Quotient Technology (NYSE:QUOT) Price Target Raised to $8.50

Quotient Technology (NYSE:QUOT) had its price target raised by Morgan Stanley from $7.80 to $8.50 in a report issued on Monday morning, Analyst Price Targets reports. They currently have an underweight rating on the technology company’s stock.

A number of other analysts have also recently issued reports on QUOT. Zacks Investment Research cut Quotient Technology from a hold rating to a sell rating in a research report on Thursday, May 6th. TheStreet upgraded Quotient Technology from a d rating to a c- rating in a research report on Thursday, February 18th. Finally, Colliers Securities restated a buy rating on shares of Quotient Technology in a research report on Tuesday, April 13th. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $9.83.

Shares of QUOT stock opened at $11.03 on Monday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -15.99 and a beta of 0.91. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.72. Quotient Technology has a 12 month low of $6.90 and a 12 month high of $17.93. The stock’s 50 day simple moving average is $13.93.

Quotient Technology (NYSE:QUOT) last released its quarterly earnings data on Wednesday, May 5th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.15). Quotient Technology had a negative return on equity of 24.27% and a negative net margin of 13.42%. On average, equities analysts expect that Quotient Technology will post -0.18 EPS for the current fiscal year.

In other news, Director Christy Wyatt sold 11,364 shares of the 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 sale, the director now owns 65,004 shares in the company, valued at $737,145.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew J. Gessow bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 25th. The shares were acquired at an average price of $11.06 per share, for a total transaction of $55,300.00. The disclosure for this purchase can be found here. Insiders sold 54,535 shares of company stock worth $721,231 over the last quarter. Company insiders own 10.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in QUOT. Marshall Wace LLP bought a new stake in shares of Quotient Technology during the first quarter worth $95,000. Nisa Investment Advisors LLC bought a new stake in shares of Quotient Technology during the fourth quarter worth $49,000. GSA Capital Partners LLP grew its holdings in shares of Quotient Technology by 24.5% during the fourth quarter. GSA Capital Partners LLP now owns 134,550 shares of the technology company’s stock worth $1,267,000 after purchasing an additional 26,439 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Quotient Technology during the fourth quarter worth $176,000. Finally, Aperio Group LLC grew its holdings in shares of Quotient Technology by 80.1% during the fourth quarter. Aperio Group LLC now owns 18,478 shares of the technology company’s stock worth $174,000 after purchasing an additional 8,217 shares during the last quarter. Institutional investors own 79.58% of the company’s stock.

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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