First Analysis upgraded shares of Quotient Technology (NYSE:QUOT) from an outperform rating to a strong-buy rating in a report published 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.
A number of other research analysts have also recently issued reports on QUOT. Oppenheimer set a $10.00 price objective on shares of Quotient Technology and gave the company a buy rating in a report on Monday, August 12th. Craig Hallum reduced their price objective on shares of Quotient Technology from $20.00 to $14.00 and set a buy rating for the company in a report on Wednesday, August 7th. Dougherty & Co cut shares of Quotient Technology from a buy rating to a neutral rating in a report on Wednesday, August 7th. ValuEngine cut shares of Quotient Technology from a buy rating to a hold rating in a report on Monday, July 22nd. Finally, Zacks Investment Research upgraded shares of Quotient Technology from a hold rating to a buy rating and set a $9.50 price objective for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $12.50.
QUOT traded up $0.13 during midday trading on Thursday, hitting $10.41. The company had a trading volume of 505,677 shares, compared to its average volume of 630,391. Quotient Technology has a 52 week low of $6.92 and a 52 week high of $13.30. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $840.82 million, a price-to-earnings ratio of -43.38 and a beta of 0.01. The stock’s 50 day moving average price is $8.26 and its 200 day moving average price is $9.37.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.01. The firm had revenue of $114.83 million during the quarter, compared to the consensus estimate of $109.73 million. Quotient Technology had a negative net margin of 7.12% and a negative return on equity of 7.44%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.08) earnings per share. Research analysts predict that Quotient Technology will post -0.44 EPS for the current year.
In related news, insider Jason Young sold 7,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $8.16, for a total transaction of $61,200.00. Following the transaction, the insider now directly owns 174,916 shares in the company, valued at $1,427,314.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.00% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the business. Aperio Group LLC bought a new stake in Quotient Technology in the second quarter worth about $49,000. Bank of Montreal Can bought a new stake in Quotient Technology in the second quarter worth about $71,000. Advisor Group Inc. raised its position in Quotient Technology by 16.9% in the second quarter. Advisor Group Inc. now owns 6,704 shares of the technology company’s stock worth $72,000 after acquiring an additional 967 shares during the period. Marshall Wace LLP bought a new stake in Quotient Technology in the first quarter worth about $95,000. Finally, Fox Run Management L.L.C. bought a new stake in Quotient Technology in the second quarter worth about $108,000. 71.01% of the stock is currently 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.
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