Quotient Technology Inc. (QUOT) Earns “Buy” Rating from Boenning Scattergood
Boenning Scattergood reiterated their buy rating on shares of Quotient Technology Inc. (NYSE:QUOT) in a report issued on Friday morning. The brokerage currently has a $15.00 target price on the stock.
Several other research analysts have also 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 objective for the company in a research report on Tuesday, August 9th. 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. Wedbush lifted their price objective on Quotient Technology from $15.00 to $16.00 and gave the stock an outperform rating in a research report on Wednesday, August 3rd. Dougherty & Co assumed coverage on Quotient Technology in a research report on Wednesday, June 15th. They issued a neutral rating for the company. Finally, Bank of America Corp. set a $15.00 price objective on Quotient Technology and gave the stock a hold rating in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Quotient Technology currently has a consensus rating of Buy and an average price target of $14.00.
Quotient Technology (NYSE:QUOT) opened at 13.03 on Friday. The company’s 50-day moving average price is $13.32 and its 200 day moving average price is $12.29. Quotient Technology has a 12 month low of $5.00 and a 12 month high of $14.36. The firm’s market capitalization is $1.09 billion.
Quotient Technology (NYSE:QUOT) last announced its earnings results on Tuesday, August 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The company had revenue of $67.20 million for the quarter, compared to the consensus estimate of $63.52 million. Quotient Technology had a negative return on equity of 7.52% and a negative net margin of 9.68%. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.11) earnings per share. On average, equities research analysts predict 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 dated Monday, October 3rd. The stock was sold at an average price of $13.26, for a total transaction of $265,200.00. Following the completion of the transaction, the chief executive officer now owns 1,294,605 shares in the company, valued at approximately $17,166,462.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dawn G. Lepore sold 4,000 shares of Quotient Technology stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $12.97, for a total value of $51,880.00. Following the transaction, the director now owns 125,197 shares of the company’s stock, valued at approximately $1,623,805.09. The disclosure for this sale can be found here. Company insiders own 11.99% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in QUOT. Bayesian Capital Management LP bought a new position in Quotient Technology during the first quarter worth about $171,000. Fuller & Thaler Asset Management Inc. bought a new position in Quotient Technology during the second quarter worth about $5,316,000. Gerstein Fisher bought a new position in Quotient Technology during the second quarter worth about $836,000. Palisade Capital Management LLC NJ bought a new position in Quotient Technology during the first quarter worth about $652,000. Finally, Teachers Advisors Inc. increased its position in Quotient Technology by 67.0% in the first quarter. Teachers Advisors Inc. now owns 156,096 shares of the company’s stock worth $1,655,000 after buying an additional 62,638 shares during the period. Institutional investors and hedge funds own 74.62% of the company’s stock.
About Quotient Technology
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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