Quotient Technology Inc. (QUOT) Given Consensus Recommendation of “Buy” by Brokerages
Quotient Technology Inc. (NYSE:QUOT) has been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $17.88.
A number of research analysts have recently issued reports on QUOT shares. BidaskClub cut shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $17.00 target price on shares of Quotient Technology in a research note on Friday, September 1st. DA Davidson started coverage on shares of Quotient Technology in a research note on Wednesday, September 13th. They issued a “buy” rating and a $18.00 target price for the company. Bank of America Corporation reiterated a “neutral” rating and issued a $20.00 target price (up previously from $15.00) on shares of Quotient Technology in a research note on Tuesday, October 10th. Finally, Dougherty & Co reiterated a “buy” rating and issued a $20.00 target price (up previously from $16.00) on shares of Quotient Technology in a research note on Wednesday, October 4th.
In related news, Director David E. Siminoff sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $14.75, for a total value of $118,000.00. Following the completion of the sale, the director now owns 3,000 shares of the company’s stock, valued at $44,250. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Steven R. Boal sold 411,799 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $16.78, for a total transaction of $6,909,987.22. The disclosure for this sale can be found here. In the last three months, insiders sold 1,234,783 shares of company stock valued at $20,051,533. 11.99% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its holdings in shares of Quotient Technology by 595.8% in the second quarter. BNP Paribas Arbitrage SA now owns 9,449 shares of the technology company’s stock valued at $109,000 after purchasing an additional 8,091 shares in the last quarter. Principal Financial Group Inc. increased its holdings 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 purchasing an additional 474 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in Quotient Technology during the 2nd quarter worth $125,000. Parametric Portfolio Associates LLC grew its holdings in Quotient Technology by 7.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 16,005 shares of the technology company’s stock worth $153,000 after acquiring an additional 1,168 shares during the period. Finally, Wedbush Securities Inc. acquired a new stake in Quotient Technology during the 3rd quarter worth $160,000. 71.39% of the stock is owned by institutional investors and hedge funds.
Quotient Technology (NYSE QUOT) opened at $14.05 on Friday.
Quotient Technology (NYSE:QUOT) last posted its earnings results on Wednesday, November 1st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). Quotient Technology had a negative net margin of 5.17% and a negative return on equity of 5.05%. The firm had revenue of $81.95 million during the quarter, compared to the consensus estimate of $83.24 million. During the same quarter last year, the firm posted ($0.13) EPS. The business’s revenue was up 23.3% on a year-over-year basis. equities research analysts anticipate that Quotient Technology will post -0.08 EPS for the current year.
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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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