Quotient Technology Inc (QUOT) was Reiterated by Wedbush to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $10 . Wedbush advised their investors in a research report released on Apr 25, 2016.
Many Wall Street Analysts have commented on Quotient Technology Inc. Topeka Capital Markets Initiated Quotient Technology Inc on Mar 24, 2016 to “Hold”, Price Target of the shares are set at $10.Wedbush Initiated Quotient Technology Inc on Feb 23, 2016 to “Outperform”, Price Target of the shares are set at $10.Quotient Technology Inc was Upgraded by Craig Hallum to ” Buy” on Feb 12, 2016.
On the company’s financial health, Quotient Technology Inc reported $-0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus of $-0.03. The company had revenue of $69.40 million for the quarter, compared to analysts expectations of $59.79 million. The company’s revenue was up 15.7% compared to the same quarter last year.
In a different news, on Feb 24, 2016, Mir Aamir (President and COO) sold 34,021 shares at $8.24 per share price. According to the SEC, on Feb 24, 2016, Connie Chen (GC, Sec. & Chief Comp. Officer) sold 3,500 shares at $8.76 per share price. On Feb 24, 2016, Steven R. Boal (CEO) sold 34,214 shares at $8.08 per share price, according to the Form-4 filing with the securities and exchange commission.
Quotient Technology Inc. formerly Coupons.com Incorporated operates a digital promotion platform that connects brands and retailers with consumers. The Company has over 2000 brands from around 700 consumer packaged goods companies (CPGs) and other grocery drug and mass merchandise retailers use its promotion platform to engage consumers at the moments when they are choosing which products they will buy and where they will shop. It delivers digital coupons to consumers including coupons and coupon codes and display advertising through its platform that includes its Web mobile and social channels. It also delivers coupons to CPGs retailers and its network of various third-party Websites or publishers that displays its coupon and advertising offerings on their Websites. Through its Campaign iQ product CPGs tracks and analyzes activations redemption rates and volumes distribution methods buying rates aggregated buyer demographics and campaign effectiveness statistics.