Quotient Technology Inc. (QUOT) Upgraded to “Buy” by Dougherty & Co
Quotient Technology Inc. (NYSE:QUOT) was upgraded by investment analysts at Dougherty & Co from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
QUOT has been the subject of a number of other research reports. TheStreet lowered Quotient Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Zacks Investment Research lowered Quotient Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. Maxim Group started coverage on Quotient Technology in a research report on Thursday, June 16th. They issued a “hold” rating for the company. Loop Capital started coverage on Quotient Technology in a research report on Wednesday, August 10th. They issued a “buy” rating and a $16.00 target price for the company. Finally, Wedbush boosted their target price on Quotient Technology from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Quotient Technology presently has an average rating of “Buy” and an average price target of $13.57.
Shares of Quotient Technology (NYSE:QUOT) opened at 13.23 on Wednesday. Quotient Technology has a one year low of $5.00 and a one year high of $14.36. The stock’s market capitalization is $1.11 billion. The stock has a 50 day moving average of $13.29 and a 200-day moving average of $11.84.
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Quotient Technology (NYSE:QUOT) last issued its 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 business earned $67.20 million during the quarter, compared to analysts’ expectations of $63.52 million. During the same period last year, the firm posted ($0.11) EPS. Quotient Technology’s quarterly revenue was up 20.2% compared to the same quarter last year. Equities analysts forecast that Quotient Technology will post $0.07 earnings per share for the current year.
In related news, major shareholder John Howard Burbank III sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $13.24, for a total transaction of $6,620,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven R. Boal sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $13.55, for a total value of $271,000.00. Following the transaction, the chief executive officer now owns 1,354,605 shares of the company’s stock, valued at $18,354,897.75. The disclosure for this sale can be found here. Company insiders own 11.99% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in QUOT. Elk Creek Partners LLC bought a new position in shares of Quotient Technology during the second quarter worth about $6,286,000. Metropolitan Life Insurance Co. NY increased its position in shares of Quotient Technology by 1.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 43,874 shares of the company’s stock worth $588,000 after buying an additional 737 shares during the period. G2 Investment Partners Management LLC increased its position in shares of Quotient Technology by 80.3% in the second quarter. G2 Investment Partners Management LLC now owns 216,275 shares of the company’s stock worth $2,900,000 after buying an additional 96,346 shares during the period. Zacks Investment Management bought a new position in shares of Quotient Technology during the second quarter worth about $166,000. Finally, Parametric Portfolio Associates LLC bought a new position in shares of Quotient Technology during the second quarter worth about $174,000. 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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