Zacks Investment Research upgraded shares of Quotient Technology (NYSE:QUOT) from a sell rating to a hold rating in a research note published on Wednesday.
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. “
Separately, ValuEngine cut shares of Quotient Technology from a buy rating to a hold rating in a research report on Tuesday, October 9th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $17.00.
Shares of QUOT opened at $11.35 on Wednesday. Quotient Technology has a fifty-two week low of $10.08 and a fifty-two week high of $15.98. The company has a market capitalization of $1.09 billion, a PE ratio of -87.31 and a beta of 0.36. The company has a debt-to-equity ratio of 0.40, a current ratio of 6.27 and a quick ratio of 6.27.
Quotient Technology (NYSE:QUOT) last announced its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Quotient Technology had a negative return on equity of 3.11% and a negative net margin of 5.27%. The business had revenue of $103.60 million during the quarter, compared to analysts’ expectations of $102.99 million. During the same period in the previous year, the company posted ($0.12) EPS. Quotient Technology’s revenue for the quarter was up 26.3% on a year-over-year basis. As a group, equities analysts expect that Quotient Technology will post -0.27 EPS for the current year.
In related news, insider Steven R. Boal sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $12.64, for a total transaction of $632,000.00. Following the completion of the transaction, the insider now owns 3,068,672 shares in the company, valued at approximately $38,788,014.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Chad Summe sold 2,903 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $12.42, for a total transaction of $36,055.26. Following the transaction, the chief operating officer now owns 125,454 shares of the company’s stock, valued at approximately $1,558,138.68. The disclosure for this sale can be found here. Insiders sold a total of 152,903 shares of company stock valued at $1,892,055 in the last ninety days. Corporate insiders own 9.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of QUOT. BlackRock Inc. raised its stake in shares of Quotient Technology by 10.7% during the 2nd quarter. BlackRock Inc. now owns 5,149,850 shares of the technology company’s stock worth $67,464,000 after acquiring an additional 498,152 shares in the last quarter. Elk Creek Partners LLC raised its stake in shares of Quotient Technology by 7.1% during the 3rd quarter. Elk Creek Partners LLC now owns 3,362,206 shares of the technology company’s stock worth $52,114,000 after acquiring an additional 222,869 shares in the last quarter. Moody Aldrich Partners LLC bought a new position in shares of Quotient Technology during the 2nd quarter worth approximately $2,791,000. Vanguard Group Inc. raised its stake in shares of Quotient Technology by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 7,141,078 shares of the technology company’s stock worth $110,687,000 after acquiring an additional 202,053 shares in the last quarter. Finally, Vanguard Group Inc raised its stake in shares of Quotient Technology by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 7,141,078 shares of the technology company’s stock worth $110,687,000 after acquiring an additional 202,053 shares in the last quarter. Hedge funds and other institutional investors own 76.39% of the company’s stock.
Quotient Technology Company Profile
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.
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