Quotient Technology (NYSE:QUOT) Receiving Somewhat Favorable News Coverage, Study Shows
Media coverage about Quotient Technology (NYSE:QUOT) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Quotient Technology earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Form 3 Quotient Technology Inc. For: Jul 31 Filed by: OPPENHEIMER DAVID S (streetinsider.com)
- Quotient Technology Inc. 2017 Q2 – Results – Earnings Call Slides (seekingalpha.com)
- Quotient Technology Q2 revenue $74.5 mln versus I/B/E/S view $73.7 mln (timesofindia.indiatimes.com)
- Quotient Technology Inc. (QUOT) Releases Earnings Results (americanbankingnews.com)
- Quotient Technology Inc. Reports Second Quarter 2017 Financial Results, Names Mir Aamir CEO, Steven Boal Executive Chairman (finance.yahoo.com)
Shares of Quotient Technology (NYSE:QUOT) traded up 1.52% during midday trading on Thursday, hitting $13.35. 551,129 shares of the stock traded hands. The stock has a 50 day moving average of $11.59 and a 200 day moving average of $11.13. Quotient Technology has a 1-year low of $9.10 and a 1-year high of $14.36. The company’s market capitalization is $1.21 billion.
Quotient Technology (NYSE:QUOT) last released its earnings results on Tuesday, August 1st. The technology company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. The company had revenue of $74.49 million during the quarter, compared to analysts’ expectations of $73.72 million. Quotient Technology had a negative return on equity of 2.99% and a negative net margin of 5.61%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) EPS. Equities research analysts predict that Quotient Technology will post $0.28 earnings per share for the current fiscal year.
Quotient Technology declared that its board has approved a share buyback plan on Tuesday, May 2nd that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the technology company to buy up to 4.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
A number of equities analysts have recently commented on QUOT shares. Bank of America Corporation raised shares of Quotient Technology from a “neutral” rating to a “buy” rating in a research report on Monday, April 17th. TheStreet lowered shares of Quotient Technology from a “c” rating to a “d+” rating in a research report on Tuesday, May 2nd. Wedbush reaffirmed an “outperform” rating and set a $16.00 target price on shares of Quotient Technology in a research report on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $17.00 target price on shares of Quotient Technology in a research report on Friday, April 21st. Finally, Maxim Group reaffirmed a “buy” rating and set a $15.00 target price on shares of Quotient Technology in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $15.50.
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In related news, Director Dawn G. Lepore sold 14,924 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $12.92, for a total transaction of $192,818.08. Following the completion of the transaction, the director now owns 85,873 shares of the company’s stock, valued at approximately $1,109,479.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Steven R. Boal sold 160,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $12.64, for a total value of $2,022,400.00. Following the transaction, the chief executive officer now directly owns 968,823 shares of the company’s stock, valued at approximately $12,245,922.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 507,724 shares of company stock valued at $5,994,432. 11.99% of the stock is currently owned by company insiders.
Quotient Technology Company Profile
Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.
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