First Analysis upgraded shares of Quotient Technology (NYSE:QUOT) from an outperform rating to a strong-buy rating in a research note issued to investors on Thursday morning, Briefing.com Automated Import reports. They currently have $13.00 target price on the technology company’s stock, up from their prior target price of $11.00.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.
Other research analysts also recently issued reports about the company. Zacks Investment Research raised Quotient Technology from a hold rating to a buy rating and set a $9.50 target price on the stock in a report on Wednesday, October 30th. Dougherty & Co lowered Quotient Technology from a buy rating to a neutral rating in a research report on Wednesday, August 7th. ValuEngine lowered Quotient Technology from a buy rating to a hold rating in a research report on Monday, July 22nd. Craig Hallum lowered their price objective on Quotient Technology from $20.00 to $14.00 and set a buy rating for the company in a research report on Wednesday, August 7th. Finally, Bank of America lowered Quotient Technology from a buy rating to an underperform rating and lowered their price objective for the stock from $17.00 to $10.00 in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Quotient Technology presently has a consensus rating of Buy and an average price target of $12.50.
QUOT traded up $0.13 during midday trading on Thursday, hitting $10.41. 505,677 shares of the company were exchanged, compared to its average volume of 630,391. The firm has a market capitalization of $840.82 million, a P/E ratio of -43.38 and a beta of 0.01. Quotient Technology has a 1-year low of $6.92 and a 1-year high of $13.30. The firm’s 50 day moving average price is $8.26 and its 200-day moving average price is $9.37. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.53.
Quotient Technology (NYSE:QUOT) last announced its earnings results on Wednesday, November 6th. The technology company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. The firm had revenue of $114.83 million for the quarter, compared to the consensus estimate of $109.73 million. Quotient Technology had a negative return on equity of 7.44% and a negative net margin of 7.12%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.08) EPS. On average, sell-side analysts predict that Quotient Technology will post -0.44 earnings per share for the current fiscal year.
In other news, insider Jason Young sold 7,500 shares of Quotient Technology stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $8.16, for a total value of $61,200.00. Following the completion of the transaction, the insider now directly owns 174,916 shares of the company’s stock, valued at approximately $1,427,314.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 10.00% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Concourse Capital Management LLC increased its position in Quotient Technology by 325.0% in the 2nd quarter. Concourse Capital Management LLC now owns 228,660 shares of the technology company’s stock valued at $2,456,000 after buying an additional 174,860 shares in the last quarter. Bernzott Capital Advisors increased its position in Quotient Technology by 1.1% in the 2nd quarter. Bernzott Capital Advisors now owns 2,518,045 shares of the technology company’s stock valued at $27,044,000 after buying an additional 28,310 shares in the last quarter. Gradient Investments LLC bought a new stake in Quotient Technology in the 2nd quarter valued at about $1,111,000. Trigran Investments Inc. increased its position in Quotient Technology by 138.6% in the 2nd quarter. Trigran Investments Inc. now owns 1,062,264 shares of the technology company’s stock valued at $11,409,000 after buying an additional 616,967 shares in the last quarter. Finally, Ellington Management Group LLC bought a new stake in Quotient Technology in the 2nd quarter valued at about $164,000. 71.01% of the stock is owned by institutional investors and hedge funds.
About Quotient Technology
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.