Quotient Technology Inc (QUOT) Receives “Buy” Rating from Dougherty & Co
Dougherty & Co reaffirmed their buy rating on shares of Quotient Technology Inc (NYSE:QUOT) in a research report released on Wednesday. They currently have a $20.00 target price on the technology company’s stock, up from their previous target price of $16.00.
A number of other brokerages have also commented on QUOT. BidaskClub upgraded Quotient Technology from a hold rating to a buy rating in a research note on Saturday, August 26th. ValuEngine upgraded Quotient Technology from a sell rating to a hold rating in a research note on Friday, September 1st. TheStreet upgraded Quotient Technology from a d+ rating to a c- rating in a research note on Tuesday, August 1st. Wedbush restated an ourperform rating and issued a $16.00 target price on shares of Quotient Technology in a research note on Monday, July 31st. Finally, DA Davidson initiated coverage on Quotient Technology in a research note on Wednesday, September 13th. They issued a buy rating and a $18.00 target price for the company. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $17.00.
Quotient Technology (NYSE:QUOT) traded up 1.327% during trading on Wednesday, reaching $17.175. 474,688 shares of the company’s stock were exchanged. Quotient Technology has a 52-week low of $9.10 and a 52-week high of $17.25. The stock’s 50-day moving average price is $15.36 and its 200-day moving average price is $12.33. The company’s market capitalization is $1.59 billion.
Quotient Technology (NYSE:QUOT) last issued its earnings results on Tuesday, August 1st. The technology company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $74.49 million during the quarter, compared to analyst estimates of $73.72 million. Quotient Technology had a negative return on equity of 7.07% and a negative net margin of 7.73%. Quotient Technology’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.04) earnings per share. Equities analysts expect that Quotient Technology will post $0.24 earnings per share for the current year.
In other Quotient Technology news, Director David E. Siminoff sold 8,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $11.54, for a total value of $92,320.00. Following the sale, the director now directly owns 3,000 shares in the company, valued at $34,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven R. Boal sold 80,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $16.01, for a total value of $1,280,800.00. Following the completion of the sale, the insider now owns 488,823 shares in the company, valued at $7,826,056.23. The disclosure for this sale can be found here. Insiders sold 1,095,523 shares of company stock worth $16,668,395 over the last quarter. Company insiders own 11.99% of the company’s stock.
Large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew 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 valued at $109,000 after acquiring an additional 8,091 shares during the period. Koch Industries Inc. bought a new stake in Quotient Technology in the first quarter valued at $114,000. Principal Financial Group Inc. grew 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 valued at $118,000 after acquiring an additional 474 shares during the period. Stoneridge Investment Partners LLC bought a new stake in Quotient Technology in the second quarter valued at $125,000. Finally, Invictus RG bought a new stake in Quotient Technology in the first quarter valued at $135,000. Hedge funds and other institutional investors own 71.27% of the company’s stock.
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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