Quotient Technology Inc. (NYSE:QUOT) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Several other equities research analysts also recently commented on QUOT. Maxim Group set a $15.00 price target on shares of Quotient Technology and gave the company a “buy” rating in a research report on Thursday, May 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $17.00 target price on shares of Quotient Technology in a research report on Friday, April 21st. TheStreet upgraded shares of Quotient Technology from a “d+” rating to a “c” rating in a research report on Monday, March 6th. Wedbush reiterated an “outperform” rating and issued a $16.00 target price on shares of Quotient Technology in a research report on Wednesday, May 3rd. Finally, Bank of America Corporation upgraded shares of Quotient Technology from a “neutral” rating to a “buy” rating in a research report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Quotient Technology currently has an average rating of “Buy” and a consensus target price of $15.50.

Analyst Recommendations for Quotient Technology (NYSE:QUOT)

Shares of Quotient Technology (NYSE QUOT) traded up 2.60% on Monday, hitting $11.85. The company had a trading volume of 287,568 shares. The company has a 50-day moving average of $11.29 and a 200 day moving average of $11.08. The stock’s market cap is $1.07 billion. Quotient Technology has a 12 month low of $9.10 and a 12 month high of $14.36.

Quotient Technology (NYSE:QUOT) last issued its quarterly earnings results on Tuesday, May 2nd. The technology company reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. The business had revenue of $72.58 million during the quarter, compared to the consensus estimate of $71.95 million. Quotient Technology had a negative net margin of 4.95% and a negative return on equity of 3.74%. Analysts anticipate that Quotient Technology will post $0.28 EPS for the current fiscal year.

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In other Quotient Technology news, Director Andrew J. Gessow purchased 4,618 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were bought at an average price of $11.10 per share, for a total transaction of $51,259.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Steven R. Boal sold 40,000 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $11.26, for a total transaction of $450,400.00. Following the transaction, the chief executive officer now owns 1,128,823 shares in the company, valued at approximately $12,710,546.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 305,095 shares of company stock valued at $3,434,137. Insiders own 11.99% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of Quotient Technology by 0.3% in the first quarter. Envestnet Asset Management Inc. now owns 20,203 shares of the technology company’s stock valued at $193,000 after buying an additional 63 shares during the period. Principal Financial Group Inc. raised its position in shares of Quotient Technology by 4.0% in the first quarter. Principal Financial Group Inc. now owns 12,385 shares of the technology company’s stock valued at $118,000 after buying an additional 474 shares during the period. Wells Fargo & Company MN raised its position in shares of Quotient Technology by 1.6% in the first quarter. Wells Fargo & Company MN now owns 49,331 shares of the technology company’s stock valued at $472,000 after buying an additional 763 shares during the period. Suntrust Banks Inc. raised its position in shares of Quotient Technology by 3.5% in the first quarter. Suntrust Banks Inc. now owns 26,510 shares of the technology company’s stock valued at $252,000 after buying an additional 898 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of Quotient Technology by 7.9% in the first quarter. Parametric Portfolio Associates LLC now owns 16,005 shares of the technology company’s stock valued at $153,000 after buying an additional 1,168 shares during the period. Institutional investors own 70.93% of the company’s stock.

Quotient Technology Company Profile

Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.

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