Boenning Scattergood Initiates Coverage on Quotient Technology Inc. (QUOT)
Boenning Scattergood assumed coverage on shares of Quotient Technology Inc. (NYSE:QUOT) in a report published on Thursday, The Fly reports. The brokerage issued an outperform rating on the stock.
A number of other analysts have also recently issued reports on the company. Dougherty & Co raised Quotient Technology from a neutral rating to a buy rating and set a $16.00 price objective for the company in a research report on Wednesday, September 14th. TheStreet cut Quotient Technology from a hold rating to a sell rating in a research report on Tuesday, September 6th. Loop Capital assumed coverage on Quotient Technology in a research report on Wednesday, August 10th. They issued a buy rating and a $16.00 price objective for the company. Zacks Investment Research raised Quotient Technology from a hold rating to a strong-buy rating and set a $15.00 price objective for the company in a research report on Tuesday, August 9th. Finally, RBC Capital Markets reaffirmed a hold rating on shares of Quotient Technology 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, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $14.00.
Shares of Quotient Technology (NYSE:QUOT) opened at 13.03 on Thursday. The company has a 50-day moving average price of $13.32 and a 200 day moving average price of $12.29. The firm’s market cap is $1.09 billion. Quotient Technology has a 52 week low of $5.00 and a 52 week high of $14.36.
Quotient Technology (NYSE:QUOT) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.03. Quotient Technology had a negative net margin of 9.68% and a negative return on equity of 7.52%. The company had revenue of $67.20 million for the quarter, compared to analyst estimates of $63.52 million. During the same period last year, the company posted ($0.11) earnings per share. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. Analysts expect that Quotient Technology will post $0.07 EPS for the current fiscal year.
In other news, major shareholder John Howard Burbank III sold 500,000 shares of the 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 document filed with the SEC, which is available at the SEC website. Also, CEO Steven R. Boal sold 20,000 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $12.67, for a total value of $253,400.00. Following the transaction, the chief executive officer now owns 1,334,605 shares in the company, valued at approximately $16,909,445.35. The disclosure for this sale can be found here. Insiders own 11.99% of the company’s stock.
Several institutional investors have recently made changes to their positions in QUOT. Teacher Retirement System of Texas raised 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 worth $133,000 after buying an additional 2,747 shares during the period. Legal & General Group Plc raised its position in Quotient Technology by 25.0% in the first quarter. Legal & General Group Plc now owns 10,010 shares of the company’s stock worth $107,000 after buying an additional 1,999 shares during the period. Zacks Investment Management bought a new position in Quotient Technology during the second quarter worth approximately $166,000. Parametric Portfolio Associates LLC bought a new position in Quotient Technology during the second quarter worth approximately $174,000. Finally, Bayesian Capital Management LP bought a new position in Quotient Technology during the first quarter worth approximately $171,000. 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.
Receive News & Ratings for Quotient Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quotient Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.