Quotient Technology Inc. (QUOT) Given Average Rating of “Buy” by Analysts
Shares of Quotient Technology Inc. (NYSE:QUOT) have been assigned an average recommendation of “Buy” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $17.88.
A number of equities research analysts have issued reports on the company. Bank of America Corporation reiterated a “neutral” rating and issued a $20.00 price target (up previously from $15.00) on shares of Quotient Technology in a research note on Tuesday. BidaskClub lowered Quotient Technology from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Royal Bank Of Canada reiterated a “buy” rating and issued a $17.00 price target on shares of Quotient Technology in a research note on Friday, September 1st. DA Davidson assumed coverage on Quotient Technology in a research note on Wednesday, September 13th. They issued a “buy” rating and a $18.00 price target for the company. Finally, Wedbush reiterated an “ourperform” rating and issued a $16.00 price target on shares of Quotient Technology in a research note on Monday, July 31st.
In other news, insider Steven R. Boal sold 411,799 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $16.78, for a total transaction of $6,909,987.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Steven R. Boal sold 40,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $11.71, for a total value of $468,400.00. Following the transaction, the chief executive officer now owns 1,008,823 shares of the company’s stock, valued at approximately $11,813,317.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,095,523 shares of company stock valued at $16,668,395. Company insiders own 11.99% of the company’s stock.
Several institutional investors have recently modified their holdings of QUOT. Nationwide Fund Advisors grew its position in shares of Quotient Technology by 4.0% during the first quarter. Nationwide Fund Advisors now owns 75,761 shares of the technology company’s stock valued at $724,000 after purchasing an additional 2,940 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Quotient Technology by 1.6% during the first 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 in the last quarter. Swiss National Bank grew its position in shares of Quotient Technology by 4.3% during the first quarter. Swiss National Bank now owns 116,100 shares of the technology company’s stock valued at $1,109,000 after purchasing an additional 4,800 shares in the last quarter. TD Asset Management Inc. grew its position in shares of Quotient Technology by 26.1% during the first quarter. TD Asset Management Inc. now owns 35,298 shares of the technology company’s stock valued at $337,000 after purchasing an additional 7,300 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Quotient Technology by 7.9% during the first quarter. Parametric Portfolio Associates LLC now owns 16,005 shares of the technology company’s stock valued at $153,000 after purchasing an additional 1,168 shares in the last quarter. Hedge funds and other institutional investors own 71.27% of the company’s stock.
Shares of Quotient Technology (NYSE:QUOT) opened at 17.50 on Wednesday. Quotient Technology has a 1-year low of $9.10 and a 1-year high of $17.55. The company’s market cap is $1.62 billion. The company’s 50-day moving average price is $15.69 and its 200 day moving average price is $12.55.
Quotient Technology (NYSE:QUOT) last issued its quarterly earnings results on Tuesday, August 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. Quotient Technology had a negative return on equity of 2.92% and a negative net margin of 5.61%. The business 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) EPS. Quotient Technology’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts predict that Quotient Technology will post $0.24 earnings per share for the current fiscal 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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