Quotient Technology Inc. (NYSE:QUOT) Director Dawn G. Lepore sold 4,000 shares of the company’s stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $12.01, for a total transaction of $48,040.00. Following the completion of the sale, the director now directly owns 121,197 shares in the company, valued at approximately $1,455,575.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Quotient Technology Inc. (NYSE:QUOT) opened at 11.86 on Tuesday. The firm’s market capitalization is $995.50 million. The stock’s 50 day moving average is $12.93 and its 200-day moving average is $12.40. 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 (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $67.20 million for 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 business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.11) EPS. Equities analysts anticipate that Quotient Technology Inc. will post $0.07 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised 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 worth $133,000 after buying an additional 2,747 shares in the last quarter. Zacks Investment Management acquired a new position in Quotient Technology during the second quarter worth approximately $166,000. Bayesian Capital Management LP acquired a new position in Quotient Technology during the first quarter worth approximately $171,000. Parametric Portfolio Associates LLC acquired a new position in Quotient Technology during the second quarter worth approximately $174,000. Finally, Suntrust Banks Inc. acquired a new position in Quotient Technology during the second quarter worth approximately $256,000. 74.62% of the stock is currently owned by institutional investors and hedge funds.
QUOT has been the topic of a number of analyst reports. TheStreet cut shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Boenning Scattergood reissued a “buy” rating and issued a $15.00 target price on shares of Quotient Technology in a research note on Friday, September 30th. Zacks Investment Research cut shares of Quotient Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th. 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 note on Wednesday, September 14th. Finally, Loop Capital initiated coverage on shares of Quotient Technology in a research note on Wednesday, August 10th. They issued a “buy” rating and a $16.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $14.00.
Quotient Technology Company Profile