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.
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.
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