Todays Report: The Quotient Technology Inc. (QUOT) Upgrade to Outperform at RBC Capital Markets

The Quotient Technology Inc. (QUOT) Upgrade to Outperform at RBC Capital Markets

Quotient Technology Inc. (NYSE:QUOT) was upgraded by equities researchers at RBC Capital Markets from a “sector perform” rating to an “outperform” rating in a research note issued on Wednesday. The brokerage currently has a $15.00 price objective on the stock, up from their prior price objective of $14.00. RBC Capital Markets’ price target suggests a potential upside of 25.00% from the stock’s current price.

A number of other research firms also recently weighed in on QUOT. Boenning Scattergood assumed coverage on Quotient Technology in a research report on Thursday, September 29th. They set an “outperform” rating on the stock. TheStreet downgraded Quotient Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Loop Capital assumed coverage on Quotient Technology in a research report on Wednesday, August 10th. They set a “buy” rating and a $16.00 target price on the stock. Bank of America Corp. set a $15.00 target price on Quotient Technology and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Finally, Wedbush lifted their target price on Quotient Technology from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. Quotient Technology currently has an average rating of “Buy” and an average target price of $14.36.

Shares of Quotient Technology (NYSE:QUOT) remained flat at $12.00 during trading on Wednesday. The company had a trading volume of 104,318 shares. The firm’s 50-day moving average price is $11.51 and its 200-day moving average price is $12.46. The company’s market cap is $1.06 billion. Quotient Technology has a 12-month low of $5.00 and a 12-month high of $14.36.

Quotient Technology (NYSE:QUOT) last released its earnings results on Tuesday, November 1st. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $66.17 million. During the same period last year, the business earned ($0.12) earnings per share. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. Analysts anticipate that Quotient Technology will post $0.08 EPS for the current fiscal year.

In related news, insider Connie Chen sold 3,464 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $13.27, for a total value of $45,967.28. Following the completion of the transaction, the insider now owns 12,989 shares in the company, valued at approximately $172,364.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven R. Boal sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $12.98, for a total transaction of $259,600.00. Following the completion of the transaction, the chief executive officer now owns 1,314,605 shares of the company’s stock, valued at approximately $17,063,572.90. The disclosure for this sale can be found here. 11.99% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in 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 during the period. Zacks Investment Management bought a new position in Quotient Technology during the second quarter valued at $166,000. Bayesian Capital Management LP bought a new position in Quotient Technology during the first quarter valued at $171,000. Parametric Portfolio Associates LLC bought a new position in Quotient Technology during the second quarter valued at $174,000. Finally, SG Americas Securities LLC bought a new position in Quotient Technology during the third quarter valued at $177,000. Hedge funds and other institutional investors own 70.82% of the company’s stock.

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