Quotient Technology Inc. (NYSE:QUOT) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

A number of other research analysts also recently weighed in on QUOT. DA Davidson assumed coverage on Quotient Technology in a research note on Wednesday. They issued a “buy” rating and a $18.00 price target on the stock. TheStreet raised Quotient Technology from a “d+” rating to a “c-” rating in a research note on Tuesday, August 1st. Wedbush reissued an “ourperform” rating and issued a $16.00 price target on shares of Quotient Technology in a research note on Monday, July 31st. ValuEngine raised Quotient Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $17.00 price target on shares of Quotient Technology in a research note on Friday, September 1st. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $15.86.

Shares of Quotient Technology (NYSE QUOT) traded up 1.86% during midday trading on Friday, hitting $16.45. The stock had a trading volume of 1,260,254 shares. Quotient Technology has a 52 week low of $9.10 and a 52 week high of $16.48. The stock’s market capitalization is $1.52 billion. The stock has a 50 day moving average price of $14.28 and a 200-day moving average price of $11.85.

Quotient Technology (NYSE:QUOT) last posted its quarterly earnings results on Tuesday, August 1st. The technology company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. The company had revenue of $74.49 million for the quarter, compared to the consensus estimate of $73.72 million. Quotient Technology had a negative return on equity of 2.92% and a negative net margin of 5.61%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) EPS. Equities research analysts anticipate that Quotient Technology will post $0.24 earnings per share for the current year.

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In related news, CEO Steven R. Boal sold 40,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $11.38, for a total transaction of $455,200.00. Following the sale, the chief executive officer now owns 1,048,823 shares of the company’s stock, valued at approximately $11,935,605.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dawn G. Lepore sold 4,800 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $12.01, for a total value of $57,648.00. Following the sale, the director now directly owns 100,797 shares in the company, valued at approximately $1,210,571.97. The disclosure for this sale can be found here. Insiders have sold a total of 563,724 shares of company stock worth $7,622,888 in the last ninety days. 11.99% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in Quotient Technology by 0.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 20,203 shares of the technology company’s stock worth $193,000 after buying an additional 63 shares during the period. Principal Financial Group Inc. raised its stake in shares of Quotient Technology by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 12,385 shares of the technology company’s stock valued at $118,000 after purchasing an additional 474 shares during the period. Wrapmanager Inc. raised its stake in shares of Quotient Technology by 3.8% in the 2nd quarter. Wrapmanager Inc. now owns 16,838 shares of the technology company’s stock valued at $194,000 after purchasing an additional 609 shares during the period. Wells Fargo & Company MN raised its stake in shares of Quotient Technology by 1.6% in the 1st quarter. Wells Fargo & Company MN now owns 49,331 shares of the technology company’s stock valued at $472,000 after purchasing an additional 763 shares during the period. Finally, Suntrust Banks Inc. raised its stake in shares of Quotient Technology by 3.5% in the 1st quarter. Suntrust Banks Inc. now owns 26,510 shares of the technology company’s stock valued at $252,000 after purchasing an additional 898 shares during the period. 71.27% of the stock is currently owned by institutional investors and hedge funds.

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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