Quotient Technology (NYSE:QUOT) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Several other equities analysts have also recently weighed in on the company. BidaskClub cut Quotient Technology from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. 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 on the stock. Zacks Investment Research cut Quotient Technology from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Finally, Bank of America reiterated a “neutral” rating and set a $20.00 price objective (up previously from $15.00) on shares of Quotient Technology in a report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $18.14.

Quotient Technology (NYSE:QUOT) opened at $11.50 on Friday. Quotient Technology has a 1-year low of $9.10 and a 1-year high of $17.85. The stock has a market capitalization of $1,085.58, a PE ratio of -67.65, a price-to-earnings-growth ratio of 5.10 and a beta of -0.12.

In other news, Director Andrew J. Gessow bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were acquired at an average price of $12.25 per share, with a total value of $61,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.46% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in QUOT. Senvest Management LLC raised its position in Quotient Technology by 36.3% in the 3rd quarter. Senvest Management LLC now owns 3,628,876 shares of the technology company’s stock valued at $56,792,000 after buying an additional 966,309 shares during the last quarter. Vanguard Group Inc. raised its position in Quotient Technology by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,688,612 shares of the technology company’s stock valued at $65,419,000 after buying an additional 378,031 shares during the last quarter. Cowen Prime Services LLC raised its position in Quotient Technology by 38.6% in the 4th quarter. Cowen Prime Services LLC now owns 1,028,850 shares of the technology company’s stock valued at $12,089,000 after buying an additional 286,800 shares during the last quarter. American Century Companies Inc. acquired a new stake in Quotient Technology in the 3rd quarter valued at approximately $3,958,000. Finally, Royce & Associates LP acquired a new stake in Quotient Technology in the 3rd quarter valued at approximately $2,520,000. 72.22% of the stock is currently 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Quotient Technology (NYSE:QUOT)

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