Quotient Technology (QUOT) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Quotient Technology (NYSE:QUOT) from a sell rating to a hold rating in a research note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Quotient Technology Inc. provides digital promotion and media platform which connects brands, retailers and consumers. It offers digital coupons, including coupon codes and media and advertising through its platform which includes Web, mobile and social channels as well as consumer packaged goods companies, retailers and publishers. Quotient Technology Inc., formerly known as Coupons.com, is headquartered in Mountain View, California. “

A number of other brokerages also recently commented on QUOT. DA Davidson lowered their price target on shares of Quotient Technology to $20.00 and set a buy rating for the company in a report on Wednesday, January 23rd. TheStreet downgraded shares of Quotient Technology from a c- rating to a d rating in a report on Monday, May 13th. ValuEngine downgraded shares of Quotient Technology from a buy rating to a hold rating in a report on Thursday, January 24th. reiterated a buy rating and set a $12.00 price target on shares of Quotient Technology in a report on Wednesday, February 13th. Finally, reiterated a buy rating and set a $12.00 price target on shares of Quotient Technology in a report on Wednesday, February 13th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $15.20.

NYSE:QUOT opened at $10.44 on Friday. The company has a quick ratio of 4.83, a current ratio of 3.94 and a debt-to-equity ratio of 0.46. Quotient Technology has a twelve month low of $8.92 and a twelve month high of $15.98. The stock has a market cap of $977.78 million, a price-to-earnings ratio of -43.50 and a beta of 0.21.

In related news, CFO Ronald J. Fior sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $10.25, for a total value of $153,750.00. Following the completion of the sale, the chief financial officer now directly owns 309,563 shares in the company, valued at $3,173,020.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrew J. Gessow bought 5,000 shares of the stock in a transaction that occurred on Thursday, February 28th. The stock was bought at an average price of $10.03 per share, with a total value of $50,150.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 41,382 shares of company stock valued at $421,437. Insiders own 9.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in Quotient Technology by 862.7% during the third quarter. Dimensional Fund Advisors LP now owns 222,376 shares of the technology company’s stock valued at $3,447,000 after buying an additional 199,276 shares in the last quarter. Vanguard Group Inc. lifted its position in Quotient Technology by 2.9% during the third quarter. Vanguard Group Inc. now owns 7,141,078 shares of the technology company’s stock valued at $110,687,000 after buying an additional 202,053 shares in the last quarter. Cowen Prime Services LLC lifted its position in Quotient Technology by 11.2% during the fourth quarter. Cowen Prime Services LLC now owns 1,340,281 shares of the technology company’s stock valued at $14,314,000 after buying an additional 134,664 shares in the last quarter. We Are One Seven LLC lifted its position in Quotient Technology by 23.5% during the fourth quarter. We Are One Seven LLC now owns 18,602 shares of the technology company’s stock valued at $198,000 after buying an additional 3,542 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Quotient Technology by 44.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,419 shares of the technology company’s stock valued at $58,000 after buying an additional 1,668 shares in the last quarter. Hedge funds and other institutional investors own 76.68% of the company’s stock.

About Quotient Technology

Quotient Technology Inc, a digital marketing company, provides technology and services that offers integrated digital promotions and media programs for consumer packaged goods (CPGs) brands and retailers. The company offers programs across its network, including its flagship consumer brand Coupons.com and retail partners' properties.

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