Shares of Quotient Technology Inc (NYSE:QUOT) have been assigned a consensus rating of “Buy” from the eleven research firms that are presently covering the company. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $15.25.
A number of equities research analysts recently issued reports on the company. TheStreet upgraded Quotient Technology from a “d+” rating to a “c” rating in a research note on Monday, March 6th. Wedbush restated an “outperform” rating and issued a $16.00 price objective on shares of Quotient Technology in a research note on Thursday, February 16th. Loop Capital restated a “buy” rating and issued a $16.00 price objective on shares of Quotient Technology in a research note on Wednesday, December 28th. Royal Bank of Canada restated a “buy” rating and issued a $15.00 price objective on shares of Quotient Technology in a research note on Tuesday, February 7th. Finally, Zacks Investment Research cut Quotient Technology from a “buy” rating to a “hold” rating in a research note on Saturday, February 18th.
Quotient Technology (NYSE:QUOT) opened at 10.05 on Tuesday. The company’s market cap is $895.83 million. Quotient Technology has a 12-month low of $9.45 and a 12-month high of $14.36. The stock has a 50 day moving average of $11.43 and a 200-day moving average of $11.65.
Quotient Technology (NYSE:QUOT) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. Quotient Technology had a negative return on equity of 3.81% and a negative net margin of 7.08%. The business had revenue of $75.40 million for the quarter, compared to analysts’ expectations of $69.97 million. During the same period in the previous year, the business posted ($0.04) EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that Quotient Technology will post $0.25 earnings per share for the current fiscal year.
In other news, insider Connie Chen sold 10,695 shares of the business’s stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $10.98, for a total transaction of $117,431.10. Following the completion of the transaction, the insider now owns 29,758 shares of the company’s stock, valued at $326,742.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven R. Boal sold 39,258 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $11.42, for a total value of $448,326.36. Following the transaction, the chief executive officer now directly owns 1,272,505 shares of the company’s stock, valued at approximately $14,532,007.10. The disclosure for this sale can be found here. Insiders have sold 205,867 shares of company stock valued at $2,510,249 in the last three months. 11.99% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of Quotient Technology by 5.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 20,140 shares of the company’s stock valued at $216,000 after buying an additional 977 shares during the last quarter. US Bancorp DE raised its position in shares of Quotient Technology by 6.4% in the third quarter. US Bancorp DE now owns 27,028 shares of the company’s stock valued at $360,000 after buying an additional 1,618 shares during the last quarter. Sei Investments Co. raised its position in shares of Quotient Technology by 0.9% in the third quarter. Sei Investments Co. now owns 406,988 shares of the company’s stock valued at $5,417,000 after buying an additional 3,469 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Quotient Technology by 32.2% in the third quarter. Suntrust Banks Inc. now owns 25,311 shares of the company’s stock valued at $336,000 after buying an additional 6,166 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Quotient Technology by 53.4% in the fourth quarter. AQR Capital Management LLC now owns 35,130 shares of the company’s stock valued at $378,000 after buying an additional 12,225 shares during the last quarter. 69.88% of the stock is owned by institutional investors.
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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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