Quotient Technology Inc (NYSE:QUOT) has been assigned an average recommendation of “Buy” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $18.00.
QUOT has been the subject of several research reports. ValuEngine raised shares of Quotient Technology from a “hold” rating to a “buy” rating in a report on Wednesday, May 16th. Royal Bank of Canada reissued a “buy” rating and set a $17.00 price objective on shares of Quotient Technology in a report on Sunday, April 29th. Finally, William Blair reissued an “outperform” rating on shares of Quotient Technology in a report on Monday, April 16th.
Shares of Quotient Technology traded up $0.10, hitting $14.65, during mid-day trading on Friday, according to MarketBeat Ratings. 319,300 shares of the company traded hands, compared to its average volume of 429,339. Quotient Technology has a 1 year low of $10.35 and a 1 year high of $17.85. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -112.31 and a beta of -0.24.
In related news, insider Steven R. Boal sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $13.34, for a total transaction of $667,000.00. Following the completion of the sale, the insider now directly owns 3,356,635 shares in the company, valued at $44,777,510.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew J. Gessow bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 4th. The shares were acquired at an average price of $12.55 per share, with a total value of $125,500.00. The disclosure for this purchase can be found here. Insiders have sold 150,000 shares of company stock valued at $2,051,000 over the last three months. 9.50% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC boosted its position in shares of Quotient Technology by 436.8% in the fourth quarter. Millennium Management LLC now owns 2,151,087 shares of the technology company’s stock worth $25,275,000 after purchasing an additional 1,750,384 shares during the period. Renaissance Technologies LLC boosted its position in shares of Quotient Technology by 1,821.1% in the fourth quarter. Renaissance Technologies LLC now owns 618,600 shares of the technology company’s stock worth $7,269,000 after purchasing an additional 586,400 shares during the period. Elk Creek Partners LLC boosted its position in shares of Quotient Technology by 26.2% in the first quarter. Elk Creek Partners LLC now owns 2,814,940 shares of the technology company’s stock worth $36,876,000 after purchasing an additional 583,941 shares during the period. Fiera Capital Corp bought a new position in shares of Quotient Technology in the first quarter worth approximately $5,829,000. Finally, Deutsche Bank AG boosted its position in shares of Quotient Technology by 446.7% in the fourth quarter. Deutsche Bank AG now owns 531,299 shares of the technology company’s stock worth $6,241,000 after purchasing an additional 434,114 shares during the period. Institutional investors own 74.84% of the company’s stock.
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.
Featured Story: Relative Strength Index
Receive News & Ratings for Quotient Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quotient Technology and related companies with MarketBeat.com's FREE daily email newsletter.