Quotient Technology Inc. (QUOT) Given “Buy” Rating at Dougherty & Co
Quotient Technology Inc. (NYSE:QUOT)‘s stock had its “buy” rating reaffirmed by analysts at Dougherty & Co in a research report issued to clients and investors on Wednesday. They currently have a $20.00 price objective on the technology company’s stock, up from their previous price objective of $16.00. Dougherty & Co’s price target would suggest a potential upside of 17.99% from the company’s previous close.
A number of other equities analysts have also commented on the stock. DA Davidson initiated coverage on shares of Quotient Technology in a research report on Wednesday, September 13th. They set a “buy” rating and a $18.00 price target on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $17.00 price objective on shares of Quotient Technology in a report on Friday, September 1st. BidaskClub raised shares of Quotient Technology from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. TheStreet upgraded shares of Quotient Technology from a “d+” rating to a “c-” rating in a research report on Tuesday, August 1st. Finally, ValuEngine upgraded shares of Quotient Technology from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a hold rating, six have issued 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 target price of $16.57.
Shares of Quotient Technology (NYSE:QUOT) traded up 0.59% during mid-day trading on Wednesday, reaching $16.95. The company had a trading volume of 895,403 shares. Quotient Technology has a 12 month low of $9.10 and a 12 month high of $17.20. The firm’s 50-day moving average is $15.28 and its 200 day moving average is $12.30. The company’s market capitalization is $1.57 billion.
Quotient Technology (NYSE:QUOT) last announced its earnings results on Tuesday, August 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. The company had revenue of $74.49 million during the quarter, compared to analysts’ expectations of $73.72 million. Quotient Technology had a negative net margin of 5.61% and a negative return on equity of 2.92%. Quotient Technology’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) earnings per share. On average, equities research analysts predict that Quotient Technology will post $0.24 earnings per share for the current year.
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In other Quotient Technology news, Director David E. Siminoff sold 8,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $15.76, for a total value of $126,080.00. Following the sale, the director now owns 3,000 shares of the company’s stock, valued at approximately $47,280. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dawn G. Lepore sold 4,800 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $12.01, for a total value of $57,648.00. Following the completion of 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 603,724 shares of company stock worth $8,483,208 over the last quarter. Corporate insiders own 11.99% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace North America L.P. raised its holdings in shares of Quotient Technology by 1,172.4% during the 2nd quarter. Marshall Wace North America L.P. now owns 219,267 shares of the technology company’s stock worth $2,632,000 after buying an additional 202,034 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Quotient Technology during the 1st quarter worth $291,000. PNC Financial Services Group Inc. bought a new stake in shares of Quotient Technology during the 1st quarter worth $437,000. Loomis Sayles & Co. L P boosted its stake in Quotient Technology by 43.3% in the first quarter. Loomis Sayles & Co. L P now owns 1,286,861 shares of the technology company’s stock valued at $12,290,000 after buying an additional 388,871 shares in the last quarter. Finally, Senvest Management LLC acquired a new stake in Quotient Technology in the second quarter valued at about $30,620,000. Institutional investors own 71.27% of the company’s stock.
About Quotient Technology
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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