Quotient Technology Inc. (NYSE:QUOT) Given Average Recommendation of “Hold” by Brokerages

Shares of Quotient Technology Inc. (NYSE:QUOT) have been given a consensus rating of “Hold” by the five ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $14.50.

QUOT has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Quotient Technology from a “hold” rating to a “strong sell” rating in a report on Thursday, July 8th. Morgan Stanley raised their target price on shares of Quotient Technology from $7.80 to $8.50 and gave the company an “underweight” rating in a report on Monday, June 7th. Finally, Colliers Securities reissued a “buy” rating and issued a $25.00 target price on shares of Quotient Technology in a report on Monday, July 12th.

In other news, Director Christy Wyatt sold 11,364 shares of Quotient Technology stock in a transaction on Friday, June 4th. The stock was sold at an average price of $11.34, for a total transaction of $128,867.76. Following the completion of the sale, the director now directly owns 65,004 shares in the company, valued at $737,145.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Scott David Raskin sold 5,000 shares of Quotient Technology stock in a transaction on Monday, June 7th. The stock was sold at an average price of $11.15, for a total value of $55,750.00. Following the sale, the president now owns 714,479 shares of the company’s stock, valued at $7,966,440.85. The disclosure for this sale can be found here. Insiders have sold 54,535 shares of company stock valued at $641,731 over the last ninety days. 11.00% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in QUOT. Marshall Wace LLP bought a new stake in shares of Quotient Technology in the first quarter valued at about $95,000. Bank of New York Mellon Corp raised its holdings in shares of Quotient Technology by 1.7% in the fourth quarter. Bank of New York Mellon Corp now owns 351,811 shares of the technology company’s stock valued at $3,313,000 after acquiring an additional 5,730 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Quotient Technology by 9.0% in the fourth quarter. Rhumbline Advisers now owns 125,732 shares of the technology company’s stock valued at $1,184,000 after acquiring an additional 10,380 shares in the last quarter. Credit Suisse AG grew its stake in Quotient Technology by 45.6% in the fourth quarter. Credit Suisse AG now owns 113,872 shares of the technology company’s stock valued at $1,073,000 after purchasing an additional 35,637 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Quotient Technology by 3.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 51,922 shares of the technology company’s stock valued at $489,000 after purchasing an additional 1,603 shares during the last quarter. Hedge funds and other institutional investors own 79.52% of the company’s stock.

QUOT traded down $0.24 during trading on Friday, reaching $10.81. 4,355 shares of the company traded hands, compared to its average volume of 690,728. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.97 and a quick ratio of 2.97. Quotient Technology has a 12-month low of $6.91 and a 12-month high of $17.93. The business’s fifty day simple moving average is $11.14.

Quotient Technology (NYSE:QUOT) last posted its earnings results on Wednesday, May 5th. The technology company reported ($0.15) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.15). Quotient Technology had a negative net margin of 13.42% and a negative return on equity of 24.27%. The firm had revenue of $115.32 million during the quarter, compared to analyst estimates of $110.98 million. On average, sell-side analysts anticipate that Quotient Technology will post -0.21 earnings per share for the current year.

Quotient Technology Company Profile

Quotient Technology Inc operates as a digital media and promotions technology company that offers power integrated digital media and promotions programs for brands and retailers. The company offers Quotient Promotions Platform offers digital paperless and print promotions, including Coupons.com website and mobile applications; brand and retailer websites and mobile applications; and third-party publishing websites and mobile applications.

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