Zacks Investment Research Lowers Quotient Technology (NYSE:QUOT) to Sell

Quotient Technology (NYSE:QUOT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday, 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. “

Several other research firms have also recently weighed in on QUOT. Oppenheimer set a $10.00 price target on shares of Quotient Technology and gave the company a “buy” rating in a report on Monday, August 12th. Dougherty & Co raised Quotient Technology from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Monday, November 18th. First Analysis upgraded Quotient Technology from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $11.00 to $13.00 in a research note on Thursday, November 7th. ValuEngine raised Quotient Technology from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, Craig Hallum reduced their target price on shares of Quotient Technology from $20.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $12.65.

QUOT traded up $0.04 during midday trading on Wednesday, hitting $10.58. The stock had a trading volume of 10,554 shares, compared to its average volume of 550,046. Quotient Technology has a 1 year low of $6.92 and a 1 year high of $12.88. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.15 and a current ratio of 3.15. The business has a fifty day moving average of $9.53 and a 200 day moving average of $9.47. The company has a market cap of $940.62 million, a P/E ratio of -44.08 and a beta of 0.06.

Quotient Technology (NYSE:QUOT) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.01. Quotient Technology had a negative net margin of 7.53% and a negative return on equity of 8.79%. The firm had revenue of $114.83 million during the quarter, compared to analyst estimates of $109.73 million. During the same period in the previous year, the business posted ($0.08) EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. On average, equities research analysts anticipate that Quotient Technology will post -0.45 earnings per share for the current year.

In other Quotient Technology news, insider Jason Young sold 7,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $8.16, for a total value of $61,200.00. Following the completion of the transaction, the insider now directly owns 174,916 shares of the company’s stock, valued at approximately $1,427,314.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrew J. Gessow bought 5,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average price of $10.50 per share, with a total value of $52,500.00. Following the completion of the purchase, the director now directly owns 16,619 shares of the company’s stock, valued at $174,499.50. The disclosure for this purchase can be found here. 10.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aperio Group LLC acquired a new position in shares of Quotient Technology in the second quarter worth $49,000. Bank of Montreal Can purchased a new stake in shares of Quotient Technology in the 2nd quarter worth $71,000. Advisor Group Inc. increased its stake in shares of Quotient Technology by 16.9% in the 2nd quarter. Advisor Group Inc. now owns 6,704 shares of the technology company’s stock worth $72,000 after purchasing an additional 967 shares in the last quarter. Marshall Wace LLP bought a new position in Quotient Technology in the 1st quarter worth $95,000. Finally, Verition Fund Management LLC bought a new position in Quotient Technology in the 2nd quarter worth $123,000. 69.15% of the stock is currently owned by institutional investors and hedge funds.

Quotient Technology Company Profile

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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Analyst Recommendations for Quotient Technology (NYSE:QUOT)

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