ValuEngine lowered shares of Quotient Technology (NYSE:QUOT) from a buy rating to a hold rating in a report released on Tuesday.

A number of other equities research analysts also recently weighed in on QUOT. Royal Bank of Canada downgraded Quotient Technology from an outperform rating to a sector perform rating in a research report on Wednesday, August 1st. Zacks Investment Research downgraded Quotient Technology from a hold rating to a sell rating in a research report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $17.00.

Shares of QUOT stock opened at $12.65 on Tuesday. Quotient Technology has a 1-year low of $10.35 and a 1-year high of $17.70. The stock has a market cap of $1.47 billion, a P/E ratio of -97.69 and a beta of -0.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.28 and a current ratio of 5.28.

Quotient Technology (NYSE:QUOT) last issued its quarterly earnings data on Tuesday, July 31st. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Quotient Technology had a negative net margin of 6.45% and a negative return on equity of 4.00%. The company had revenue of $89.55 million for the quarter, compared to the consensus estimate of $88.44 million. On average, equities analysts anticipate that Quotient Technology will post -0.17 earnings per share for the current fiscal year.

In related news, insider Steven R. Boal sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $13.98, for a total transaction of $699,000.00. Following the sale, the insider now owns 3,212,653 shares of the company’s stock, valued at $44,912,888.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 150,000 shares of company stock worth $2,180,500. 9.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Cornerstone Wealth Management LLC acquired a new stake in Quotient Technology in the second quarter worth about $553,000. SG Americas Securities LLC acquired a new stake in Quotient Technology in the first quarter worth about $127,000. Sei Investments Co. acquired a new stake in Quotient Technology in the second quarter worth about $150,000. Xact Kapitalforvaltning AB acquired a new stake in Quotient Technology in the first quarter worth about $185,000. Finally, BB&T Securities LLC acquired a new stake in Quotient Technology in the second quarter worth about $193,000. 75.20% of the stock is owned by institutional investors and hedge funds.

Quotient Technology Company Profile

Quotient Technology Inc provides digital marketing platform that offers digital coupons and media solutions to consumer packaged goods (CPGs) brands, retailers, and shoppers in the United States. The company operates its platform across various distribution networks, reaching approximately 60 million shoppers, including the app and Website of its flagship consumer brand, Coupons.com, other owned and operated properties, and various publisher partners.

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

Analyst Recommendations for Quotient Technology (NYSE:QUOT)

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