Quotient Technology (NYSE:QUOT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports.
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. “
A number of other analysts have also recently commented on the stock. Dougherty & Co raised shares of Quotient Technology from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Monday, November 18th. ValuEngine raised shares of Quotient Technology from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, First Analysis raised shares of Quotient Technology from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $11.00 to $13.00 in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $12.65.
QUOT opened at $10.90 on Friday. Quotient Technology has a fifty-two week low of $6.92 and a fifty-two week high of $12.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.15 and a current ratio of 3.15. The company has a fifty day moving average of $10.00 and a two-hundred day moving average of $9.48. The stock has a market capitalization of $965.53 million, a price-to-earnings ratio of -45.42 and a beta of 0.07.
Quotient Technology (NYSE:QUOT) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. Quotient Technology had a negative net margin of 7.53% and a negative return on equity of 8.79%. The company had revenue of $114.83 million during the quarter, compared to analysts’ expectations of $109.73 million. During the same quarter in the previous year, the company earned ($0.08) earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities research analysts forecast that Quotient Technology will post -0.45 earnings per share for the current year.
In related news, insider Jason Young sold 7,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $8.16, for a total transaction of $61,200.00. Following the completion of the sale, the insider now owns 174,916 shares of the company’s stock, valued at approximately $1,427,314.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew J. Gessow acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average cost of $10.50 per share, with a total value of $52,500.00. Following the purchase, the director now owns 16,619 shares in the company, valued at approximately $174,499.50. The disclosure for this purchase can be found here. 10.00% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in QUOT. Aperio Group LLC purchased a new stake in Quotient Technology during the 2nd quarter valued at about $49,000. Bank of Montreal Can purchased a new stake in Quotient Technology during the 2nd quarter valued at about $71,000. Advisor Group Inc. grew its stake in Quotient Technology by 16.9% during the 2nd quarter. Advisor Group Inc. now owns 6,704 shares of the technology company’s stock valued at $72,000 after acquiring an additional 967 shares in the last quarter. Marshall Wace LLP purchased a new stake in Quotient Technology during the 1st quarter valued at about $95,000. Finally, Verition Fund Management LLC purchased a new stake in Quotient Technology during the 2nd quarter valued at about $123,000. 69.15% of the stock is owned by institutional investors.
Quotient Technology Company Profile
Quotient Technology Inc, a digital marketing company, provides technology and services that offers integrated digital promotions and media programs for consumer packaged goods (CPGs) brands and retailers. The company offers programs across its network, including its flagship consumer brand Coupons.com and retail partners' properties.
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