Zacks Investment Research Upgrades Quotient Technology Inc. (QUOT) to “Buy”
Quotient Technology Inc. (NYSE:QUOT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $13.00 price objective on the stock. Zacks Investment Research’s target price indicates a potential upside of 8.97% from the company’s current price.
According to Zacks, “Quotient Technology Inc. provides digital promotion and media platform which connects brands, retailers and consumers. It offers digital coupons, including coupon codes and media and advertising through its platform which includes Web, mobile and social channels as well as consumer packaged goods companies, retailers and publishers. Quotient Technology Inc., formerly known as Coupons.com, is headquartered in Mountain View, California. “
A number of other equities research analysts also recently weighed in on QUOT. Wedbush lifted their target price on Quotient Technology from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Bank of America Corp. set a $15.00 target price on Quotient Technology and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. RBC Capital Markets reissued a “hold” rating on shares of Quotient Technology in a research report on Wednesday, August 3rd. Loop Capital started coverage on shares of Quotient Technology in a research note on Wednesday, August 10th. They set a “buy” rating and a $16.00 price target for the company. Finally, TheStreet cut shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.78.
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Quotient Technology (NYSE:QUOT) opened at 11.93 on Wednesday. The company has a 50-day moving average price of $12.88 and a 200-day moving average price of $12.41. Quotient Technology has a one year low of $5.00 and a one year high of $14.36. The company’s market capitalization is $1.00 billion.
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 analysts’ consensus estimates of ($0.01) by $0.03. Quotient Technology had a negative return on equity of 7.52% and a negative net margin of 9.68%. The firm had revenue of $67.20 million for the quarter, compared to analyst estimates of $63.52 million. During the same period last year, the business earned ($0.11) earnings per share. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. Equities research analysts anticipate that Quotient Technology will post $0.07 EPS for the current year.
In related news, Director Dawn G. Lepore sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $14.02, for a total value of $56,080.00. Following the completion of the transaction, the director now owns 129,197 shares in the company, valued at approximately $1,811,341.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven R. Boal sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $12.67, for a total transaction of $253,400.00. Following the completion of the transaction, the chief executive officer now owns 1,334,605 shares of the company’s stock, valued at approximately $16,909,445.35. The disclosure for this sale can be found here. 11.99% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bayesian Capital Management LP bought a new position in Quotient Technology during the first quarter valued at $171,000. Fuller & Thaler Asset Management Inc. bought a new position in Quotient Technology during the second quarter valued at $5,316,000. Gerstein Fisher bought a new position in Quotient Technology during the second quarter valued at $836,000. Teachers Advisors Inc. boosted its position in Quotient Technology by 67.0% in the first quarter. Teachers Advisors Inc. now owns 156,096 shares of the company’s stock valued at $1,655,000 after buying an additional 62,638 shares during the period. Finally, Suntrust Banks Inc. bought a new position in Quotient Technology during the second quarter valued at $256,000. Hedge funds and other institutional investors own 74.62% of the company’s stock.
About Quotient Technology
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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