Quotient Technology (QUOT) Now Covered by Oppenheimer

Stock analysts at Oppenheimer began coverage on shares of Quotient Technology (NYSE:QUOT) in a note issued to investors on Wednesday. The brokerage set an “outperform” rating and a $16.00 price target on the technology company’s stock. Oppenheimer’s target price points to a potential upside of 22.61% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Quotient Technology from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. ValuEngine downgraded shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th. Finally, Wedbush reissued an “outperform” rating and issued a $17.00 target price on shares of Quotient Technology in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Quotient Technology has an average rating of “Buy” and a consensus price target of $18.00.

Shares of Quotient Technology (NYSE:QUOT) opened at $13.05 on Wednesday. Quotient Technology has a 1 year low of $9.10 and a 1 year high of $17.85. The company has a market cap of $1,242.01, a PE ratio of -76.76, a P/E/G ratio of 8.60 and a beta of -0.12.

Quotient Technology (NYSE:QUOT) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.06 EPS for the quarter. Quotient Technology had a negative net margin of 4.68% and a negative return on equity of 3.17%. The business had revenue of $93.09 million for the quarter, compared to analyst estimates of $92.48 million. analysts expect that Quotient Technology will post 0.11 EPS for the current year.

In other news, Director Steven Michael Horowitz sold 56,300 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $13.18, for a total transaction of $742,034.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Steven R. Boal sold 50,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $13.20, for a total transaction of $660,000.00. Following the transaction, the chairman now directly owns 3,300,146 shares of the company’s stock, valued at approximately $43,561,927.20. The disclosure for this sale can be found here. Corporate insiders own 11.46% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Senvest Management LLC increased its stake in shares of Quotient Technology by 85.5% during the 4th quarter. Senvest Management LLC now owns 6,731,227 shares of the technology company’s stock valued at $79,092,000 after acquiring an additional 3,102,351 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Quotient Technology by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,688,612 shares of the technology company’s stock valued at $65,419,000 after acquiring an additional 378,031 shares during the last quarter. BlackRock Inc. increased its stake in shares of Quotient Technology by 1.4% during the 4th quarter. BlackRock Inc. now owns 4,613,919 shares of the technology company’s stock valued at $54,214,000 after acquiring an additional 63,949 shares during the last quarter. Millennium Management LLC increased its stake in shares of Quotient Technology by 436.8% during the 4th quarter. Millennium Management LLC now owns 2,151,087 shares of the technology company’s stock valued at $25,275,000 after acquiring an additional 1,750,384 shares during the last quarter. Finally, Granite Investment Partners LLC increased its stake in shares of Quotient Technology by 4.9% during the 3rd quarter. Granite Investment Partners LLC now owns 1,594,399 shares of the technology company’s stock valued at $24,953,000 after acquiring an additional 74,481 shares during the last quarter. 77.10% of the stock is 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.

Analyst Recommendations for Quotient Technology (NYSE:QUOT)

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