Zacks Investment Research Downgrades Quotient Technology (NYSE:QUOT) to Hold


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Quotient Technology (NYSE:QUOT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, 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. “

QUOT has been the subject of a number of other research reports. Morgan Stanley boosted their target price on Quotient Technology from $7.60 to $7.80 and gave the stock an “underweight” rating in a research report on Tuesday, January 5th. Oppenheimer restated a “buy” rating and set a $10.00 target price on shares of Quotient Technology in a research report on Wednesday, November 11th. Finally, BidaskClub upgraded Quotient Technology from a “buy” rating to a “strong-buy” rating in a report on Friday, December 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $9.63.

QUOT stock opened at $9.82 on Thursday. The company has a market cap of $893.68 million, a P/E ratio of -15.59 and a beta of 0.79. Quotient Technology has a twelve month low of $4.55 and a twelve month high of $10.99. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 0.65. The business has a fifty day moving average of $8.97 and a 200-day moving average of $8.30.

Quotient Technology (NYSE:QUOT) last released its earnings results on Thursday, November 5th. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The firm had revenue of $121.12 million for the quarter, compared to the consensus estimate of $122.96 million. Quotient Technology had a negative return on equity of 19.34% and a negative net margin of 13.42%.

In related news, Director Andrew J. Gessow acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 30th. The stock was acquired at an average price of $7.40 per share, for a total transaction of $37,000.00. Following the completion of the acquisition, the director now owns 59,346 shares of the company’s stock, valued at approximately $439,160.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QUOT. Trigran Investments Inc. increased its holdings in Quotient Technology by 8.7% in the third quarter. Trigran Investments Inc. now owns 8,519,171 shares of the technology company’s stock valued at $62,872,000 after purchasing an additional 680,341 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Quotient Technology by 184.9% in the second quarter. Bank of America Corp DE now owns 1,004,180 shares of the technology company’s stock worth $7,351,000 after acquiring an additional 651,766 shares in the last quarter. Bernzott Capital Advisors increased its holdings in shares of Quotient Technology by 16.5% in the third quarter. Bernzott Capital Advisors now owns 3,695,408 shares of the technology company’s stock worth $27,272,000 after acquiring an additional 524,060 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of Quotient Technology by 60.0% in the third quarter. Segall Bryant & Hamill LLC now owns 1,072,662 shares of the technology company’s stock worth $7,916,000 after acquiring an additional 402,318 shares in the last quarter. Finally, Cowen Prime Services LLC increased its holdings in shares of Quotient Technology by 12.7% in the third quarter. Cowen Prime Services LLC now owns 3,418,056 shares of the technology company’s stock worth $25,225,000 after acquiring an additional 385,510 shares in the last quarter. Institutional investors and hedge funds own 75.00% of the company’s stock.

Quotient Technology Company Profile

Quotient Technology Inc, a digital marketing company, provides technology and services that offers power 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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