Shares of Quotient Technology Inc. (NYSE:QUOT) have been given an average recommendation of “Buy” by the thirteen analysts that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $14.00.
A number of equities research analysts recently weighed in on QUOT shares. Boenning Scattergood reaffirmed a “buy” rating and set a $15.00 price objective on shares of Quotient Technology in a research report on Friday, September 30th. Dougherty & Co raised shares of Quotient Technology from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, September 14th. TheStreet downgraded shares of Quotient Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Loop Capital started coverage on shares of Quotient Technology in a research report on Wednesday, August 10th. They set a “buy” rating and a $16.00 price objective for the company. Finally, Zacks Investment Research raised shares of Quotient Technology from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, August 9th.
In other news, CEO Steven R. Boal sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $13.26, for a total value of $265,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,294,605 shares of the company’s stock, valued at approximately $17,166,462.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dawn G. Lepore sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $14.02, for a total transaction of $56,080.00. Following the completion of the sale, the director now directly owns 129,197 shares of the company’s stock, valued at $1,811,341.94. The disclosure for this sale can be found here. Company insiders own 11.99% of the company’s stock.
Several hedge funds have recently modified their holdings of QUOT. Legal & General Group Plc increased its stake in Quotient Technology by 25.0% in the first quarter. Legal & General Group Plc now owns 10,010 shares of the company’s stock worth $107,000 after buying an additional 1,999 shares during the last quarter. Teacher Retirement System of Texas increased its stake in 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 last quarter. Zacks Investment Management acquired a new stake in Quotient Technology during the second quarter worth approximately $166,000. Bayesian Capital Management LP acquired a new stake in Quotient Technology during the first quarter worth approximately $171,000. Finally, Parametric Portfolio Associates LLC acquired a new stake in Quotient Technology during the second quarter worth approximately $174,000. 74.62% of the stock is owned by institutional investors.
Shares of Quotient Technology (NYSE:QUOT) opened at 11.85 on Friday. Quotient Technology has a 12 month low of $5.00 and a 12 month high of $14.36. The firm’s market cap is $994.67 million. The company has a 50-day moving average of $13.10 and a 200-day moving average of $12.35.
Quotient Technology (NYSE:QUOT) last released its earnings results on Tuesday, August 2nd. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The company earned $67.20 million during the quarter, compared to the consensus estimate of $63.52 million. Quotient Technology had a negative return on equity of 7.52% and a negative net margin of 9.68%. Quotient Technology’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.11) EPS. Equities analysts forecast that Quotient Technology will post $0.07 EPS for the current fiscal year.
Quotient Technology Company Profile
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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