Quotient Technology Inc Gets a Buy Rating from Oppenheimer

Oppenheimer analyst Jason Helfstein maintained a Buy rating on Quotient Technology Inc (NYSE: QUOT) today and set a price target of $16. The company’s shares closed yesterday at $13.13.

Helfstein said:

“We are maintaining our Outperform rating and $16 price target after Quotient reported better 1Q18 results on margins, but maintained FY guidance on 2H-weighted outlook. 2Q18 EBITDA guided 9%/14% below Opco/Street. The company signed up an additional Retailer IQ partner in the quarter and launched Quotient Analytics, a product which allows Quotient’s CPG clients to analyze and manage their spend in real-time (especially attractive for customers who elect ROI-based pricing). On targeted offers, QUOT noted 5x y/y growth in campaigns and 3x y/y growth in brands leveraging the product. While the story may still appear complicated due to M&A and different product offerings, investors should focus on Retailer IQ, which continues to deliver strong performance.”

According to TipRanks.com, Helfstein is a top 100 analyst with an average return of 17.2% and a 63.4% success rate. Helfstein covers the Technology sector, focusing on stocks such as Endurance International, ANGI Homeservices Inc, and IAC/InterActiveCorp.

Currently, the analyst consensus on Quotient Technology Inc is Moderate Buy and the average price target is $16.50, representing a 25.7% upside.

In a report issued on April 27, RBC Capital also maintained a Buy rating on the stock with a $17 price target.

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Based on Quotient Technology Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $86.77 million and GAAP net loss of $11.36 million. In comparison, last year the company earned revenue of $72.58 million and had a GAAP net loss of $2.67 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock.

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Quotient Technology, Inc. engages in the operation of a digital marketing platform that connects brands and retailers with consumers through web, mobile, and social channels. It offers digital printable coupons, digital paperless coupons, coupon codes and other promotions. The company was founded by Steven R.