Quotient Technology (NYSE:QUOT) Rating Increased to Buy at Craig Hallum

Quotient Technology (NYSE:QUOT – Get Rating) was upgraded by stock analysts at Craig Hallum from a “hold” rating to a “buy” rating in a research note issued on Wednesday, The Fly reports. The brokerage presently has a $4.50 price target on the technology company’s stock, up from their prior price target of $3.00. Craig Hallum’s price objective indicates a potential upside of 54.11% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and issued a $5.00 price target on shares of Quotient Technology in a research report on Wednesday, March 1st. Morgan Stanley cut their target price on shares of Quotient Technology from $2.80 to $2.60 and set an “underweight” rating for the company in a research report on Monday, April 17th. Finally, StockNews.com initiated coverage on shares of Quotient Technology in a research report on Thursday, March 16th. They issued a “hold” rating for the company.

Quotient Technology Price Performance

Shares of NYSE:QUOT opened at $2.92 on Wednesday. The firm has a 50 day simple moving average of $3.09 and a 200 day simple moving average of $3.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.54 and a quick ratio of 1.54. Quotient Technology has a one year low of $1.68 and a one year high of $4.57. The company has a market cap of $285.21 million, a price-to-earnings ratio of -3.65 and a beta of 0.95.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. MetLife Investment Management LLC boosted its holdings in Quotient Technology by 45.7% in the third quarter. MetLife Investment Management LLC now owns 48,712 shares of the technology company’s stock valued at $113,000 after acquiring an additional 15,278 shares in the last quarter. Dupont Capital Management Corp bought a new position in Quotient Technology in the 3rd quarter worth approximately $229,000. Engineers Gate Manager LP boosted its position in shares of Quotient Technology by 74.1% during the 3rd quarter. Engineers Gate Manager LP now owns 156,821 shares of the technology company’s stock valued at $362,000 after acquiring an additional 66,740 shares during the last quarter. Nomura Holdings Inc. boosted its position in shares of Quotient Technology by 15.4% during the 3rd quarter. Nomura Holdings Inc. now owns 3,193,895 shares of the technology company’s stock valued at $7,364,000 after acquiring an additional 426,400 shares during the last quarter. Finally, Ergoteles LLC purchased a new stake in Quotient Technology during the 3rd quarter valued at $77,000. 76.56% of the stock is owned by hedge funds and other institutional investors.

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.