Quotient Technology Inc. (NYSE:QUOT) Director Dawn G. Lepore sold 4,000 shares of Quotient Technology stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $12.01, for a total value of $48,040.00. Following the transaction, the director now owns 121,197 shares of the company’s stock, valued at approximately $1,455,575.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Quotient Technology Inc. (NYSE:QUOT) opened at 11.93 on Wednesday. The company’s market cap is $1.00 billion. The company has a 50 day moving average of $12.88 and a 200-day moving average of $12.41. Quotient Technology Inc. has a 12-month low of $5.00 and a 12-month high of $14.36.
Quotient Technology (NYSE:QUOT) last posted its earnings results on Tuesday, August 2nd. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The company had revenue of $67.20 million for the quarter, compared to analysts’ expectations of $63.52 million. Quotient Technology had a negative net margin of 9.68% and a negative return on equity of 7.52%. The business’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) earnings per share. Equities research analysts anticipate that Quotient Technology Inc. will post $0.07 earnings per share for the current year.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Quotient Technology from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday. Boenning Scattergood reiterated a “buy” rating and set a $15.00 price target on shares of Quotient Technology in a research note on Friday, September 30th. Dougherty & Co raised shares of Quotient Technology from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, September 14th. TheStreet cut shares of Quotient Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Finally, Loop Capital assumed coverage on shares of Quotient Technology in a research report on Wednesday, August 10th. They set a “buy” rating and a $16.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Quotient Technology currently has an average rating of “Hold” and a consensus target price of $13.78.
A number of institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas boosted its position in Quotient Technology by 38.4% in the second quarter. Teacher Retirement System of Texas now owns 9,892 shares of the company’s stock valued at $133,000 after buying an additional 2,747 shares during the last quarter. Zacks Investment Management bought a new position in Quotient Technology during the second quarter valued at $166,000. Parametric Portfolio Associates LLC bought a new position in Quotient Technology during the second quarter valued at $174,000. Bayesian Capital Management LP bought a new position in Quotient Technology during the first quarter valued at $171,000. Finally, Suntrust Banks Inc. bought a new position in Quotient Technology during the second quarter valued at $256,000. 74.62% of the stock is owned by institutional investors.
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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