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

ValuEngine upgraded shares of Quotient Technology (NYSE:QUOT) from a hold rating to a buy rating in a research report report published on Wednesday, May 16th.

Several other equities research analysts have also issued reports on QUOT. Oppenheimer assumed coverage on shares of Quotient Technology in a report on Wednesday, February 21st. They set an outperform rating and a $16.00 price target on the stock. Zacks Investment Research raised shares of Quotient Technology from a sell rating to a hold rating in a report on Thursday, February 15th. Wedbush reiterated an outperform rating and set a $17.00 target price on shares of Quotient Technology in a research report on Monday, February 12th. William Blair reiterated an outperform rating on shares of Quotient Technology in a research report on Monday, April 16th. Finally, First Analysis lifted their target price on shares of Quotient Technology to $18.00 and gave the stock an overweight rating in a research report on Tuesday, March 13th. One 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’s stock. The stock currently has an average rating of Buy and a consensus target price of $17.63.

Shares of Quotient Technology opened at $13.45 on Wednesday, according to Marketbeat. The firm has a market cap of $1.32 billion, a P/E ratio of -103.46, a price-to-earnings-growth ratio of 9.20 and a beta of -0.25. Quotient Technology has a 12 month low of $10.35 and a 12 month high of $17.85.

Quotient Technology (NYSE:QUOT) last posted its earnings results on Tuesday, May 1st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $86.77 million for the quarter, compared to analyst estimates of $86.29 million. analysts forecast that Quotient Technology will post 0.1 EPS for the current fiscal year.

In other news, Chairman Steven R. Boal sold 50,000 shares of the stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $14.31, for a total value of $715,500.00. Following the sale, the chairman now directly owns 3,237,445 shares of the company’s stock, valued at $46,327,837.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrew J. Gessow purchased 10,000 shares of the stock in a transaction dated Friday, May 4th. The stock was purchased at an average cost of $12.55 per share, for a total transaction of $125,500.00. The disclosure for this purchase can be found here. Insiders sold a total of 150,000 shares of company stock worth $2,049,500 over the last three months. 9.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of QUOT. Wells Fargo & Company MN grew its position in Quotient Technology by 59.0% during the third quarter. Wells Fargo & Company MN now owns 78,346 shares of the technology company’s stock valued at $1,227,000 after acquiring an additional 29,085 shares during the last quarter. Bank of Montreal Can bought a new position in Quotient Technology during the fourth quarter valued at approximately $1,093,000. Schwab Charles Investment Management Inc. grew its position in Quotient Technology by 6.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 366,584 shares of the technology company’s stock valued at $4,308,000 after acquiring an additional 22,414 shares during the last quarter. Cowen Prime Services LLC grew its position in Quotient Technology by 38.6% during the fourth quarter. Cowen Prime Services LLC now owns 1,028,850 shares of the technology company’s stock valued at $12,089,000 after acquiring an additional 286,800 shares during the last quarter. Finally, P.A.W. Capital Corp purchased a new stake in shares of Quotient Technology during the fourth quarter valued at approximately $1,880,000. Institutional investors and hedge funds own 75.02% 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.

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

Analyst Recommendations for Quotient Technology (NYSE:QUOT)

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