Quotient Technology (NYSE:QUOT) Lifted to Hold at Zacks Investment Research

Share on StockTwits

Zacks Investment Research upgraded shares of Quotient Technology (NYSE:QUOT) from a sell rating to a hold rating in a research report released on Thursday morning, Zacks.com reports.

According to Zacks, “Quotient Technology Inc. provides digital promotion and media platform which connects brands, retailers and consumers. It offers digital coupons, including coupon codes and media and advertising through its platform which includes Web, mobile and social channels as well as consumer packaged goods companies, retailers and publishers. Quotient Technology Inc., formerly known as Coupons.com, is headquartered in Mountain View, California. “

Other research analysts also recently issued research reports about the stock. Oppenheimer set a $10.00 target price on shares of Quotient Technology and gave the stock a buy rating in a report on Monday, August 12th. Craig Hallum dropped their target price 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. First Analysis raised shares of Quotient Technology from an outperform rating to a strong-buy rating and upped their target price for the stock from $11.00 to $13.00 in a report on Thursday, November 7th. Dougherty & Co raised shares of Quotient Technology from a neutral rating to a buy rating and set a $14.00 target price for the company in a report on Monday, November 18th. Finally, ValuEngine raised shares of Quotient Technology from a buy rating to a strong-buy rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have 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 $12.65.

Shares of Quotient Technology stock opened at $10.43 on Thursday. The company has a market capitalization of $941.51 million, a P/E ratio of -43.46 and a beta of 0.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.15 and a current ratio of 3.15. The company has a fifty day moving average of $9.36 and a 200 day moving average of $9.46. Quotient Technology has a fifty-two week low of $6.92 and a fifty-two week high of $12.88.

Quotient Technology (NYSE:QUOT) last issued its earnings results on Wednesday, November 6th. The technology company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.01. The company 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 7.53% and a negative return on equity of 8.79%. Quotient Technology’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) EPS. Analysts forecast that Quotient Technology will post -0.45 EPS for the current year.

In other Quotient Technology news, insider Jason Young sold 7,500 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $8.16, for a total value of $61,200.00. Following the sale, the insider now owns 174,916 shares in the company, valued at approximately $1,427,314.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew J. Gessow purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was bought at an average price of $10.50 per share, for a total transaction of $52,500.00. Following the purchase, the director now owns 16,619 shares in the company, valued at $174,499.50. The disclosure for this purchase can be found here. 10.00% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in QUOT. Trigran Investments Inc. lifted its stake 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 worth $11,409,000 after purchasing an additional 616,967 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in Quotient Technology in the 2nd quarter worth $6,620,000. BlackRock Inc. lifted its stake in Quotient Technology by 4.2% in the 2nd quarter. BlackRock Inc. now owns 5,781,316 shares of the technology company’s stock worth $62,094,000 after purchasing an additional 231,429 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in Quotient Technology in the 3rd quarter worth $1,589,000. Finally, Concourse Capital Management LLC lifted its stake 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 worth $2,456,000 after purchasing an additional 174,860 shares in the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.

Quotient Technology Company Profile

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.

Further Reading: Stop Order Uses For Individual Investors

Get a free copy of the Zacks research report on Quotient Technology (QUOT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Quotient Technology (NYSE:QUOT)

Receive News & Ratings for Quotient Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quotient Technology and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.