Quotient Technology Inc. (QUOT) Rating Increased to Hold at ValuEngine
Quotient Technology Inc. (NYSE:QUOT) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Friday.
Several other research analysts also recently issued reports on QUOT. Maxim Group set a $15.00 price objective on Quotient Technology and gave the stock a “buy” rating in a report on Thursday, May 25th. BidaskClub raised Quotient Technology from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Wedbush reaffirmed an “ourperform” rating and set a $16.00 price objective on shares of Quotient Technology in a report on Monday, July 31st. Finally, TheStreet raised Quotient Technology from a “d+” rating to a “c-” rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Quotient Technology has a consensus rating of “Buy” and an average price target of $15.57.
Shares of Quotient Technology (QUOT) opened at 14.85 on Friday. The firm’s 50-day moving average price is $13.25 and its 200 day moving average price is $11.66. Quotient Technology has a 52 week low of $9.10 and a 52 week high of $15.00. The company’s market cap is $1.37 billion.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings data on Tuesday, August 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. Quotient Technology had a negative return on equity of 2.92% and a negative net margin of 5.61%. The firm had revenue of $74.49 million for the quarter, compared to the consensus estimate of $73.72 million. During the same quarter in the prior year, the business earned ($0.04) EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, equities analysts predict that Quotient Technology will post $0.25 EPS for the current fiscal year.
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In other news, CEO Steven R. Boal sold 60,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $14.14, for a total value of $848,400.00. Following the transaction, the chief executive officer now owns 788,823 shares of the company’s stock, valued at approximately $11,153,957.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Steven R. Boal sold 160,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 968,823 shares in the company, valued at approximately $12,245,922.72. The disclosure for this sale can be found here. In the last three months, insiders sold 375,724 shares of company stock worth $4,679,346. 11.99% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its position in Quotient Technology by 595.8% in the second quarter. BNP Paribas Arbitrage SA now owns 9,449 shares of the technology company’s stock worth $109,000 after buying an additional 8,091 shares during the period. Airain ltd bought a new position in Quotient Technology during the first quarter worth $110,000. Koch Industries Inc. bought a new position in Quotient Technology during the first quarter worth $114,000. Principal Financial Group Inc. increased its position in Quotient Technology by 4.0% in the first quarter. Principal Financial Group Inc. now owns 12,385 shares of the technology company’s stock worth $118,000 after buying an additional 474 shares during the period. Finally, Stoneridge Investment Partners LLC bought a new position in Quotient Technology during the second quarter worth $125,000. 71.27% of the stock is currently owned by institutional investors.
About Quotient Technology
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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