Quotient Technology (QUOT) Upgraded by Zacks Investment Research to Hold

Quotient Technology (NYSE:QUOT) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday.

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 analysts also recently issued reports on QUOT. Royal Bank of Canada decreased their price objective on shares of Quotient Technology to $12.00 and set a “market perform” rating for the company in a research note on Wednesday. reissued a “buy” rating and issued a $12.00 price objective on shares of Quotient Technology in a research note on Wednesday. ValuEngine raised shares of Quotient Technology from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Finally, DA Davidson decreased their price objective on shares of Quotient Technology to $20.00 and set a “buy” rating for the company in a research note on Wednesday, January 23rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $15.00.

Shares of NYSE QUOT opened at $10.22 on Thursday. The company has a quick ratio of 6.27, a current ratio of 6.27 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $928.10 million, a price-to-earnings ratio of -42.58 and a beta of 0.26. Quotient Technology has a 1 year low of $9.00 and a 1 year high of $15.98.

In other news, insider Steven R. Boal sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $11.25, for a total transaction of $562,500.00. Following the transaction, the insider now directly owns 3,373,628 shares of the company’s stock, valued at $37,953,315. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Chad Summe sold 2,903 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $12.42, for a total transaction of $36,055.26. Following the transaction, the chief operating officer now directly owns 125,454 shares in the company, valued at $1,558,138.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,903 shares of company stock worth $1,169,055. Corporate insiders own 9.50% of the company’s stock.

Large investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Quotient Technology by 4.4% during the third quarter. BlackRock Inc. now owns 5,377,677 shares of the technology company’s stock worth $83,356,000 after acquiring an additional 227,827 shares during the period. Prospect Capital Advisors LLC increased its holdings in Quotient Technology by 16.4% during the third quarter. Prospect Capital Advisors LLC now owns 716,250 shares of the technology company’s stock valued at $11,102,000 after buying an additional 100,750 shares during the period. MetLife Investment Advisors LLC increased its holdings in Quotient Technology by 53.1% during the third quarter. MetLife Investment Advisors LLC now owns 53,882 shares of the technology company’s stock valued at $835,000 after buying an additional 18,680 shares during the period. Northern Trust Corp increased its holdings in Quotient Technology by 8.1% during the second quarter. Northern Trust Corp now owns 1,111,428 shares of the technology company’s stock valued at $14,560,000 after buying an additional 82,855 shares during the period. Finally, Cowen Prime Services LLC increased its holdings in Quotient Technology by 3.6% during the third quarter. Cowen Prime Services LLC now owns 1,205,617 shares of the technology company’s stock valued at $18,687,000 after buying an additional 42,017 shares during the period. 76.57% of the stock is currently owned by institutional investors and hedge funds.

Quotient Technology Company Profile

Quotient Technology Inc provides digital marketing platform that offers digital coupons and media solutions to consumer packaged goods (CPGs) brands, retailers, and shoppers in the United States. The company operates its platform across various distribution networks, reaching approximately 60 million shoppers, including the app and Website of its flagship consumer brand, Coupons.com, other owned and operated properties, and various publisher partners.

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