Quotient Technology Inc. (NYSE:QUOT) CEO Steven R. Boal sold 20,000 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $13.26, for a total value of $265,200.00. Following the transaction, the chief executive officer now owns 1,294,605 shares of the company’s stock, valued at approximately $17,166,462.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Quotient Technology Inc. (NYSE:QUOT) opened at 12.39 on Friday. The firm’s market capitalization is $1.04 billion. Quotient Technology Inc. has a 12 month low of $5.00 and a 12 month high of $14.36. The stock’s 50 day moving average price is $13.25 and its 200-day moving average price is $12.29.
Quotient Technology (NYSE:QUOT) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.03. The company earned $67.20 million during the quarter, compared to analyst estimates of $63.52 million. Quotient Technology had a negative return on equity of 7.52% and a negative net margin of 9.68%. The company’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) earnings per share. On average, equities research analysts predict that Quotient Technology Inc. will post $0.07 EPS for the current fiscal year.
QUOT has been the subject of a number of analyst reports. Dougherty & Co initiated coverage on Quotient Technology in a research report on Wednesday, June 15th. They set a “neutral” rating for the company. Maxim Group initiated coverage on Quotient Technology in a research report on Thursday, June 16th. They set a “hold” rating for the company. Loop Capital initiated coverage on Quotient Technology in a research report on Wednesday, August 10th. They set a “buy” rating and a $16.00 price target for the company. Zacks Investment Research raised Quotient Technology from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a research note on Tuesday, August 9th. Finally, Wedbush boosted their price objective on Quotient Technology from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $14.00.
Large investors have recently added to or reduced their stakes in the company. Gerstein Fisher acquired a new stake in Quotient Technology during the second quarter worth approximately $836,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Quotient Technology during the second quarter worth approximately $5,316,000. State Board of Administration of Florida Retirement System raised its stake in Quotient Technology by 12.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 42,145 shares of the company’s stock worth $565,000 after buying an additional 4,724 shares during the period. Emerald Acquisition Ltd. acquired a new stake in Quotient Technology during the second quarter worth approximately $809,000. Finally, Swiss National Bank raised its stake in Quotient Technology by 34.9% in the second quarter. Swiss National Bank now owns 126,400 shares of the company’s stock worth $1,695,000 after buying an additional 32,700 shares during the period. Institutional investors and hedge funds own 74.62% of the company’s stock.
Quotient Technology Company Profile
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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