Quotient Technology Inc. (QUOT) Downgraded to “Sell” at BidaskClub
Quotient Technology Inc. (NYSE:QUOT) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.
A number of other research firms also recently issued reports on QUOT. Bank of America Corporation upgraded shares of Quotient Technology from a “neutral” rating to a “buy” rating in a research report on Monday, April 17th. TheStreet downgraded shares of Quotient Technology from a “c” rating to a “d+” rating in a research report on Tuesday, May 2nd. Wedbush restated an “outperform” rating and issued a $16.00 price target on shares of Quotient Technology in a research report on Wednesday, May 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $17.00 price target on shares of Quotient Technology in a research report on Friday, April 21st. Finally, Maxim Group restated a “buy” rating and issued a $15.00 price target on shares of Quotient Technology in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. Quotient Technology presently has a consensus rating of “Buy” and an average target price of $15.50.
Quotient Technology (NYSE QUOT) traded up 1.79% on Friday, reaching $11.40. 213,057 shares of the company’s stock were exchanged. The firm’s market capitalization is $1.03 billion. Quotient Technology has a 1-year low of $9.10 and a 1-year high of $14.36. The stock’s 50 day moving average price is $11.40 and its 200 day moving average price is $11.06.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings results on Tuesday, May 2nd. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.02. Quotient Technology had a negative net margin of 4.95% and a negative return on equity of 3.74%. The company had revenue of $72.58 million for the quarter, compared to the consensus estimate of $71.95 million. On average, analysts expect that Quotient Technology will post $0.28 earnings per share for the current year.
In related news, CEO Steven R. Boal sold 17,095 shares of Quotient Technology stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $11.01, for a total value of $188,215.95. Following the sale, the chief executive officer now directly owns 1,231,728 shares in the company, valued at approximately $13,561,325.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Andrew J. Gessow acquired 4,618 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was purchased at an average price of $11.10 per share, for a total transaction of $51,259.80. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 393,095 shares of company stock worth $4,431,497. 11.99% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of QUOT. Airain ltd purchased a new stake in shares of Quotient Technology during the first quarter valued at $110,000. Koch Industries Inc. purchased a new stake in shares of Quotient Technology during the first quarter valued at $114,000. Principal Financial Group Inc. increased its stake in shares of 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 buying an additional 474 shares in the last quarter. Invictus RG purchased a new stake in shares of Quotient Technology during the first quarter valued at $135,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Quotient Technology during the first quarter valued at $137,000. Hedge funds and other institutional investors own 70.93% of the company’s stock.
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.
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