Quotient Technology Inc. (QUOT) Given Average Recommendation of “Buy” by Brokerages
Shares of Quotient Technology Inc. (NYSE:QUOT) have been given a consensus recommendation of “Buy” by the thirteen analysts that are covering the firm. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.50.
QUOT has been the topic of a number of research reports. Zacks Investment Research cut shares of Quotient Technology from a “buy” rating to a “hold” rating in a report on Friday, October 28th. Loop Capital initiated coverage on shares of 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 upgraded shares of Quotient Technology from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $14.00 to $15.00 in a research note on Wednesday, November 2nd. Royal Bank Of Canada upgraded shares of Quotient Technology from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $14.00 to $15.00 in a research note on Wednesday, November 2nd. Finally, Wedbush upped their price target on shares of Quotient Technology from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd.
Shares of Quotient Technology (NYSE:QUOT) opened at 11.90 on Friday. Quotient Technology has a 12-month low of $5.00 and a 12-month high of $14.36. The firm has a 50-day moving average of $11.76 and a 200-day moving average of $12.43. The company’s market cap is $1.05 billion.
Quotient Technology (NYSE:QUOT) last announced its earnings results on Tuesday, November 1st. The company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.14. Quotient Technology had a negative net margin of 9.88% and a negative return on equity of 5.14%. The business had revenue of $66.47 million for the quarter, compared to the consensus estimate of $66.17 million. During the same quarter last year, the firm posted ($0.12) EPS. The business’s quarterly revenue was up 17.7% on a year-over-year basis. Analysts predict that Quotient Technology will post $0.08 EPS for the current year.
In related news, CEO Steven R. Boal sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $12.98, for a total transaction of $259,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,314,605 shares in the company, valued at approximately $17,063,572.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dawn G. Lepore sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $14.02, for a total value of $56,080.00. Following the transaction, the director now owns 129,197 shares of the company’s stock, valued at $1,811,341.94. The disclosure for this sale can be found here. Insiders own 11.99% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in QUOT. Teachers Advisors Inc. increased its position in shares of Quotient Technology by 67.0% in the first quarter. Teachers Advisors Inc. now owns 156,096 shares of the company’s stock worth $1,655,000 after buying an additional 62,638 shares during the period. Bayesian Capital Management LP bought a new position in shares of Quotient Technology during the first quarter worth about $171,000. Bank of New York Mellon Corp increased its position in shares of Quotient Technology by 18.7% in the second quarter. Bank of New York Mellon Corp now owns 292,619 shares of the company’s stock worth $3,924,000 after buying an additional 46,082 shares during the period. California State Teachers Retirement System increased its position in shares of Quotient Technology by 4.0% in the second quarter. California State Teachers Retirement System now owns 134,434 shares of the company’s stock worth $1,803,000 after buying an additional 5,128 shares during the period. Finally, Palisade Capital Management LLC NJ increased its position in shares of Quotient Technology by 100.0% in the second quarter. Palisade Capital Management LLC NJ now owns 123,000 shares of the company’s stock worth $1,649,000 after buying an additional 61,500 shares during the period. Institutional investors own 75.41% of the company’s stock.
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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