Zacks Investment Research downgraded shares of Quotient Technology (NYSE:QUOT) from a hold rating to a sell rating in a report released 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. “

Several other brokerages have also recently issued reports on QUOT. BidaskClub cut Quotient Technology from a strong-buy rating to a buy rating in a report on Wednesday, October 18th. Dougherty & Co reaffirmed a buy rating and set a $20.00 price objective (up from $16.00) on shares of Quotient Technology in a report on Wednesday, October 4th. First Analysis started coverage on Quotient Technology in a report on Monday, October 9th. They set an overweight rating and a $21.00 price objective for the company. ValuEngine cut Quotient Technology from a hold rating to a sell rating in a report on Thursday, November 30th. Finally, DA Davidson started coverage on Quotient Technology in a report on Wednesday, September 13th. They set a buy rating and a $18.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $18.14.

Shares of Quotient Technology (QUOT) traded down $0.10 during mid-day trading on Thursday, reaching $11.95. The company had a trading volume of 181,400 shares, compared to its average volume of 368,511. The firm has a market capitalization of $1,110.00, a PE ratio of -70.29, a PEG ratio of 5.21 and a beta of -0.13. Quotient Technology has a 52-week low of $9.10 and a 52-week high of $17.85.

Quotient Technology (NYSE:QUOT) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The firm had revenue of $81.95 million for the quarter, compared to analyst estimates of $83.24 million. Quotient Technology had a negative return on equity of 4.96% and a negative net margin of 5.17%. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.13) earnings per share. research analysts forecast that Quotient Technology will post -0.22 EPS for the current fiscal year.

In other news, insider Steven R. Boal sold 209,782 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $16.98, for a total value of $3,562,098.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew J. Gessow purchased 5,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was bought at an average cost of $12.25 per share, with a total value of $61,250.00. The disclosure for this purchase can be found here. Insiders own 11.46% of the company’s stock.

Large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its position in shares of Quotient Technology by 595.8% in the second quarter. BNP Paribas Arbitrage SA now owns 9,449 shares of the technology company’s stock valued at $109,000 after purchasing an additional 8,091 shares during the period. Wedbush Securities Inc. purchased a new stake in shares of Quotient Technology in the third quarter valued at $160,000. Principal Financial Group Inc. grew its position in shares of Quotient Technology by 15.3% in the second quarter. Principal Financial Group Inc. now owns 14,274 shares of the technology company’s stock valued at $164,000 after purchasing an additional 1,889 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Quotient Technology by 116.7% in the third quarter. Great West Life Assurance Co. Can now owns 11,269 shares of the technology company’s stock valued at $175,000 after purchasing an additional 6,069 shares during the period. Finally, Balyasny Asset Management LLC purchased a new stake in shares of Quotient Technology in the second quarter valued at $184,000. 72.24% of the stock is owned by institutional investors and hedge funds.

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About Quotient Technology

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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