Quotient Technology (QUOT) Upgraded to “Buy” at ValuEngine

Quotient Technology (NYSE:QUOT) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other brokerages have also commented on QUOT. First Analysis lifted their price objective on Quotient Technology to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, March 13th. William Blair reaffirmed an “outperform” rating on shares of Quotient Technology in a report on Monday, April 16th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Quotient Technology in a report on Sunday, April 29th. Oppenheimer assumed coverage on Quotient Technology in a report on Wednesday, February 21st. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, Zacks Investment Research raised Quotient Technology from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $17.63.

Shares of QUOT opened at $13.45 on Wednesday. Quotient Technology has a one year low of $13.15 and a one year high of $13.35. The firm has a market capitalization of $1.27 billion, a P/E ratio of -103.46, a PEG ratio of 8.87 and a beta of -0.25.

Quotient Technology (NYSE:QUOT) last issued its quarterly earnings data on Tuesday, May 1st. The technology company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.03). Quotient Technology had a negative return on equity of 3.30% and a negative net margin of 7.07%. The firm had revenue of $86.77 million during the quarter, compared to the consensus estimate of $86.29 million. analysts forecast that Quotient Technology will post 0.1 EPS for the current fiscal year.

In other Quotient Technology news, Director Steven Michael Horowitz sold 56,300 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $13.18, for a total transaction of $742,034.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Steven R. Boal sold 50,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $13.20, for a total value of $660,000.00. Following the sale, the chairman now directly owns 3,300,146 shares of the company’s stock, valued at approximately $43,561,927.20. The disclosure for this sale can be found here. Insiders have sold 206,300 shares of company stock valued at $2,784,534 in the last three months. 9.50% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Spark Investment Management LLC bought a new stake in Quotient Technology during the fourth quarter valued at about $3,476,000. BlackRock Inc. boosted its stake in shares of Quotient Technology by 1.4% in the fourth quarter. BlackRock Inc. now owns 4,613,919 shares of the technology company’s stock worth $54,214,000 after acquiring an additional 63,949 shares during the period. Deutsche Bank AG boosted its stake in shares of Quotient Technology by 446.7% in the fourth quarter. Deutsche Bank AG now owns 531,299 shares of the technology company’s stock worth $6,241,000 after acquiring an additional 434,114 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Quotient Technology by 59.0% in the third quarter. Wells Fargo & Company MN now owns 78,346 shares of the technology company’s stock worth $1,227,000 after acquiring an additional 29,085 shares during the period. Finally, Hudson Bay Capital Management LP boosted its stake in shares of Quotient Technology by 823.8% in the fourth quarter. Hudson Bay Capital Management LP now owns 92,381 shares of the technology company’s stock worth $1,085,000 after acquiring an additional 82,381 shares during the period. 74.69% of the stock is owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Quotient Technology (NYSE:QUOT)

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