Quotient Technology Inc. (QUOT) Upgraded by Dougherty & Co to Buy
Dougherty & Co upgraded shares of Quotient Technology Inc. (NYSE:QUOT) from a neutral rating to a buy rating in a research note released on Wednesday morning. The brokerage currently has $16.00 price objective on the stock.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research raised Quotient Technology from a hold rating to a strong-buy rating and set a $15.00 price target for the company in a research note on Tuesday, August 9th. Loop Capital assumed coverage on Quotient Technology in a report on Wednesday, August 10th. They set a buy rating and a $16.00 price objective on the stock. Wedbush increased their price objective on Quotient Technology from $15.00 to $16.00 and gave the company an outperform rating in a report on Wednesday, August 3rd. Bank of America Corp. set a $15.00 price objective on Quotient Technology and gave the company a hold rating in a report on Wednesday, August 3rd. Finally, RBC Capital Markets reissued a hold rating on shares of Quotient Technology in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Quotient Technology presently has a consensus rating of Buy and a consensus target price of $13.88.
Shares of Quotient Technology (NYSE:QUOT) opened at 13.43 on Wednesday. The company’s 50 day moving average price is $13.31 and its 200 day moving average price is $11.96. Quotient Technology has a 52-week low of $5.00 and a 52-week high of $14.36. The firm’s market capitalization is $1.13 billion.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $67.20 million for the quarter, compared to analysts’ expectations of $63.52 million. During the same period last year, the business earned ($0.11) earnings per share. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. Analysts forecast that Quotient Technology will post $0.07 earnings per share for the current year.
In other Quotient Technology news, CEO Steven R. Boal sold 20,000 shares of Quotient Technology stock in a transaction on Friday, July 1st. The stock was sold at an average price of $13.55, for a total value of $271,000.00. Following the completion of the transaction, the chief executive officer now owns 1,354,605 shares in the company, valued at approximately $18,354,897.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dawn G. Lepore sold 4,000 shares of Quotient Technology stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $14.02, for a total value of $56,080.00. Following the completion of the transaction, the director now owns 129,197 shares of the company’s stock, valued at approximately $1,811,341.94. The disclosure for this sale can be found here. Corporate insiders own 11.99% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas increased 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. Legal & General Group Plc increased 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. Zacks Investment Management acquired a new position in shares of Quotient Technology during the second quarter valued at about $166,000. Parametric Portfolio Associates LLC acquired a new position in shares of Quotient Technology during the second quarter valued at about $174,000. Finally, Bayesian Capital Management LP acquired a new position in shares of Quotient Technology during the first quarter valued at about $171,000. Hedge funds and other 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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