Quotient Technology Inc. (QUOT) Downgraded to “Sell” at BidaskClub
BidaskClub lowered shares of Quotient Technology Inc. (NYSE:QUOT) from a hold rating to a sell rating in a report published on Tuesday.
Other equities analysts have also issued reports about the company. TheStreet raised Quotient Technology from a d+ rating to a c- rating in a report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a buy rating and issued a $17.00 target price on shares of Quotient Technology in a report on Friday, September 1st. Dougherty & Co reaffirmed a buy rating and issued a $20.00 target price (up from $16.00) on shares of Quotient Technology in a report on Wednesday, October 4th. Bank of America Corporation reaffirmed a neutral rating and issued a $20.00 target price (up from $15.00) on shares of Quotient Technology in a report on Tuesday, October 10th. Finally, ValuEngine raised Quotient Technology from a sell rating to a hold rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Quotient Technology currently has an average rating of Buy and a consensus price target of $17.88.
Shares of Quotient Technology (NYSE QUOT) traded down $0.20 during trading on Tuesday, hitting $13.95. The stock had a trading volume of 399,100 shares, compared to its average volume of 439,931. Quotient Technology has a 12-month low of $9.10 and a 12-month high of $17.85.
Quotient Technology (NYSE:QUOT) last released its earnings results on Wednesday, November 1st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The business had revenue of $81.95 million during the quarter, compared to the consensus estimate of $83.24 million. Quotient Technology had a negative net margin of 5.17% and a negative return on equity of 4.96%. The business’s revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.13) earnings per share. equities research analysts predict that Quotient Technology will post -0.14 EPS for the current year.
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In other Quotient Technology news, CEO Steven R. Boal sold 60,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $14.14, for a total transaction of $848,400.00. Following the completion of the transaction, the chief executive officer now directly owns 788,823 shares of the company’s stock, valued at $11,153,957.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Steven R. Boal sold 121,847 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $14.83, for a total value of $1,806,991.01. Following the completion of the transaction, the chief executive officer now directly owns 725,991 shares of the company’s stock, valued at $10,766,446.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,234,783 shares of company stock valued at $20,051,533. 11.99% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Quotient Technology by 7.1% in the second quarter. Vanguard Group Inc. now owns 5,688,612 shares of the technology company’s stock worth $65,419,000 after acquiring an additional 378,031 shares during the period. Senvest Management LLC bought a new position in shares of Quotient Technology in the second quarter worth $30,620,000. Davis Selected Advisers boosted its holdings in shares of Quotient Technology by 0.4% in the second quarter. Davis Selected Advisers now owns 1,809,532 shares of the technology company’s stock worth $20,810,000 after acquiring an additional 6,897 shares during the period. Granite Investment Partners LLC boosted its holdings in shares of Quotient Technology by 4.9% in the third quarter. Granite Investment Partners LLC now owns 1,594,399 shares of the technology company’s stock worth $24,953,000 after acquiring an additional 74,481 shares during the period. Finally, State Street Corp boosted its holdings in shares of Quotient Technology by 13.0% in the second quarter. State Street Corp now owns 1,318,689 shares of the technology company’s stock worth $15,165,000 after acquiring an additional 151,433 shares during the period. 71.41% of the stock is owned by hedge funds and other 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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