Quotient Technology Inc. (NYSE:QUOT)‘s stock had its “buy” rating reiterated by analysts at Boenning Scattergood in a research note issued to investors on Friday. They presently have a $15.00 price objective on the stock. Boenning Scattergood’s price target would suggest a potential upside of 12.95% from the company’s previous close.
Several other research firms have also commented on QUOT. Dougherty & Co started coverage on Quotient Technology in a report on Wednesday, June 15th. They set a “neutral” rating on the stock. Maxim Group began coverage on Quotient Technology in a research report on Thursday, June 16th. They set a “hold” rating for the company. Loop Capital began coverage on Quotient Technology in a research report on Wednesday, August 10th. They set a “buy” rating and a $16.00 price objective for the company. Zacks Investment Research raised Quotient Technology from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, August 9th. Finally, Wedbush raised their price objective on Quotient Technology from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $14.00.
Shares of Quotient Technology (NYSE:QUOT) opened at 13.28 on Friday. The firm’s 50 day moving average is $13.35 and its 200 day moving average is $12.26. Quotient Technology has a 52-week low of $5.00 and a 52-week high of $14.36. The stock’s market capitalization is $1.11 billion.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.03. Quotient Technology had a negative return on equity of 7.52% and a negative net margin of 9.68%. The company had revenue of $67.20 million for the quarter, compared to analysts’ expectations of $63.52 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. The firm’s revenue was up 20.2% on a year-over-year basis. Equities analysts expect that Quotient Technology will post $0.07 earnings per share for the current year.
In other news, insider Connie Chen sold 3,464 shares of Quotient Technology stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $13.27, for a total value of $45,967.28. Following the completion of the transaction, the insider now owns 12,989 shares in the company, valued at approximately $172,364.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven R. Boal sold 20,000 shares of Quotient Technology stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $12.67, for a total value of $253,400.00. Following the completion of the transaction, the chief executive officer now owns 1,334,605 shares of the company’s stock, valued at approximately $16,909,445.35. The disclosure for this sale can be found here. 11.99% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in QUOT. Legal & General Group Plc boosted its position in shares of Quotient Technology by 25.0% in the first quarter. Legal & General Group Plc now owns 10,010 shares of the company’s stock valued at $107,000 after buying an additional 1,999 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Quotient Technology by 38.4% in the second quarter. Teacher Retirement System of Texas now owns 9,892 shares of the company’s stock valued at $133,000 after buying an additional 2,747 shares during the last quarter. Zacks Investment Management bought a new position in shares of Quotient Technology during the second quarter valued at about $166,000. Bayesian Capital Management LP bought a new position in shares of Quotient Technology during the first quarter valued at about $171,000. Finally, Parametric Portfolio Associates LLC bought a new position in shares of Quotient Technology during the second quarter valued at about $174,000. Institutional investors and hedge funds own 74.62% of the company’s stock.
Quotient Technology Company Profile
Quotient Technology Inc, formerly Coupons.com Incorporated, is a provider of digital promotions and media solutions. The Company connects consumer packaged goods (CPG) brands and retailers with shoppers by offering digital promotions and media to shoppers through mobile, Web and social channels. The Company’s platform is used by brands, as well as retailers in the grocery, drug, dollar, club and mass merchandise channels to engage shoppers at the critical moments when they are choosing what products to buy and where to shop.
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