ValuEngine upgraded shares of Quotient Technology (NYSE:QUOT) from a hold rating to a buy rating in a report released on Wednesday morning.
Other equities research analysts also recently issued reports about the company. Royal Bank of Canada reiterated a buy rating and issued a $17.00 target price on shares of Quotient Technology in a research report on Sunday, April 29th. Zacks Investment Research upgraded Quotient Technology from a sell rating to a hold rating in a research report on Thursday, February 15th. Oppenheimer initiated coverage on Quotient Technology in a research report on Wednesday, February 21st. They issued an outperform rating and a $16.00 target price on the stock. Wedbush reiterated an outperform rating and issued a $17.00 target price on shares of Quotient Technology in a research report on Monday, February 12th. Finally, William Blair reiterated an outperform rating on shares of Quotient Technology in a research report on Monday, April 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $17.63.
Shares of Quotient Technology stock opened at $14.00 on Wednesday. Quotient Technology has a 52 week low of $10.35 and a 52 week high of $17.85. The stock has a market capitalization of $1.28 billion, a PE ratio of -107.69, a price-to-earnings-growth ratio of 8.93 and a beta of -0.25.
Quotient Technology (NYSE:QUOT) last announced its quarterly earnings data on Tuesday, May 1st. The technology company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.03). The business had revenue of $86.77 million during the quarter, compared to analysts’ expectations of $86.29 million. Quotient Technology had a negative net margin of 7.07% and a negative return on equity of 3.30%. sell-side analysts predict that Quotient Technology will post 0.1 EPS for the current fiscal year.
In related news, Director Andrew J. Gessow acquired 10,000 shares of Quotient Technology stock in a transaction on Friday, May 4th. The shares were bought at an average cost of $12.55 per share, with a total value of $125,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Steven R. Boal sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $14.31, for a total value of $715,500.00. Following the sale, the chairman now directly owns 3,237,445 shares in the company, valued at $46,327,837.95. The disclosure for this sale can be found here. Insiders have sold 150,000 shares of company stock worth $2,049,500 over the last three months. 9.50% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Spark Investment Management LLC bought a new stake in Quotient Technology during the fourth quarter worth approximately $3,476,000. BlackRock Inc. increased its stake in Quotient Technology by 1.4% during the fourth quarter. BlackRock Inc. now owns 4,613,919 shares of the technology company’s stock worth $54,214,000 after acquiring an additional 63,949 shares during the last quarter. Deutsche Bank AG increased its stake in Quotient Technology by 446.7% during the fourth quarter. Deutsche Bank AG now owns 531,299 shares of the technology company’s stock worth $6,241,000 after acquiring an additional 434,114 shares during the last quarter. Wells Fargo & Company MN increased its stake in Quotient Technology by 59.0% during the third quarter. Wells Fargo & Company MN now owns 78,346 shares of the technology company’s stock worth $1,227,000 after acquiring an additional 29,085 shares during the last quarter. Finally, Hudson Bay Capital Management LP increased its stake in Quotient Technology by 823.8% during the fourth quarter. Hudson Bay Capital Management LP now owns 92,381 shares of the technology company’s stock worth $1,085,000 after acquiring an additional 82,381 shares during the last quarter. 74.69% of the stock is currently owned by institutional investors.
About Quotient Technology
Quotient Technology Inc provides digital marketing platform that offers digital coupons and media solutions to consumer packaged goods (CPGs) brands, retailers, and shoppers in the United States. The company operates its platform across various distribution networks, reaching approximately 60 million shoppers, including the app and Website of its flagship consumer brand, Coupons.com, other owned and operated properties, and various publisher partners.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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