Morgan Stanley Lowers Quotient Technology (NYSE:QUOT) Price Target to $2.80

Quotient Technology (NYSE:QUOTGet Rating) had its price target lowered by stock analysts at Morgan Stanley from $2.90 to $2.80 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “underweight” rating on the technology company’s stock. Morgan Stanley’s price target suggests a potential downside of 14.11% from the company’s previous close.

Several other research firms have also weighed in on QUOT. Rosenblatt Securities raised Quotient Technology from a “neutral” rating to a “buy” rating and set a $3.50 price objective on the stock in a research note on Wednesday, November 9th. StockNews.com assumed coverage on Quotient Technology in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock.

Quotient Technology Trading Down 1.5 %

Shares of NYSE:QUOT opened at $3.26 on Wednesday. The stock’s 50-day moving average price is $3.21 and its two-hundred day moving average price is $2.71. Quotient Technology has a 12-month low of $1.68 and a 12-month high of $7.26. The firm has a market cap of $315.24 million, a price-to-earnings ratio of -3.70 and a beta of 0.86.

Quotient Technology (NYSE:QUOTGet Rating) last issued its quarterly earnings results on Tuesday, November 8th. The technology company reported ($0.07) earnings per share (EPS) for the quarter. Quotient Technology had a negative return on equity of 42.75% and a negative net margin of 23.03%. The business had revenue of $70.34 million during the quarter. As a group, research analysts forecast that Quotient Technology will post -0.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Joseph E. Reece purchased 10,000 shares of Quotient Technology stock in a transaction that occurred on Thursday, December 15th. The shares were purchased at an average cost of $3.11 per share, with a total value of $31,100.00. Following the transaction, the director now owns 146,535 shares of the company’s stock, valued at approximately $455,723.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Andrew J. Gessow purchased 15,000 shares of Quotient Technology stock in a transaction that occurred on Tuesday, November 29th. The shares were purchased at an average cost of $3.00 per share, with a total value of $45,000.00. Following the transaction, the director now owns 400,108 shares of the company’s stock, valued at approximately $1,200,324. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph E. Reece purchased 10,000 shares of Quotient Technology stock in a transaction that occurred on Thursday, December 15th. The shares were bought at an average cost of $3.11 per share, for a total transaction of $31,100.00. Following the completion of the transaction, the director now directly owns 146,535 shares in the company, valued at approximately $455,723.85. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 35,000 shares of company stock valued at $108,100. Corporate insiders own 12.51% of the company’s stock.

Institutional Investors Weigh In On Quotient Technology

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James & Associates purchased a new stake in Quotient Technology during the 3rd quarter worth approximately $25,000. UBS Group AG increased its holdings in Quotient Technology by 388.1% during the 3rd quarter. UBS Group AG now owns 13,369 shares of the technology company’s stock worth $31,000 after purchasing an additional 10,630 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Quotient Technology by 227.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,468 shares of the technology company’s stock worth $44,000 after purchasing an additional 13,528 shares during the last quarter. Virtu Financial LLC purchased a new stake in Quotient Technology during the 2nd quarter worth approximately $52,000. Finally, XTX Topco Ltd purchased a new stake in Quotient Technology during the 1st quarter worth approximately $65,000. 76.56% of the stock is currently owned by hedge funds and other institutional investors.

About Quotient Technology

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Quotient Technology Inc operates as a digital media and promotions technology company that offers power integrated digital media and promotions programs for brands and retailers. The company's Quotient Promotions platform offers digital paperless, print promotion, and cash back rebates, including Coupons.com website and mobile applications; brand and retailer websites and mobile applications; and third-party publishing websites and mobile applications.

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