Zacks Investment Research Upgrades Quotient Technology Inc. (QUOT) to “Buy”
Quotient Technology Inc. (NYSE:QUOT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $13.00 target price on the stock. Zacks Investment Research’s price objective points to a potential upside of 8.97% from the stock’s previous close.
According to Zacks, “Quotient Technology Inc. provides digital promotion and media platform which connects brands, retailers and consumers. It offers digital coupons, including coupon codes and media and advertising through its platform which includes Web, mobile and social channels as well as consumer packaged goods companies, retailers and publishers. Quotient Technology Inc., formerly known as Coupons.com, is headquartered in Mountain View, California. “
Several other research firms have also recently commented on QUOT. Boenning Scattergood assumed coverage on Quotient Technology in a research note on Thursday, September 29th. They issued an “outperform” rating on the stock. TheStreet cut Quotient Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Loop Capital assumed 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. RBC Capital Markets reiterated a “hold” rating on shares of Quotient Technology in a research note on Wednesday, August 3rd. Finally, Bank of America Corp. set a $15.00 price target on Quotient Technology and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.78.
Quotient Technology (NYSE:QUOT) opened at 11.93 on Wednesday. The stock’s market capitalization is $1.00 billion. Quotient Technology has a 52 week low of $5.00 and a 52 week high of $14.36. The firm has a 50 day moving average price of $12.88 and a 200 day moving average price of $12.41.
Quotient Technology (NYSE:QUOT) last released its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. Quotient Technology had a negative return on equity of 7.52% and a negative net margin of 9.68%. The business earned $67.20 million during the quarter, compared to analyst estimates of $63.52 million. During the same quarter last year, the firm posted ($0.11) EPS. The company’s revenue was up 20.2% compared to the same quarter last year. Equities research analysts predict that Quotient Technology will post $0.07 earnings per share for the current year.
In related news, insider Connie Chen sold 3,464 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $13.27, for a total value of $45,967.28. Following the completion of the transaction, the insider now directly owns 12,989 shares of the company’s stock, valued at approximately $172,364.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder John Howard Burbank III sold 500,000 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $13.24, for a total value of $6,620,000.00. The disclosure for this sale can be found here. Insiders own 11.99% of the company’s stock.
A number of institutional investors have recently modified their holdings of QUOT. Teacher Retirement System of Texas raised its position in shares of Quotient Technology by 38.4% in the second quarter. Teacher Retirement System of Texas now owns 9,892 shares of the company’s stock worth $133,000 after buying an additional 2,747 shares during the period. Zacks Investment Management acquired a new position in shares of Quotient Technology during the second quarter worth about $166,000. Bayesian Capital Management LP acquired a new position in shares of Quotient Technology during the first quarter worth about $171,000. Parametric Portfolio Associates LLC acquired a new position in shares of Quotient Technology during the second quarter worth about $174,000. Finally, Suntrust Banks Inc. acquired a new position in shares of Quotient Technology during the second quarter worth about $256,000. 74.62% of the stock is owned by institutional investors and hedge funds.
About Quotient Technology
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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