ValuEngine cut shares of Quotient Technology (NYSE:QUOT) from a buy rating to a hold rating in a research note released on Tuesday.
Several other analysts have also weighed in on the company. Zacks Investment Research lowered Quotient Technology from a hold rating to a sell rating in a report on Tuesday, August 7th. Royal Bank of Canada lowered Quotient Technology from an outperform rating to a sector perform rating in a research note on Wednesday, August 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $17.00.
NYSE:QUOT opened at $12.65 on Tuesday. Quotient Technology has a fifty-two week low of $10.35 and a fifty-two week high of $17.70. The firm has a market cap of $1.47 billion, a P/E ratio of -97.69 and a beta of -0.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.28 and a current ratio of 5.28.
Quotient Technology (NYSE:QUOT) last released its quarterly earnings results on Tuesday, July 31st. The technology company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.02). Quotient Technology had a negative net margin of 6.45% and a negative return on equity of 4.00%. The company had revenue of $89.55 million for the quarter, compared to analysts’ expectations of $88.44 million. Sell-side analysts forecast that Quotient Technology will post -0.17 EPS for the current year.
In other Quotient Technology news, Chairman Steven R. Boal sold 50,000 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $15.50, for a total value of $775,000.00. Following the sale, the chairman now owns 3,168,672 shares in the company, valued at $49,114,416. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 150,000 shares of company stock worth $2,180,500. Insiders own 9.50% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in QUOT. SG Americas Securities LLC bought a new position in shares of Quotient Technology during the 1st quarter worth $127,000. Sei Investments Co. bought a new position in shares of Quotient Technology during the 2nd quarter worth $150,000. Xact Kapitalforvaltning AB bought a new position in shares of Quotient Technology during the 1st quarter worth $185,000. BB&T Securities LLC bought a new position in shares of Quotient Technology during the 2nd quarter worth $193,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Quotient Technology by 39.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 16,978 shares of the technology company’s stock worth $222,000 after buying an additional 4,823 shares in the last quarter. Institutional investors and hedge funds own 75.20% of the company’s stock.
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.
Further Reading: Market Capitalization in the Stock Market
To view ValuEngine’s full report, visit ValuEngine’s official website.
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