Quotient Technology (QUOT) Lifted to Hold at Zacks Investment Research

Quotient Technology (NYSE:QUOT) was upgraded by Zacks Investment Research from a “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. “

A number of other analysts have also commented on the company. Wedbush restated an “outperform” rating and issued a $17.00 price target on shares of Quotient Technology in a report on Monday. ValuEngine lowered Quotient Technology from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, BidaskClub lowered Quotient Technology from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $18.29.

Shares of Quotient Technology (QUOT) opened at $12.85 on Thursday. The company has a market capitalization of $1,015.99, a PE ratio of -75.58, a PEG ratio of 4.77 and a beta of -0.12. Quotient Technology has a twelve month low of $9.10 and a twelve month high of $17.85.

Several large investors have recently added to or reduced their stakes in QUOT. Senvest Management LLC increased its position in shares of Quotient Technology by 85.5% in the fourth quarter. Senvest Management LLC now owns 6,731,227 shares of the technology company’s stock valued at $79,092,000 after acquiring an additional 3,102,351 shares during the last quarter. Millennium Management LLC increased its position in shares of Quotient Technology by 436.8% in the fourth quarter. Millennium Management LLC now owns 2,151,087 shares of the technology company’s stock valued at $25,275,000 after acquiring an additional 1,750,384 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Quotient Technology by 1,821.1% in the fourth quarter. Renaissance Technologies LLC now owns 618,600 shares of the technology company’s stock valued at $7,269,000 after acquiring an additional 586,400 shares during the last quarter. Deutsche Bank AG increased its position in shares of Quotient Technology by 446.7% in the fourth quarter. Deutsche Bank AG now owns 531,299 shares of the technology company’s stock valued at $6,241,000 after acquiring an additional 434,114 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Quotient Technology by 7.1% in the second quarter. Vanguard Group Inc. now owns 5,688,612 shares of the technology company’s stock valued at $65,419,000 after acquiring an additional 378,031 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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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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