In yesterday’s Wall Street session, Quotient Technology Inc. (NYSE:QUOT) shares traded at $3.43, up 10.29% from the previous session.
As of this writing, 3 analysts cover Quotient Technology Inc. (NYSE:QUOT). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $3.50 and a low of $2.90, we find $3.00. Given the previous closing price of $3.11, this indicates a potential downside of -3.54 percent. QUOT stock price is now 16.61% away from the 50-day moving average and -2.85% away from the 200-day moving average. The market capitalization of the company currently stands at $300.71M.
There are 1 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $3.13 as their price target over the next twelve months.
With the price target maintained at $3.50, Rosenblatt recently Upgraded its rating from Neutral to Buy for Quotient Technology Inc. (NYSE: QUOT). On September 09, 2022, Rosenblatt recently initiated its ‘Neutral’ rating on the stock quoting a target price of $3.50, while ‘Craig Hallum’ rates the stock as ‘Hold’.
In other news, Reece Joseph E, Director bought 10,000 shares of the company’s stock on Dec 15. The stock was bought for $31,092 at an average price of $3.11. Upon completion of the transaction, the Director now directly owns 146,535 shares in the company, valued at $0.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29, Director GESSOW ANDREW J bought 15,000 shares of the business’s stock. A total of $45,000 was incurred on buying the stock at an average price of $3.00. This leaves the insider owning 400,108 shares of the company worth $1.37 million. Insiders disposed of 826,924 shares of company stock worth roughly $2.84 million over the past 1 year. A total of 8.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in QUOT stock. A new stake in Quotient Technology Inc. shares was purchased by JACOBS LEVY EQUITY MANAGEMENT, INC during the first quarter worth $4,545,000. GSA CAPITAL PARTNERS LLP invested $1,671,000 in shares of QUOT during the first quarter. In the first quarter, SVB WEALTH LLC acquired a new stake in Quotient Technology Inc. valued at approximately $1,033,000. AQR CAPITAL MANAGEMENT LLC acquired a new stake in QUOT for approximately $824,000. PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO purchased a new stake in QUOT valued at around $627,000 in the second quarter. In total, there are 200 active investors with 75.20% ownership of the company’s stock.
Friday morning saw Quotient Technology Inc. (NYSE: QUOT) opened at $3.0600. During the past 12 months, Quotient Technology Inc. has had a low of $1.68 and a high of $7.92. As of last week, the company has a debt-to-equity ratio of 1.16, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for QUOT is $2.9612 and a two-hundred day moving average price translates $3.5152 for the stock.
The latest earnings results from Quotient Technology Inc. (NYSE: QUOT) was released for Jun, 2022. According to the Advertising Agencies Company, earnings per share came in at -$0.45, missing analysts’ expectations of -$0.13 by -0.32. This compares to -$0.08 EPS in the same period last year. The net profit margin was -23.00% and return on equity was -42.80% for QUOT. The company reported revenue of $70.34 million for the quarter, compared to $135.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -48.24 percent. For the current quarter, analysts expect QUOT to generate $72.34M in revenue.
Quotient Technology Inc.(QUOT) Company Profile
Quotient Technology Inc. operates as a digital media and promotions technology company that offers power integrated digital media and promotions programs for brands and retailers. The company’s Quotient Promotions platform offers digital paperless, print promotion, and cash back rebates, including Coupons.com website and mobile applications; brand and retailer websites and mobile applications; and third-party publishing websites and mobile applications. It also provides Quotient Retailer Promotions Platform that uses consumer data and insights to distribute personalized and targeted media and promotions for retailers of grocery, drug, mass merchant, dollar, club, and convenience merchandise; and Quotient Media Platform, which provides targeted advertising solutions that enables brands to reach shoppers before, during, and after their shopping cycles with digital media campaigns. It also provides Quotient Retailer Performance Media Platform that uses retailer’s consumer data to drive sales and enhances the shopper experience; Quotient Analytics provides campaign analytics and measured sales results to brands and retailers; Quotient Consumer Properties; and Quotient Retailer Media Services. It serves approximately 900 consumer packed goods, representing approximately 2,500 brands, including various food, beverage, personal care, and household product manufacturers; retail partners representing various classes of trade, such as grocery retailers, drug, mass merchant, dollar, club, and convenience merchandise channels; and consumers visiting its websites, mobile properties, and social channels. The company was formerly known as Coupons.com Incorporated and changed its name to Quotient Technology Inc. in October 2015. Quotient Technology Inc. was incorporated in 1998 and is headquartered in Salt Lake City, Utah.