Quotient Technology Inc. (QUOT) Rating Lowered to Sell at BidaskClub

Quotient Technology Inc. (NYSE:QUOT) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, November 7th.

Several other brokerages have also weighed in on QUOT. Dougherty & Co restated a “buy” rating and issued a $20.00 price objective (up previously from $16.00) on shares of Quotient Technology in a report on Wednesday, October 4th. First Analysis initiated coverage on Quotient Technology in a report on Monday, October 9th. They issued an “overweight” rating and a $21.00 price objective for the company. ValuEngine upgraded Quotient Technology from a “sell” rating to a “hold” rating in a report on Friday, September 1st. TheStreet upgraded Quotient Technology from a “d+” rating to a “c-” rating in a report on Tuesday, August 1st. Finally, Wedbush reaffirmed an “ourperform” rating and set a $16.00 target price on shares of Quotient Technology in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Quotient Technology presently has an average rating of “Buy” and an average target price of $17.88.

Shares of Quotient Technology (NYSE QUOT) traded up $0.05 during mid-day trading on Tuesday, reaching $12.20. The company’s stock had a trading volume of 188,132 shares, compared to its average volume of 1,051,321. Quotient Technology has a one year low of $9.10 and a one year high of $17.85.

Quotient Technology (NYSE:QUOT) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.10). The business had revenue of $81.95 million for the quarter, compared to analyst estimates of $83.24 million. Quotient Technology had a negative return on equity of 4.96% and a negative net margin of 5.17%. The company’s revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.13) EPS. sell-side analysts expect that Quotient Technology will post -0.14 earnings per share for the current fiscal year.

In other Quotient Technology news, CEO Steven R. Boal sold 121,847 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $14.83, for a total value of $1,806,991.01. Following the transaction, the chief executive officer now owns 725,991 shares in the company, valued at $10,766,446.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew J. Gessow bought 5,000 shares of the stock in a transaction on Thursday, November 16th. The stock was purchased at an average price of $12.25 per share, for a total transaction of $61,250.00. The disclosure for this purchase can be found here. Insiders have sold 1,174,783 shares of company stock worth $19,203,133 over the last three months. 11.99% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of QUOT. Bamco Inc. NY boosted its stake in shares of Quotient Technology by 7.5% during the 3rd quarter. Bamco Inc. NY now owns 215,000 shares of the technology company’s stock worth $3,365,000 after acquiring an additional 15,000 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of Quotient Technology during the 3rd quarter worth about $496,000. Royce & Associates LP bought a new stake in shares of Quotient Technology during the 3rd quarter worth about $2,520,000. Senvest Management LLC boosted its stake in shares of Quotient Technology by 36.3% during the 3rd quarter. Senvest Management LLC now owns 3,628,876 shares of the technology company’s stock worth $56,792,000 after acquiring an additional 966,309 shares in the last quarter. Finally, OxFORD Asset Management LLP bought a new stake in shares of Quotient Technology during the 3rd quarter worth about $502,000. Hedge funds and other institutional investors own 72.89% of the company’s stock.

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Quotient Technology Company Profile

Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.

Analyst Recommendations for Quotient Technology (NYSE:QUOT)

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