Trade Report: The Quotient Technology Inc. (QUOT) Upgrade to Buy at Maxim Group

The Quotient Technology Inc. (QUOT) Upgrade to Buy at Maxim Group

Quotient Technology Inc. (NYSE:QUOT) was upgraded by research analysts at Maxim Group from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage presently has a $15.00 price objective on the stock. Maxim Group’s price objective would suggest a potential upside of 25.00% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Quotient Technology from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. Boenning Scattergood initiated coverage on Quotient Technology in a research note on Thursday, September 29th. They issued an “outperform” rating on the stock. RBC Capital Markets raised Quotient Technology from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $14.00 to $15.00 in a research note on Wednesday, November 2nd. Loop Capital initiated coverage on Quotient Technology in a research note on Wednesday, August 10th. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, Wedbush raised their price objective on Quotient Technology from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $14.36.

Shares of Quotient Technology (NYSE:QUOT) remained flat at $12.00 during trading on Wednesday. The company’s stock had a trading volume of 104,318 shares. The stock has a 50 day moving average price of $11.51 and a 200 day moving average price of $12.46. Quotient Technology has a 52-week low of $5.00 and a 52-week high of $14.36. The firm’s market cap is $1.06 billion.

Quotient Technology (NYSE:QUOT) last posted its quarterly earnings results on Tuesday, November 1st. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.14. Quotient Technology had a negative return on equity of 5.14% and a negative net margin of 9.88%. The firm had revenue of $66.47 million for the quarter, compared to analysts’ expectations of $66.17 million. During the same period last year, the business earned ($0.12) earnings per share. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, equities research analysts anticipate that Quotient Technology will post $0.08 earnings per share for the current fiscal year.

In related news, insider Connie Chen sold 3,464 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $13.27, for a total value of $45,967.28. Following the sale, the insider now owns 12,989 shares of the company’s stock, valued at approximately $172,364.03. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dawn G. Lepore sold 3,100 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $12.01, for a total value of $37,231.00. Following the completion of the sale, the director now directly owns 117,197 shares in the company, valued at approximately $1,407,535.97. The disclosure for this sale can be found here. Insiders own 11.99% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its stake in shares of Quotient Technology by 38.4% in the second quarter. Teacher Retirement System of Texas now owns 9,892 shares of the company’s stock valued at $133,000 after buying an additional 2,747 shares in the last quarter. Zacks Investment Management acquired a new position in shares of Quotient Technology during the second quarter valued at about $166,000. Parametric Portfolio Associates LLC acquired a new position in shares of Quotient Technology during the second quarter valued at about $174,000. SG Americas Securities LLC acquired a new position in shares of Quotient Technology during the third quarter valued at about $177,000. Finally, Prudential Financial Inc. acquired a new position in shares of Quotient Technology during the third quarter valued at about $183,000. 70.82% of the stock is currently owned by institutional investors and hedge funds.

Quotient Technology Company Profile

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