Shares of Quotient Technology Inc (NYSE:QUOT) have received an average recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $18.29.
Several research firms have weighed in on QUOT. Zacks Investment Research upgraded Quotient Technology from a “sell” rating to a “hold” rating in a report on Thursday. Wedbush reissued an “outperform” rating and issued a $17.00 price target on shares of Quotient Technology in a report on Monday, February 12th. ValuEngine lowered shares of Quotient Technology from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, BidaskClub lowered shares of Quotient Technology from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th.
In other news, Chairman Steven R. Boal sold 50,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $13.20, for a total value of $660,000.00. Following the completion of the transaction, the chairman now owns 3,300,146 shares of the company’s stock, valued at approximately $43,561,927.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.46% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new position in Quotient Technology in the 4th quarter worth $414,000. Millennium Management LLC boosted its stake in Quotient Technology by 436.8% in the 4th quarter. Millennium Management LLC now owns 2,151,087 shares of the technology company’s stock worth $25,275,000 after purchasing an additional 1,750,384 shares during the period. Wolverine Trading LLC boosted its stake in Quotient Technology by 119.8% in the 4th quarter. Wolverine Trading LLC now owns 12,140 shares of the technology company’s stock worth $143,000 after purchasing an additional 6,617 shares during the period. Teachers Advisors LLC boosted its stake in Quotient Technology by 21.7% in the 4th quarter. Teachers Advisors LLC now owns 928,521 shares of the technology company’s stock worth $10,910,000 after purchasing an additional 165,452 shares during the period. Finally, HBK Investments L P acquired a new position in Quotient Technology in the 4th quarter worth $1,707,000. 72.12% of the stock is owned by hedge funds and other institutional investors.
Quotient Technology (QUOT) traded up $0.05 during midday trading on Tuesday, reaching $13.20. The company’s stock had a trading volume of 875,725 shares, compared to its average volume of 462,643. Quotient Technology has a one year low of $9.10 and a one year high of $17.85. The company has a market capitalization of $1,220.00, a price-to-earnings ratio of -77.65, a P/E/G ratio of 6.07 and a beta of -0.12.
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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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