Quotient Technology Inc. (NYSE:QUOT) Director Dawn G. Lepore sold 4,000 shares of the business’s stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $12.01, for a total transaction of $48,040.00. Following the sale, the director now owns 121,197 shares of the company’s stock, valued at approximately $1,455,575.97. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Quotient Technology Inc. (NYSE:QUOT) traded down 0.84% during trading on Monday, hitting $11.86. 223,614 shares of the company were exchanged. The stock’s market capitalization is $995.50 million. Quotient Technology Inc. has a 1-year low of $5.00 and a 1-year high of $14.36. The company has a 50 day moving average of $12.97 and a 200-day moving average of $12.36.
Quotient Technology (NYSE:QUOT) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.03. Quotient Technology had a negative return on equity of 7.52% and a negative net margin of 9.68%. The business earned $67.20 million during the quarter, compared to analysts’ expectations of $63.52 million. During the same period in the previous year, the business earned ($0.11) EPS. The business’s revenue was up 20.2% compared to the same quarter last year. On average, analysts forecast that Quotient Technology Inc. will post $0.07 earnings per share for the current year.
A number of analysts have commented on the stock. Bank of America Corp. set a $15.00 price target on shares of Quotient Technology and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Quotient Technology from a “hold” rating to a “strong-buy” rating and set a $15.00 price target for the company in a research note on Tuesday, August 9th. RBC Capital Markets restated a “hold” rating on shares of Quotient Technology in a research note on Wednesday, August 3rd. Wedbush boosted their price target on shares of Quotient Technology from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. Finally, Loop Capital assumed coverage on shares of Quotient Technology in a research note on Wednesday, August 10th. They set a “buy” rating and a $16.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $14.00.
A number of institutional investors have recently made changes to their positions in QUOT. Bayesian Capital Management LP purchased a new position in shares of Quotient Technology during the first quarter valued at approximately $171,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Quotient Technology during the second quarter valued at approximately $5,316,000. Gerstein Fisher purchased a new position in shares of Quotient Technology during the second quarter valued at approximately $836,000. Palisade Capital Management LLC NJ purchased a new position in shares of Quotient Technology during the first quarter valued at approximately $652,000. Finally, Teachers Advisors Inc. raised its position in shares of Quotient Technology by 67.0% in the first quarter. Teachers Advisors Inc. now owns 156,096 shares of the company’s stock valued at $1,655,000 after buying an additional 62,638 shares in the last quarter. 74.62% of the stock is owned by institutional investors and hedge funds.
About Quotient Technology
Quotient Technology Inc, formerly Coupons.com Incorporated, is a provider of digital promotions and media solutions. The Company connects consumer packaged goods (CPG) brands and retailers with shoppers by offering digital promotions and media to shoppers through mobile, Web and social channels. The Company’s platform is used by brands, as well as retailers in the grocery, drug, dollar, club and mass merchandise channels to engage shoppers at the critical moments when they are choosing what products to buy and where to shop.
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