Quotient Technology Inc. (NYSE:QUOT) CEO Steven R. Boal sold 20,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 1,294,605 shares of the company’s stock, valued at approximately $17,166,462.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Quotient Technology Inc. (NYSE:QUOT) opened at 12.08 on Monday. Quotient Technology Inc. has a 12-month low of $5.00 and a 12-month high of $14.36. The stock has a 50 day moving average price of $13.20 and a 200-day moving average price of $12.30. The company’s market cap is $1.01 billion.
Quotient Technology (NYSE:QUOT) last released its earnings results on Tuesday, August 2nd. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.03. Quotient Technology had a negative net margin of 9.68% and a negative return on equity of 7.52%. The company earned $67.20 million during the quarter, compared to the consensus estimate of $63.52 million. During the same period last year, the firm posted ($0.11) EPS. The company’s revenue was up 20.2% on a year-over-year basis. On average, analysts predict that Quotient Technology Inc. will post $0.07 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in QUOT. Teachers Advisors Inc. increased 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 worth $1,655,000 after buying an additional 62,638 shares in the last quarter. Palisade Capital Management LLC NJ acquired a new position in shares of Quotient Technology during the first quarter worth about $652,000. Bayesian Capital Management LP acquired a new position in shares of Quotient Technology during the first quarter worth about $171,000. Legal & General Group Plc increased its position in shares of Quotient Technology by 25.0% in the first quarter. Legal & General Group Plc now owns 10,010 shares of the company’s stock worth $107,000 after buying an additional 1,999 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Quotient Technology by 18.7% in the second quarter. Bank of New York Mellon Corp now owns 292,619 shares of the company’s stock worth $3,924,000 after buying an additional 46,082 shares in the last quarter. Institutional investors own 74.62% of the company’s stock.
QUOT has been the subject of several recent analyst reports. Dougherty & Co initiated coverage on Quotient Technology in a research note on Wednesday, June 15th. They set a “neutral” rating for the company. Maxim Group initiated coverage on Quotient Technology in a research note on Thursday, June 16th. They set a “hold” rating for the company. Zacks Investment Research raised Quotient Technology from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Saturday, July 16th. Wedbush increased their price target on Quotient Technology from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Finally, Bank of America Corp. set a $15.00 price target on Quotient Technology and gave the stock a “hold” rating in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Quotient Technology has an average rating of “Buy” and an average price target of $14.00.
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.
Receive News & Ratings for Quotient Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quotient Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.