Quotient Technology (NYSE:QUOT) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Quotient Technology (NYSE:QUOT) from a sell rating to a hold rating in a report published on Tuesday, 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. “

Other equities research analysts also recently issued research reports about the stock. Craig Hallum reissued a buy rating and set a $100.00 price target (down previously from $120.00) on shares of GrubHub in a research report on Wednesday, April 17th. TheStreet raised shares of White Mountains Insurance Group from a c rating to a b rating in a research report on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $15.20.

Shares of QUOT opened at $11.32 on Tuesday. The company has a quick ratio of 3.94, a current ratio of 3.94 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average price is $10.89. Quotient Technology has a twelve month low of $8.92 and a twelve month high of $15.98.

Quotient Technology (NYSE:QUOT) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. The company had revenue of $98.11 million during the quarter, compared to the consensus estimate of $96.27 million. Quotient Technology had a negative net margin of 7.58% and a negative return on equity of 6.59%. On average, sell-side analysts anticipate that Quotient Technology will post -0.23 EPS for the current fiscal year.

In other Quotient Technology news, insider Jason Young sold 7,500 shares of Quotient Technology stock in a transaction on Monday, June 17th. The shares were sold at an average price of $11.03, for a total value of $82,725.00. Following the sale, the insider now directly owns 187,355 shares in the company, valued at approximately $2,066,525.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ronald J. Fior sold 15,000 shares of Quotient Technology stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $10.25, for a total transaction of $153,750.00. Following the completion of the sale, the chief financial officer now owns 309,563 shares in the company, valued at $3,173,020.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,163 shares of company stock worth $262,579. 10.00% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Quantamental Technologies LLC increased its holdings in shares of Quotient Technology by 328.1% in the 1st quarter. Quantamental Technologies LLC now owns 7,568 shares of the technology company’s stock worth $75,000 after buying an additional 5,800 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Quotient Technology in the 1st quarter worth about $95,000. Brinker Capital Inc. bought a new stake in shares of Quotient Technology in the 1st quarter worth about $117,000. Amalgamated Bank bought a new stake in shares of Quotient Technology in the 4th quarter worth about $129,000. Finally, Legal & General Group Plc increased its holdings in shares of Quotient Technology by 25.0% in the 4th quarter. Legal & General Group Plc now owns 15,535 shares of the technology company’s stock worth $166,000 after buying an additional 3,103 shares during the last quarter. Hedge funds and other institutional investors own 70.50% 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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