Quotient Technology Inc. (NYSE:QUOT) Receives $14.00 Consensus Target Price from Brokerages
Shares of Quotient Technology Inc. (NYSE:QUOT) have received a consensus rating of “Buy” from the thirteen brokerages that are covering the firm. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $14.00.
A number of research analysts have commented on QUOT shares. Zacks Investment Research raised Quotient Technology from a “hold” rating to a “strong-buy” rating and set a $15.00 price target for the company in a research report on Tuesday, August 9th. Loop Capital started coverage on Quotient Technology in a research report on Wednesday, August 10th. They set a “buy” rating and a $16.00 price target for the company. Boenning Scattergood started coverage on Quotient Technology in a research report on Thursday, September 29th. They set an “outperform” rating for the company. Wedbush upped their price target on Quotient Technology from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, August 3rd. Finally, Dougherty & Co started coverage on Quotient Technology in a research report on Wednesday, June 15th. They set a “neutral” rating for the company.
In other Quotient Technology news, insider Connie Chen sold 3,464 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $13.27, for a total transaction of $45,967.28. Following the sale, the insider now directly owns 12,989 shares in the company, valued at approximately $172,364.03. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Steven R. Boal sold 20,000 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $12.67, for a total value of $253,400.00. Following the sale, the chief executive officer now owns 1,334,605 shares in the company, valued at $16,909,445.35. The disclosure for this sale can be found here. 11.99% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of QUOT. Gerstein Fisher acquired a new stake in shares of Quotient Technology during the second quarter valued at approximately $836,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Quotient Technology during the second quarter valued at approximately $5,316,000. State Board of Administration of Florida Retirement System increased its stake in shares of Quotient Technology by 12.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 42,145 shares of the company’s stock valued at $565,000 after buying an additional 4,724 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Quotient Technology during the second quarter valued at approximately $809,000. Finally, Swiss National Bank increased its stake in shares of Quotient Technology by 34.9% in the second quarter. Swiss National Bank now owns 126,400 shares of the company’s stock valued at $1,695,000 after buying an additional 32,700 shares in the last quarter. Institutional investors and hedge funds own 74.62% of the company’s stock.
Shares of Quotient Technology (NYSE:QUOT) opened at 12.08 on Friday. The firm has a 50-day moving average price of $13.20 and a 200 day moving average price of $12.30. Quotient Technology has a 1-year low of $5.00 and a 1-year high of $14.36. The company’s market cap is $1.01 billion.
Quotient Technology (NYSE:QUOT) last released its earnings results on Tuesday, August 2nd. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.03. The company earned $67.20 million during the quarter, compared to the consensus estimate of $63.52 million. Quotient Technology had a negative net margin of 9.68% and a negative return on equity of 7.52%. The company’s revenue was up 20.2% on a year-over-year basis. During the same period last year, the firm posted ($0.11) EPS. On average, equities analysts anticipate that Quotient Technology will post $0.07 earnings per share for the current year.
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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