Quotient Technology (NYSE:QUOT) had its price objective upped by First Analysis to $18.00 in a report released on Tuesday, The Fly reports. The firm currently has an overweight rating on the technology company’s stock.
A number of other equities research analysts have also recently issued reports on the stock. Oppenheimer began coverage on shares of Quotient Technology in a report on Wednesday, February 21st. They set an outperform rating and a $16.00 target price on the stock. ValuEngine raised shares of Quotient Technology from a sell rating to a hold rating in a report on Tuesday, February 20th. Zacks Investment Research raised shares of Quotient Technology from a sell rating to a hold rating in a report on Thursday, February 15th. Finally, Wedbush reissued an outperform rating and set a $17.00 target price on shares of Quotient Technology in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The company has an average rating of Buy and an average price target of $17.63.
Shares of Quotient Technology (QUOT) opened at $14.40 on Tuesday. The company has a current ratio of 6.03, a quick ratio of 6.03 and a debt-to-equity ratio of 0.37. Quotient Technology has a 1-year low of $9.10 and a 1-year high of $17.85. The stock has a market cap of $1,368.08, a price-to-earnings ratio of -84.70, a price-to-earnings-growth ratio of 9.47 and a beta of -0.26.
In related news, Director Steven Michael Horowitz sold 56,300 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $13.18, for a total value of $742,034.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Steven R. Boal sold 50,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $13.20, for a total value of $660,000.00. Following the completion of the transaction, the chairman now directly owns 3,300,146 shares in the company, valued at approximately $43,561,927.20. The disclosure for this sale can be found here. 11.46% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in QUOT. Amalgamated Bank bought a new position in Quotient Technology in the fourth quarter valued at $121,000. Capital Fund Management S.A. bought a new position in Quotient Technology in the fourth quarter valued at $140,000. Wolverine Trading LLC increased its stake in Quotient Technology by 119.8% in the fourth quarter. Wolverine Trading LLC now owns 12,140 shares of the technology company’s stock valued at $143,000 after acquiring an additional 6,617 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Quotient Technology by 116.7% in the third quarter. Great West Life Assurance Co. Can now owns 11,269 shares of the technology company’s stock valued at $175,000 after acquiring an additional 6,069 shares during the last quarter. Finally, Ellington Management Group LLC bought a new position in Quotient Technology in the fourth quarter valued at $199,000. 74.75% of the stock is currently owned by institutional investors and hedge funds.
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Quotient Technology Company Profile
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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