Quotient Technology (NYSE:QUOT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.
According to Zacks, “Quotient Technology Inc. provides digital promotion and media platform which connects brands, retailers and consumers. It offers digital coupons, including coupon codes and media and advertising through its platform which includes Web, mobile and social channels as well as consumer packaged goods companies, retailers and publishers. Quotient Technology Inc., formerly known as Coupons.com, is headquartered in Mountain View, California. “
Several other research analysts have also commented on the stock. BidaskClub lowered shares of Quotient Technology from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. DA Davidson initiated coverage on shares of Quotient Technology in a research note on Wednesday, September 13th. They set a “buy” rating and a $18.00 price objective for the company. Bank of America reiterated a “neutral” rating and set a $20.00 price objective (up previously from $15.00) on shares of Quotient Technology in a research note on Tuesday, October 10th. Dougherty & Co reiterated a “buy” rating and set a $20.00 price objective (up previously from $16.00) on shares of Quotient Technology in a research note on Wednesday, October 4th. Finally, First Analysis initiated coverage on shares of Quotient Technology in a research note on Monday, October 9th. They set an “overweight” rating and a $21.00 price objective for the company. Three analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $18.14.
Quotient Technology (QUOT) opened at $12.00 on Thursday. The company has a market cap of $1,110.00, a P/E ratio of -70.59, a P/E/G ratio of 5.21 and a beta of -0.13. Quotient Technology has a 52 week low of $9.10 and a 52 week high of $17.85.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The firm had revenue of $81.95 million for the quarter, compared to the consensus estimate of $83.24 million. Quotient Technology had a negative return on equity of 4.96% and a negative net margin of 5.17%. The company’s revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.13) EPS. equities analysts expect that Quotient Technology will post -0.22 earnings per share for the current year.
In other Quotient Technology news, Chairman Steven R. Boal sold 149,202 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $16.96, for a total transaction of $2,530,465.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Andrew J. Gessow bought 5,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were bought at an average cost of $12.25 per share, for a total transaction of $61,250.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 366,984 shares of company stock worth $6,216,724. 11.46% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Suntrust Banks Inc. grew its position in Quotient Technology by 6.5% during the 2nd quarter. Suntrust Banks Inc. now owns 28,220 shares of the technology company’s stock worth $323,000 after purchasing an additional 1,710 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Quotient Technology by 12.1% in the 2nd quarter. Legal & General Group Plc now owns 17,238 shares of the technology company’s stock valued at $198,000 after acquiring an additional 1,865 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Quotient Technology by 15.3% in the 2nd quarter. Principal Financial Group Inc. now owns 14,274 shares of the technology company’s stock valued at $164,000 after acquiring an additional 1,889 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Quotient Technology by 4.2% in the 2nd quarter. Nationwide Fund Advisors now owns 78,944 shares of the technology company’s stock valued at $908,000 after acquiring an additional 3,183 shares during the last quarter. Finally, American International Group Inc. boosted its holdings in shares of Quotient Technology by 8.1% in the 3rd quarter. American International Group Inc. now owns 49,402 shares of the technology company’s stock valued at $773,000 after acquiring an additional 3,694 shares during the last quarter. 72.24% of the stock is currently owned by institutional investors.
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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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