Quotient Technology Inc (NYSE:QUOT) has been assigned an average recommendation of “Buy” from the ten analysts that are covering the company. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $15.83.
A number of brokerages have recently commented on QUOT. Wedbush reissued an “outperform” rating and issued a $16.00 price objective on shares of Quotient Technology in a research report on Friday, February 10th. Loop Capital reissued a “buy” rating and issued a $16.00 price objective on shares of Quotient Technology in a research report on Wednesday, December 28th. TheStreet raised shares of Quotient Technology from a “d+” rating to a “c” rating in a research report on Monday, March 6th. Zacks Investment Research raised shares of Quotient Technology from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Friday, February 17th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $15.00 price objective on shares of Quotient Technology in a research report on Tuesday, February 7th.
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In related news, CEO Steven R. Boal sold 20,000 shares of Quotient Technology stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $10.96, for a total transaction of $219,200.00. Following the completion of the sale, the chief executive officer now owns 1,214,605 shares of the company’s stock, valued at approximately $13,312,070.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder John Howard Burbank III sold 111,378 shares of Quotient Technology stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $12.95, for a total transaction of $1,442,345.10. The disclosure for this sale can be found here. In the last three months, insiders sold 137,272 shares of company stock valued at $1,737,193. Insiders own 11.99% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Loomis Sayles & Co. L P increased its stake in shares of Quotient Technology by 17.5% in the fourth quarter. Loomis Sayles & Co. L P now owns 897,990 shares of the technology company’s stock valued at $9,653,000 after buying an additional 133,605 shares during the last quarter. Suntrust Banks Inc. increased its stake in shares of Quotient Technology by 32.2% in the third quarter. Suntrust Banks Inc. now owns 25,311 shares of the technology company’s stock valued at $336,000 after buying an additional 6,166 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Quotient Technology by 24.6% in the third quarter. Bank of New York Mellon Corp now owns 364,596 shares of the technology company’s stock valued at $4,852,000 after buying an additional 71,977 shares during the last quarter. US Bancorp DE increased its stake in shares of Quotient Technology by 6.4% in the third quarter. US Bancorp DE now owns 27,028 shares of the technology company’s stock valued at $360,000 after buying an additional 1,618 shares during the last quarter. Finally, Columbia Wanger Asset Management LLC increased its stake in shares of Quotient Technology by 29.1% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 3,366,499 shares of the technology company’s stock valued at $36,190,000 after buying an additional 758,327 shares during the last quarter. 69.88% of the stock is owned by institutional investors and hedge funds.
Quotient Technology (NYSE:QUOT) traded up 0.94% during trading on Monday, hitting $10.70. 206,106 shares of the stock traded hands. The company’s 50 day moving average is $10.36 and its 200 day moving average is $11.21. The company’s market capitalization is $953.77 million. Quotient Technology has a one year low of $9.10 and a one year high of $14.36.
Quotient Technology (NYSE:QUOT) last announced its quarterly earnings data on Thursday, February 9th. The technology company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Quotient Technology had a negative net margin of 7.08% and a negative return on equity of 3.81%. The company earned $75.40 million during the quarter, compared to the consensus estimate of $69.97 million. During the same quarter last year, the firm posted ($0.04) EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Quotient Technology will post $0.25 EPS for the current fiscal year.
About Quotient Technology
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.
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