Quotient Technology's (QUOT) 3Q Results Beat Revised Consensus; RBC Capital Reiterates Sector Perform

RBC Capital reiterated a Sector Perform rating on Quotient Technology (NYSE: QUOT), and cut the price target to $8.00 (from $11.00), following the company's 3Q earnings report. Revenues of $56MM and EBITDA of $2.2MM came in slightly higher than Street’s revised numbers, and in-line with preliminary results.

Analyst Mark Mahaney commented, "Q3 was in-line with preliminary results (10/22), tho management tightened Q4 guide. Pre-released results were softer than original expectations due to softer digital print transactions and a weak back-to-school season. We brought estimates in-line with guidance and are lowering our PT to $8 (from $11). We are excited to host the QUOT team at our annual TIMT conference next week in NYC (Nov 10-11th)."

For an analyst ratings summary and ratings history on Quotient Technology click here. For more ratings news on Quotient Technology click here.

Shares of Quotient Technology closed at $6.30 yesterday.

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