BidaskClub upgraded shares of Quotient Technology Inc. (NYSE:QUOT) from a buy rating to a strong-buy rating in a report released on Saturday.
Several other equities research analysts have also weighed in on the company. DA Davidson began coverage on Quotient Technology in a research report on Wednesday, September 13th. They issued a buy rating and a $18.00 target price on the stock. Royal Bank Of Canada reaffirmed a buy rating and issued a $17.00 target price on shares of Quotient Technology in a research report on Friday, September 1st. ValuEngine raised Quotient Technology from a sell rating to a hold rating in a research report on Friday, September 1st. TheStreet raised Quotient Technology from a d+ rating to a c- rating in a research report on Tuesday, August 1st. Finally, Wedbush reaffirmed an ourperform rating and issued a $16.00 target price on shares of Quotient Technology in a research report on Monday, July 31st. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Quotient Technology has an average rating of Buy and a consensus target price of $15.86.
Quotient Technology (NYSE:QUOT) opened at 16.40 on Friday. Quotient Technology has a 52 week low of $9.10 and a 52 week high of $16.48. The firm’s market capitalization is $1.51 billion. The firm has a 50-day moving average of $14.42 and a 200 day moving average of $11.89.
Quotient Technology (NYSE:QUOT) last issued its earnings results on Tuesday, August 1st. The technology company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $74.49 million for the quarter, compared to analyst estimates of $73.72 million. During the same period last year, the company earned ($0.04) earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. Analysts predict that Quotient Technology will post $0.24 earnings per share for the current year.
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In other news, Director David E. Siminoff sold 8,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $11.42, for a total transaction of $91,360.00. Following the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $34,260. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven R. Boal sold 98,153 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $14.97, for a total value of $1,469,350.41. Following the transaction, the chief executive officer now directly owns 568,823 shares in the company, valued at $8,515,280.31. The disclosure for this sale can be found here. Insiders have sold 563,724 shares of company stock worth $7,622,888 over the last three months. Corporate insiders own 11.99% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of QUOT. BNP Paribas Arbitrage SA grew its holdings in Quotient Technology by 595.8% during the second quarter. BNP Paribas Arbitrage SA now owns 9,449 shares of the technology company’s stock worth $109,000 after acquiring an additional 8,091 shares during the period. Stoneridge Investment Partners LLC acquired a new position in Quotient Technology during the second quarter worth about $125,000. Airain ltd acquired a new position in Quotient Technology during the first quarter worth about $110,000. Koch Industries Inc. acquired a new position in Quotient Technology during the first quarter worth about $114,000. Finally, Principal Financial Group Inc. grew its holdings in Quotient Technology by 4.0% during the first quarter. Principal Financial Group Inc. now owns 12,385 shares of the technology company’s stock worth $118,000 after acquiring an additional 474 shares during the period. 71.27% of the stock is currently owned by institutional investors.
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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