Quotient Technology Inc (QUOT) Receives Average Recommendation of “Hold” from Analysts

Shares of Quotient Technology Inc (NYSE:QUOT) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $18.14.

Several research analysts have recently issued reports on the company. Bank of America restated a “neutral” rating and issued a $20.00 price target (up from $15.00) on shares of Quotient Technology in a research report on Tuesday, October 10th. First Analysis assumed coverage on Quotient Technology in a report on Monday, October 9th. They set an “overweight” rating and a $21.00 target price on the stock. Dougherty & Co reiterated a “buy” rating and set a $20.00 target price (up from $16.00) on shares of Quotient Technology in a report on Wednesday, October 4th. BidaskClub lowered Quotient Technology from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research lowered Quotient Technology from a “hold” rating to a “sell” rating in a report on Thursday, January 11th.

Quotient Technology (NYSE QUOT) opened at $11.80 on Friday. Quotient Technology has a 12-month low of $9.10 and a 12-month high of $17.85. The stock has a market capitalization of $1,090.00, a price-to-earnings ratio of -69.41, a PEG ratio of 5.12 and a beta of -0.13.

Quotient Technology (NYSE:QUOT) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.10). Quotient Technology had a negative return on equity of 4.96% and a negative net margin of 5.17%. The company had revenue of $81.95 million during the quarter, compared to the consensus estimate of $83.24 million. During the same quarter in the prior year, the business earned ($0.13) earnings per share. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. equities analysts forecast that Quotient Technology will post -0.22 EPS for the current year.

In other news, Director Andrew J. Gessow purchased 5,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were bought at an average cost of $12.25 per share, for a total transaction of $61,250.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David E. Siminoff sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $15.52, for a total value of $124,160.00. Following the completion of the sale, the director now owns 3,000 shares in the company, valued at $46,560. The disclosure for this sale can be found here. Insiders own 11.46% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Quotient Technology by 6.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 366,584 shares of the technology company’s stock valued at $4,308,000 after purchasing an additional 22,414 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Quotient Technology in the fourth quarter valued at about $1,093,000. Bamco Inc. NY lifted its holdings in shares of Quotient Technology by 7.5% in the third quarter. Bamco Inc. NY now owns 215,000 shares of the technology company’s stock valued at $3,365,000 after purchasing an additional 15,000 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of Quotient Technology in the third quarter valued at about $496,000. Finally, Royce & Associates LP bought a new stake in shares of Quotient Technology in the third quarter valued at about $2,520,000. Institutional investors own 72.24% of the company’s stock.

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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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