Quotient Technology (NYSE:QUOT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Quotient Technology (NYSE:QUOT – Get Rating) in a report issued on Thursday morning. The firm issued a hold rating on the technology company’s stock.

A number of other analysts have also recently issued reports on QUOT. Rosenblatt Securities restated a buy rating and set a $5.00 target price on shares of Quotient Technology in a research note on Wednesday, March 1st. Morgan Stanley cut their target price on shares of Quotient Technology from $2.90 to $2.80 and set an underweight rating for the company in a research note on Wednesday, January 18th.

Quotient Technology Trading Up 2.5 %

Shares of QUOT stock opened at $3.23 on Thursday. The company has a fifty day moving average price of $3.65 and a two-hundred day moving average price of $3.02. Quotient Technology has a one year low of $1.68 and a one year high of $7.21.

Institutional Trading of Quotient Technology

A number of hedge funds have recently modified their holdings of the stock. Jane Street Group LLC increased its position in Quotient Technology by 23.6% during the fourth quarter. Jane Street Group LLC now owns 136,078 shares of the technology company’s stock worth $467,000 after acquiring an additional 25,986 shares during the period. Toroso Investments LLC increased its position in Quotient Technology by 89.8% during the fourth quarter. Toroso Investments LLC now owns 55,041 shares of the technology company’s stock worth $189,000 after acquiring an additional 26,046 shares during the period. State of Wisconsin Investment Board increased its position in Quotient Technology by 14.6% during the fourth quarter. State of Wisconsin Investment Board now owns 141,200 shares of the technology company’s stock worth $484,000 after acquiring an additional 17,961 shares during the period. Mariner LLC increased its position in Quotient Technology by 430.5% during the fourth quarter. Mariner LLC now owns 56,873 shares of the technology company’s stock worth $195,000 after acquiring an additional 46,152 shares during the period. Finally, Engaged Capital LLC increased its position in Quotient Technology by 32.7% during the fourth quarter. Engaged Capital LLC now owns 8,107,150 shares of the technology company’s stock worth $27,808,000 after acquiring an additional 2,000,000 shares during the period. Institutional investors and hedge funds own 76.56% of the company’s stock.

About Quotient Technology

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Quotient Technology, Inc engages in the operation of a digital marketing platform that connects brands and retailers with consumers through web, mobile, and social channels. It offers digital printable coupons, digital paperless coupons, coupon codes and other promotions. The company was founded by Steven R.