valued at $133,000 after buying an additional 2,747 shares in the last quarter. Zacks Investment Management purchased a new stake in Quotient Technology during the second quarter valued at about $166,000. Bayesian Capital Management LP purchased a new stake in Quotient Technology during the first quarter valued at about $171,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in Quotient Technology during the second quarter valued at about $174,000. Hedge funds and other institutional investors own 74.62% of the company’s stock.
Quotient Technology Company Profile
Quotient Technology Inc, formerly Coupons.com Incorporated, is a provider of digital promotions and media solutions. The Company connects consumer packaged goods (CPG) brands and retailers with shoppers by offering digital promotions and media to shoppers through mobile, Web and social channels. The Company’s platform is used by brands, as well as retailers in the grocery, drug, dollar, club and mass merchandise channels to engage shoppers at the critical moments when they are choosing what products to buy and where to shop.
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