Quotient Technology (NYSE:QUOT) Price Target Cut to $4.00 by Analysts at Morgan Stanley

Quotient Technology (NYSE:QUOTGet Rating) had its price target decreased by equities researchers at Morgan Stanley from $5.00 to $4.00 in a research report issued on Thursday, Stock Target Advisor reports. The brokerage currently has an “underweight” rating on the technology company’s stock. Morgan Stanley’s target price points to a potential downside of 5.21% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Quotient Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, March 23rd. StockNews.com lowered shares of Quotient Technology from a “hold” rating to a “sell” rating in a report on Tuesday, May 10th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.50.

NYSE QUOT traded down $0.01 during trading hours on Thursday, reaching $4.22. The company’s stock had a trading volume of 28,606 shares, compared to its average volume of 1,063,279. The stock has a market cap of $401.25 million, a PE ratio of -6.81 and a beta of 0.94. Quotient Technology has a fifty-two week low of $3.71 and a fifty-two week high of $12.00. The company’s 50-day moving average is $5.60 and its two-hundred day moving average is $6.46.

Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its holdings in Quotient Technology by 334.2% in the third quarter. Millennium Management LLC now owns 410,396 shares of the technology company’s stock worth $2,389,000 after purchasing an additional 315,879 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in Quotient Technology in the fourth quarter valued at $3,168,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in Quotient Technology in the fourth quarter valued at $259,000. Two Sigma Investments LP lifted its stake in Quotient Technology by 115.5% in the third quarter. Two Sigma Investments LP now owns 1,028,601 shares of the technology company’s stock valued at $5,986,000 after buying an additional 551,349 shares during the last quarter. Finally, Trigran Investments Inc. lifted its stake in Quotient Technology by 9.6% in the third quarter. Trigran Investments Inc. now owns 8,467,079 shares of the technology company’s stock valued at $49,278,000 after buying an additional 741,746 shares during the last quarter. 83.28% of the stock is owned by hedge funds and other institutional investors.

About Quotient Technology (Get Rating)

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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