Quotient Technology’s (QUOT) Buy Rating Reiterated at

reaffirmed their buy rating on shares of Quotient Technology (NYSE:QUOT) in a research report released on Wednesday. The firm currently has a $12.00 target price on the technology company’s stock.

“We are lowering our price target to $12 (was $15), but maintaining our Outperform rating on valuation and potential strategic takeout potential. While 2018 ended below mgmt’s original expectations, FY revenue/EBITDA growth finished at reasonably healthy levels, and the 2019 outlook also suggests respectable growth, albeit partially aided by a large check-out coupon win. In our view, the challenge for investors is getting excited about mid-teens organic revenue growth and low 20s EBITDA growth, when gross profit is flat y/y, and FCF is down materially. and strategic value as the only 3P provider of digital coupons and data- driven shopper marketing data, we see value in these assets long term. Target implies 13x ’20E EBITDA.”,” ‘s analyst commented.

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QUOT has been the subject of a number of other reports. Zacks Investment Research cut Quotient Technology from a hold rating to a strong sell rating in a research note on Thursday, November 15th. Royal Bank of Canada decreased their price target on Quotient Technology to $12.00 and set a market perform rating for the company in a research note on Wednesday. ValuEngine cut Quotient Technology from a buy rating to a hold rating in a research note on Thursday, January 24th. Finally, DA Davidson decreased their price target on Quotient Technology to $20.00 and set a buy rating for the company in a research note on Wednesday, January 23rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $15.00.

Shares of NYSE QUOT opened at $10.22 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 6.27 and a quick ratio of 6.27. The firm has a market cap of $972.83 million, a P/E ratio of -42.58 and a beta of 0.26. Quotient Technology has a 1-year low of $9.00 and a 1-year high of $15.98.

In other news, COO Chad Summe sold 2,903 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $12.42, for a total value of $36,055.26. Following the completion of the transaction, the chief operating officer now directly owns 125,454 shares in the company, valued at $1,558,138.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven R. Boal sold 50,000 shares of the firm’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $11.41, for a total value of $570,500.00. Following the completion of the transaction, the insider now owns 3,423,628 shares of the company’s stock, valued at $39,063,595.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,903 shares of company stock valued at $1,169,055. 9.50% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Quotient Technology by 4.4% in the third quarter. BlackRock Inc. now owns 5,377,677 shares of the technology company’s stock worth $83,356,000 after purchasing an additional 227,827 shares during the last quarter. Prospect Capital Advisors LLC raised its stake in shares of Quotient Technology by 16.4% in the third quarter. Prospect Capital Advisors LLC now owns 716,250 shares of the technology company’s stock worth $11,102,000 after purchasing an additional 100,750 shares during the last quarter. MetLife Investment Advisors LLC raised its stake in shares of Quotient Technology by 53.1% in the third quarter. MetLife Investment Advisors LLC now owns 53,882 shares of the technology company’s stock worth $835,000 after purchasing an additional 18,680 shares during the last quarter. Northern Trust Corp raised its stake in shares of Quotient Technology by 8.1% in the second quarter. Northern Trust Corp now owns 1,111,428 shares of the technology company’s stock worth $14,560,000 after purchasing an additional 82,855 shares during the last quarter. Finally, Cowen Prime Services LLC raised its stake in shares of Quotient Technology by 3.6% in the third quarter. Cowen Prime Services LLC now owns 1,205,617 shares of the technology company’s stock worth $18,687,000 after purchasing an additional 42,017 shares during the last quarter. Hedge funds and other institutional investors own 76.57% of the company’s stock.

About Quotient Technology

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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Analyst Recommendations for Quotient Technology (NYSE:QUOT)

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