Shares of Quotient Technology Inc. (NYSE:QUOT) have been assigned a consensus rating of “Buy” from the eleven brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $17.88.
Several equities research analysts recently weighed in on the stock. Bank of America Corporation reissued a “neutral” rating and set a $20.00 price target (up previously from $15.00) on shares of Quotient Technology in a research report on Tuesday. BidaskClub downgraded shares of Quotient Technology from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Royal Bank Of Canada reissued a “buy” rating and set a $17.00 price target on shares of Quotient Technology in a research report on Friday, September 1st. DA Davidson assumed coverage on shares of Quotient Technology in a research report on Wednesday, September 13th. They set a “buy” rating and a $18.00 price target for the company. Finally, Wedbush reissued an “ourperform” rating and set a $16.00 price target on shares of Quotient Technology in a research report on Monday, July 31st.
In other Quotient Technology news, insider Steven R. Boal sold 411,799 shares of Quotient Technology stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $16.78, for a total value of $6,909,987.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Steven R. Boal sold 80,000 shares of Quotient Technology stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $15.94, for a total transaction of $1,275,200.00. Following the completion of the sale, the chairman now directly owns 408,823 shares of the company’s stock, valued at approximately $6,516,638.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,095,523 shares of company stock valued at $16,668,395. 11.99% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of QUOT. Nationwide Fund Advisors grew its position in Quotient Technology by 4.0% in the 1st quarter. Nationwide Fund Advisors now owns 75,761 shares of the technology company’s stock worth $724,000 after purchasing an additional 2,940 shares during the period. Wells Fargo & Company MN grew its position in Quotient Technology by 1.6% in the 1st quarter. Wells Fargo & Company MN now owns 49,331 shares of the technology company’s stock worth $472,000 after purchasing an additional 763 shares during the period. Swiss National Bank grew its position in Quotient Technology by 4.3% in the 1st quarter. Swiss National Bank now owns 116,100 shares of the technology company’s stock worth $1,109,000 after purchasing an additional 4,800 shares during the period. TD Asset Management Inc. grew its position in Quotient Technology by 26.1% in the 1st quarter. TD Asset Management Inc. now owns 35,298 shares of the technology company’s stock worth $337,000 after purchasing an additional 7,300 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in Quotient Technology by 7.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 16,005 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,168 shares during the period. 71.27% of the stock is owned by institutional investors and hedge funds.
Quotient Technology (NYSE:QUOT) traded down 0.57% during trading on Wednesday, hitting $17.45. The stock had a trading volume of 422,445 shares. The stock’s 50-day moving average price is $15.97 and its 200-day moving average price is $12.67. Quotient Technology has a 1-year low of $9.10 and a 1-year high of $17.85. The company’s market capitalization is $1.61 billion.
Quotient Technology (NYSE:QUOT) last announced its quarterly earnings results on Tuesday, August 1st. The technology company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The company had revenue of $74.49 million during the quarter, compared to the consensus estimate of $73.72 million. Quotient Technology had a negative net margin of 5.61% and a negative return on equity of 2.92%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) earnings per share. Analysts expect that Quotient Technology will post $0.24 earnings per share for the current year.
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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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