Quotient Technology Inc. (QUOT) Director Sells $51,880.00 in Stock
Quotient Technology Inc. (NYSE:QUOT) Director Dawn G. Lepore sold 4,000 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $12.97, for a total value of $51,880.00. Following the sale, the director now owns 125,197 shares in the company, valued at approximately $1,623,805.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Quotient Technology Inc. (NYSE:QUOT) opened at 13.20 on Monday. The firm’s market cap is $1.11 billion. The company has a 50-day moving average price of $13.29 and a 200-day moving average price of $11.84. 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 quarterly earnings results on Tuesday, August 2nd. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business earned $67.20 million during the quarter, compared to analyst estimates of $63.52 million. During the same quarter in the prior year, the business earned ($0.11) earnings per share. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. On average, equities analysts predict that Quotient Technology Inc. will post $0.07 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of QUOT. Elk Creek Partners LLC purchased a new stake in Quotient Technology during the second quarter worth approximately $6,286,000. Metropolitan Life Insurance Co. NY boosted its stake in Quotient Technology by 1.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 43,874 shares of the company’s stock worth $588,000 after buying an additional 737 shares during the period. G2 Investment Partners Management LLC boosted its stake in Quotient Technology by 80.3% in the second quarter. G2 Investment Partners Management LLC now owns 216,275 shares of the company’s stock worth $2,900,000 after buying an additional 96,346 shares during the period. Zacks Investment Management purchased a new stake in Quotient Technology during the second quarter worth approximately $166,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in Quotient Technology during the second quarter worth approximately $174,000. Institutional investors own 74.62% of the company’s stock.
Several analysts have weighed in on the company. Dougherty & Co upgraded Quotient Technology from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Wednesday, September 14th. TheStreet downgraded Quotient Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Loop Capital assumed coverage on Quotient Technology in a research note on Wednesday, August 10th. They set a “buy” rating and a $16.00 price target on the stock. Zacks Investment Research upgraded Quotient Technology from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, August 9th. Finally, RBC Capital Markets restated a “hold” rating on shares of Quotient Technology in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Quotient Technology currently has a consensus rating of “Buy” and an average target price of $13.88.
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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