Quotient Technology Inc. (NYSE:QUOT) Given Consensus Recommendation of “Buy” by Analysts
Shares of Quotient Technology Inc. (NYSE:QUOT) have earned an average recommendation of “Buy” from the thirteen ratings firms that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $14.00.
A number of brokerages recently issued reports on QUOT. Boenning Scattergood reiterated a “buy” rating and set a $15.00 price objective on shares of Quotient Technology in a research note on Friday, September 30th. TheStreet downgraded Quotient Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Maxim Group began coverage on Quotient Technology in a research note on Thursday, June 16th. They set a “hold” rating for the company. Dougherty & Co upgraded Quotient Technology from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, September 14th. Finally, RBC Capital Markets reiterated a “hold” rating on shares of Quotient Technology in a research note on Wednesday, August 3rd.
In related news, Director Dawn G. Lepore sold 4,000 shares of the stock in a transaction 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 sale, the director now owns 129,197 shares in the company, valued at approximately $1,811,341.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Connie Chen sold 3,464 shares of the stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $13.27, for a total value of $45,967.28. Following the sale, the insider now owns 12,989 shares in the company, valued at approximately $172,364.03. The disclosure for this sale can be found here. Insiders own 11.99% of the company’s stock.
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Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised 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 valued at $107,000 after buying an additional 1,999 shares during the last quarter. Teacher Retirement System of Texas raised 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 valued at $133,000 after buying an additional 2,747 shares during the last quarter. Zacks Investment Management bought a new stake in Quotient Technology during the second quarter valued at $166,000. Bayesian Capital Management LP bought a new stake in Quotient Technology during the first quarter valued at $171,000. Finally, Parametric Portfolio Associates LLC bought a new stake in Quotient Technology during the second quarter valued at $174,000. Institutional investors own 74.62% of the company’s stock.
Quotient Technology (NYSE:QUOT) traded down 1.45% on Friday, hitting $12.21. 106,524 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $13.25 and a 200-day moving average price of $12.29. Quotient Technology has a 12 month low of $5.00 and a 12 month high of $14.36. The stock’s market cap is $1.02 billion.
Quotient Technology (NYSE:QUOT) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.03. The company had revenue of $67.20 million for the quarter, compared to the consensus estimate of $63.52 million. Quotient Technology had a negative net margin of 9.68% and a negative return on equity of 7.52%. The company’s revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.11) earnings per share. Equities analysts predict that Quotient Technology will post $0.07 earnings per share 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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