Quotient Technology Inc (QUOT) Receives Average Rating of “Hold” from Analysts

Shares of Quotient Technology Inc (NYSE:QUOT) have been given a consensus rating of “Hold” by the eleven research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $18.14.

QUOT has been the topic of a number of recent analyst reports. BidaskClub downgraded Quotient Technology from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Bank of America reissued a “neutral” rating and set a $20.00 price target (up previously from $15.00) on shares of Quotient Technology in a research report on Tuesday, October 10th. Dougherty & Co reissued a “buy” rating and set a $20.00 price target (up previously from $16.00) on shares of Quotient Technology in a research report on Wednesday, October 4th. First Analysis initiated coverage on Quotient Technology in a research report on Monday, October 9th. They set an “overweight” rating and a $21.00 price target on the stock. Finally, ValuEngine downgraded Quotient Technology from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th.

Shares of Quotient Technology (NYSE QUOT) opened at $11.80 on Friday. The stock has a market capitalization of $1,090.00, a PE ratio of -69.41, a P/E/G ratio of 5.12 and a beta of -0.13. Quotient Technology has a 12-month low of $9.10 and a 12-month high of $17.85.

Quotient Technology (NYSE:QUOT) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). The business had revenue of $81.95 million for the quarter, compared to analyst estimates of $83.24 million. Quotient Technology had a negative return on equity of 4.96% and a negative net margin of 5.17%. Quotient Technology’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.13) EPS. equities research analysts predict that Quotient Technology will post -0.22 earnings per share for the current fiscal year.

In related news, Director David E. Siminoff sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $15.52, for a total value of $124,160.00. Following the completion of the sale, the director now directly owns 3,000 shares in the company, valued at $46,560. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Andrew J. Gessow purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average price of $12.25 per share, with a total value of $61,250.00. The disclosure for this purchase can be found here. Insiders own 11.46% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its stake in shares of 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 buying an additional 8,091 shares during the period. Wedbush Securities Inc. bought a new stake in shares of Quotient Technology in the third quarter valued at approximately $160,000. Principal Financial Group Inc. boosted its stake in shares of Quotient Technology by 15.3% in the second quarter. Principal Financial Group Inc. now owns 14,274 shares of the technology company’s stock valued at $164,000 after buying an additional 1,889 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Quotient Technology by 116.7% in the third quarter. Great West Life Assurance Co. Can now owns 11,269 shares of the technology company’s stock valued at $175,000 after buying an additional 6,069 shares during the period. Finally, Balyasny Asset Management LLC bought a new stake in shares of Quotient Technology in the second quarter valued at approximately $184,000. Institutional investors and hedge funds own 72.24% of the company’s stock.

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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.

Analyst Recommendations for Quotient Technology (NYSE:QUOT)

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