Quotient Technology (QUOT) Rating Increased to Hold at Zacks Investment Research
Quotient Technology (NYSE:QUOT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
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. “
Separately, ValuEngine raised shares of Quotient Technology from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Quotient Technology currently has an average rating of “Buy” and an average target price of $17.00.
Quotient Technology (NYSE:QUOT) last issued its earnings results on Wednesday, November 7th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04). The company had revenue of $103.60 million for the quarter, compared to the consensus estimate of $102.99 million. Quotient Technology had a negative return on equity of 3.11% and a negative net margin of 5.27%. The firm’s revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.12) earnings per share. On average, sell-side analysts forecast that Quotient Technology will post -0.27 earnings per share for the current fiscal year.
In other Quotient Technology news, COO Chad Summe sold 2,903 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $12.42, for a total value of $36,055.26. Following the transaction, the chief operating officer now directly owns 125,454 shares of the company’s stock, valued at $1,558,138.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven R. Boal sold 50,000 shares of the firm’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $11.41, for a total transaction of $570,500.00. Following the completion of the transaction, the insider now directly owns 3,423,628 shares in the company, valued at $39,063,595.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,903 shares of company stock worth $1,892,055. 9.50% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. bought a new position in shares of Quotient Technology in the second quarter valued at $150,000. Glenmede Trust Co. NA lifted its stake in shares of Quotient Technology by 55.3% in the third quarter. Glenmede Trust Co. NA now owns 13,840 shares of the technology company’s stock valued at $213,000 after buying an additional 4,930 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in shares of Quotient Technology by 119.1% in the third quarter. Public Employees Retirement Association of Colorado now owns 13,847 shares of the technology company’s stock valued at $215,000 after buying an additional 7,528 shares in the last quarter. BB&T Securities LLC bought a new position in shares of Quotient Technology in the second quarter valued at $193,000. Finally, We Are One Seven LLC purchased a new stake in shares of Quotient Technology in the third quarter valued at about $233,000. 76.39% of the stock is currently owned by hedge funds and other institutional investors.
About Quotient Technology
Quotient Technology Inc provides digital marketing platform that offers digital coupons and media solutions to consumer packaged goods (CPGs) brands, retailers, and shoppers in the United States. The company operates its platform across various distribution networks, reaching approximately 60 million shoppers, including the app and Website of its flagship consumer brand, Coupons.com, other owned and operated properties, and various publisher partners.
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