Boenning Scattergood initiated coverage on shares of Quotient Technology Inc. (NYSE:QUOT) in a research note issued to investors on Thursday, The Fly reports. The brokerage set an “outperform” rating on the stock.
Several other brokerages have also weighed in on QUOT. Dougherty & Co initiated coverage on shares of Quotient Technology in a report on Wednesday, June 15th. They set a “neutral” rating on the stock. Maxim Group began coverage on shares of Quotient Technology in a report on Thursday, June 16th. They set a “hold” rating on the stock. Loop Capital began coverage on shares of Quotient Technology in a research report on Wednesday, August 10th. They set a “buy” rating and a $16.00 target price for the company. Zacks Investment Research raised shares of Quotient Technology from a “hold” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research report on Tuesday, August 9th. Finally, Wedbush increased their target price on shares of Quotient Technology from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $13.88.
Quotient Technology (NYSE:QUOT) opened at 13.70 on Thursday. Quotient Technology has a 52-week low of $5.00 and a 52-week high of $14.36. The stock’s 50 day moving average price is $13.37 and its 200 day moving average price is $12.14. The firm’s market capitalization is $1.15 billion.
Quotient Technology (NYSE:QUOT) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The company had revenue of $67.20 million for the quarter, compared to analysts’ expectations of $63.52 million. Quotient Technology had a negative return on equity of 7.52% and a negative net margin of 9.68%. The company’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.11) earnings per share. Analysts expect that Quotient Technology will post $0.07 earnings per share for the current year.
In other news, CEO Steven R. Boal sold 20,000 shares of the stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $13.55, for a total transaction of $271,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,354,605 shares in the company, valued at approximately $18,354,897.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Connie Chen sold 3,464 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $13.27, for a total value of $45,967.28. Following the transaction, the insider now owns 12,989 shares of the company’s stock, valued at $172,364.03. The disclosure for this sale can be found here. 11.99% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in QUOT. Gerstein Fisher acquired a new position in Quotient Technology during the second quarter valued at approximately $836,000. Fuller & Thaler Asset Management Inc. acquired a new position in Quotient Technology during the second quarter valued at approximately $5,316,000. State Board of Administration of Florida Retirement System boosted its position in Quotient Technology by 12.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 42,145 shares of the company’s stock valued at $565,000 after buying an additional 4,724 shares during the period. Emerald Acquisition Ltd. acquired a new position in Quotient Technology during the second quarter valued at approximately $809,000. Finally, Swiss National Bank boosted its position in Quotient Technology by 34.9% in the second quarter. Swiss National Bank now owns 126,400 shares of the company’s stock valued at $1,695,000 after buying an additional 32,700 shares during the period. Institutional investors 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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