Quotient Technology Inc. (QUOT) Given Average Recommendation of “Buy” by Analysts
Quotient Technology Inc. (NYSE:QUOT) has received a consensus recommendation of “Buy” from the eleven brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $16.17.
Several research analysts recently issued reports on the stock. BidaskClub raised shares of Quotient Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday. DA Davidson assumed coverage on shares of Quotient Technology in a research report on Wednesday. They issued a “buy” rating and a $18.00 price target for the company. Royal Bank Of Canada reissued a “buy” rating and issued a $17.00 price target on shares of Quotient Technology in a research report on Friday, September 1st. ValuEngine raised shares of Quotient Technology from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, TheStreet raised shares of Quotient Technology from a “d+” rating to a “c-” rating in a research report on Tuesday, August 1st.
In other Quotient Technology news, CEO Steven R. Boal sold 40,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $11.38, for a total transaction of $455,200.00. Following the sale, the chief executive officer now directly owns 1,048,823 shares of the company’s stock, valued at $11,935,605.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dawn G. Lepore sold 4,800 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $12.01, for a total transaction of $57,648.00. Following the sale, the director now directly owns 100,797 shares in the company, valued at $1,210,571.97. The disclosure for this sale can be found here. Insiders have sold 563,724 shares of company stock worth $7,622,888 over the last ninety days. Insiders own 11.99% of the company’s stock.
A number of institutional investors have recently modified their holdings of QUOT. BNP Paribas Arbitrage SA grew its stake in Quotient Technology by 595.8% during the second quarter. BNP Paribas Arbitrage SA now owns 9,449 shares of the technology company’s stock worth $109,000 after buying an additional 8,091 shares during the last quarter. Airain ltd bought a new stake in Quotient Technology during the first quarter worth about $110,000. Koch Industries Inc. bought a new stake in Quotient Technology during the first quarter worth about $114,000. Principal Financial Group Inc. grew its stake in Quotient Technology by 4.0% during the first quarter. Principal Financial Group Inc. now owns 12,385 shares of the technology company’s stock worth $118,000 after buying an additional 474 shares during the last quarter. Finally, Stoneridge Investment Partners LLC bought a new stake in Quotient Technology during the second quarter worth about $125,000. 71.27% of the stock is currently owned by hedge funds and other institutional investors.
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Quotient Technology (NYSE:QUOT) opened at 16.45 on Friday. The firm has a 50-day moving average price of $14.28 and a 200-day moving average price of $11.85. The firm’s market capitalization is $1.52 billion. Quotient Technology has a 52 week low of $9.10 and a 52 week high of $16.48.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings results on Tuesday, August 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. Quotient Technology had a negative net margin of 5.61% and a negative return on equity of 2.92%. The firm had revenue of $74.49 million during the quarter, compared to analyst estimates of $73.72 million. During the same quarter in the prior year, the business posted ($0.04) earnings per share. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities analysts forecast that Quotient Technology will post $0.24 EPS for the current year.
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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