Quotient Technology Inc. (QUOT) Lowered to “Sell” at BidaskClub

Quotient Technology Inc. (NYSE:QUOT) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

A number of other brokerages have also weighed in on QUOT. Maxim Group reaffirmed a “buy” rating and issued a $15.00 price target on shares of Quotient Technology in a research note on Wednesday, May 3rd. Wedbush reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Quotient Technology in a research note on Wednesday, May 3rd. TheStreet lowered shares of Quotient Technology from a “c” rating to a “d+” rating in a research note on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $17.00 price target on shares of Quotient Technology in a research note on Friday, April 21st. Finally, Bank of America Corporation raised shares of Quotient Technology from a “neutral” rating to a “buy” rating in a research note on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.50.

Shares of Quotient Technology (QUOT) traded up 0.44% during midday trading on Monday, hitting $11.45. 193,773 shares of the stock traded hands. The stock’s market cap is $1.03 billion. The firm has a 50-day moving average price of $11.58 and a 200 day moving average price of $11.09. Quotient Technology has a one year low of $9.10 and a one year high of $14.36.

Quotient Technology (NYSE:QUOT) last issued its quarterly earnings results on Tuesday, May 2nd. The technology company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The company had revenue of $72.58 million during the quarter, compared to analyst estimates of $71.95 million. Quotient Technology had a negative net margin of 4.95% and a negative return on equity of 3.74%. Analysts anticipate that Quotient Technology will post $0.28 earnings per share for the current year.

Quotient Technology announced that its board has approved a stock repurchase plan on Tuesday, May 2nd that allows the company to buyback $50.00 million in shares. This buyback authorization allows the technology company to purchase up to 4.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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In related news, CEO Steven R. Boal sold 40,000 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $11.71, for a total transaction of $468,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,008,823 shares of the company’s stock, valued at $11,813,317.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David E. Siminoff sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $10.82, for a total transaction of $86,560.00. Following the sale, the director now directly owns 3,000 shares of the company’s stock, valued at $32,460. The disclosure for this sale can be found here. Over the last three months, insiders have sold 433,095 shares of company stock valued at $4,899,897. Company insiders own 11.99% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Independent Portfolio Consultants Inc. acquired a new stake in Quotient Technology during the first quarter valued at approximately $223,000. Macquarie Group Ltd. raised its stake in Quotient Technology by 0.7% in the fourth quarter. Macquarie Group Ltd. now owns 973,609 shares of the technology company’s stock worth $10,466,000 after buying an additional 6,702 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in Quotient Technology by 43.3% in the first quarter. Loomis Sayles & Co. L P now owns 1,286,861 shares of the technology company’s stock worth $12,290,000 after buying an additional 388,871 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Quotient Technology during the first quarter worth about $137,000. Finally, Russell Investments Group Ltd. purchased a new stake in Quotient Technology during the fourth quarter worth about $518,000. 70.91% of the stock is owned by institutional investors and hedge funds.

About Quotient Technology

Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.