The Quotient Technology Inc. (QUOT) Upgrade to “Outperform” by Royal Bank Of Canada

The Quotient Technology Inc. (QUOT) Upgrade to “Outperform” by Royal Bank Of Canada

Quotient Technology Inc. (NYSE:QUOT) was upgraded by equities researchers at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research note issued on Wednesday. The firm presently has a $15.00 price target on the stock, up from their prior price target of $14.00. Royal Bank Of Canada’s target price indicates a potential upside of 25.00% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Quotient Technology from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Boenning Scattergood reiterated a “buy” rating and set a $15.00 price objective on shares of Quotient Technology in a research report on Friday, September 30th. Dougherty & Co upgraded shares of Quotient Technology from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Wednesday, September 14th. TheStreet cut shares of Quotient Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Finally, Loop Capital assumed coverage on shares of Quotient Technology in a research report on Wednesday, August 10th. They set a “buy” rating and a $16.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $14.36.

Quotient Technology (NYSE:QUOT) remained flat at $12.00 during midday trading on Wednesday. 104,318 shares of the company’s stock were exchanged. Quotient Technology has a 12 month low of $5.00 and a 12 month high of $14.36. 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 (NYSE:QUOT) last released its earnings results on Tuesday, November 1st. The company reported ($0.13) EPS 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 the consensus estimate of $66.17 million. During the same quarter in the previous year, the business posted ($0.12) EPS. Quotient Technology’s revenue was up 17.7% on a year-over-year basis. On average, analysts anticipate that Quotient Technology will post $0.08 EPS for the current year.

In other news, insider Connie Chen sold 3,464 shares of Quotient Technology stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $13.27, for a total transaction of $45,967.28. Following the completion of the sale, the insider now directly owns 12,989 shares in the company, valued at $172,364.03. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mir Aamir sold 49,345 shares of Quotient Technology stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $11.27, for a total value of $556,118.15. The disclosure for this sale can be found here. Company insiders own 11.99% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in Quotient Technology by 30.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 9,643,059 shares of the company’s stock valued at $128,349,000 after buying an additional 2,273,700 shares during the period. Granite Investment Partners LLC increased its stake in Quotient Technology by 91.5% in the third quarter. Granite Investment Partners LLC now owns 1,125,219 shares of the company’s stock valued at $14,976,000 after buying an additional 537,696 shares during the period. Columbia Wanger Asset Management LLC increased its stake in Quotient Technology by 11.9% in the second quarter. Columbia Wanger Asset Management LLC now owns 4,544,706 shares of the company’s stock valued at $60,945,000 after buying an additional 483,905 shares during the period. Elk Creek Partners LLC acquired a new stake in Quotient Technology during the second quarter valued at $3,188,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in Quotient Technology during the second quarter valued at $5,316,000. Institutional investors and hedge funds own 70.82% of the company’s stock.

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