Quotient Technology (NYSE:QUOT) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Quotient Technology (NYSE:QUOT) from a hold rating to a buy rating in a research note released on Tuesday morning, Zacks.com reports. The brokerage currently has $10.00 target price on the technology company’s stock.

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. “

Several other equities research analysts also recently commented on the company. Oppenheimer reissued a buy rating and issued a $8.00 price objective on shares of Quotient Technology in a report on Wednesday, May 6th. Morgan Stanley increased their price objective on Quotient Technology from $5.20 to $7.60 and gave the company an underweight rating in a report on Thursday, August 6th. DA Davidson cut their price objective on Quotient Technology from $15.00 to $11.00 and set a buy rating for the company in a report on Wednesday, May 6th. Finally, Royal Bank of Canada reaffirmed a hold rating and set a $8.00 price target on shares of Quotient Technology in a report on Wednesday, May 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Quotient Technology has an average rating of Buy and a consensus target price of $10.20.

NYSE:QUOT traded up $0.16 during trading hours on Tuesday, reaching $8.97. 10,257 shares of the stock were exchanged, compared to its average volume of 592,957. Quotient Technology has a twelve month low of $4.55 and a twelve month high of $11.42. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.15 and a quick ratio of 4.15. The firm has a 50 day moving average of $7.90 and a 200 day moving average of $7.61. The stock has a market cap of $829.43 million, a PE ratio of -14.13 and a beta of 0.71.

Quotient Technology (NYSE:QUOT) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.02. Quotient Technology had a negative return on equity of 19.01% and a negative net margin of 13.42%. Equities research analysts anticipate that Quotient Technology will post -0.44 earnings per share for the current year.

In other Quotient Technology news, insider Connie L. Chen sold 9,366 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $6.85, for a total transaction of $64,157.10. Following the transaction, the insider now owns 316,020 shares in the company, valued at approximately $2,164,737. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mckenna Michelle sold 8,803 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $9.20, for a total value of $80,987.60. Following the transaction, the director now owns 53,071 shares in the company, valued at approximately $488,253.20. The disclosure for this sale can be found here. Insiders have sold a total of 28,031 shares of company stock worth $218,355 in the last quarter. Company insiders own 10.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. grew its position in Quotient Technology by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 7,590 shares of the technology company’s stock valued at $56,000 after acquiring an additional 1,122 shares during the last quarter. Swiss National Bank boosted its stake in shares of Quotient Technology by 1.6% during the first quarter. Swiss National Bank now owns 146,700 shares of the technology company’s stock valued at $954,000 after purchasing an additional 2,300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Quotient Technology by 38.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,539 shares of the technology company’s stock valued at $70,000 after purchasing an additional 2,667 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Quotient Technology by 75.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,872 shares of the technology company’s stock valued at $45,000 after purchasing an additional 2,964 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its stake in shares of Quotient Technology by 22.1% in the first quarter. Public Employees Retirement Association of Colorado now owns 16,901 shares of the technology company’s stock worth $110,000 after acquiring an additional 3,054 shares during the period. Institutional investors own 70.40% 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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