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 $ 16 from a previous price target of $15 . Wedbush advised their investors in a research report released on Aug 3, 2016.
Many Wall Street Analysts have commented on Quotient Technology Inc. Quotient Technology Inc was Initiated by Maxim Group to “Hold” on Jun 16, 2016. Quotient Technology Inc was Initiated by Dougherty & Company to “Neutral” on Jun 15, 2016.
On the company’s financial health, Quotient Technology Inc reported $-0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.01. The company had revenue of $67.20 million for the quarter, compared to analysts expectations of $63.52 million. The company’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.
In a different news, on Jul 5, 2016, Steven R. Boal (Chief Executive Officer) sold 20,000 shares at $13.55 per share price. According to the SEC, on Jun 22, 2016, Connie Chen (GC, Sec. and Comp. Officer) sold 2,331 shares at $13.00 per share price. On Feb 24, 2016, Mir Aamir (President and COO) sold 34,021 shares at $8.24 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.