Insider Selling: Quotient Technology Inc. (QUOT) Insider Sells 3,812 Shares of Stock
Quotient Technology Inc. (NYSE:QUOT) insider Connie Chen sold 3,812 shares of the firm’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $11.81, for a total transaction of $45,019.72. Following the completion of the transaction, the insider now directly owns 15,775 shares of the company’s stock, valued at $186,302.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Connie Chen also recently made the following trade(s):
- On Tuesday, September 6th, Connie Chen sold 3,464 shares of Quotient Technology stock. The shares were sold at an average price of $13.27, for a total transaction of $45,967.28.
Quotient Technology Inc. (NYSE:QUOT) traded up 0.59% during midday trading on Tuesday, hitting $11.93. The stock had a trading volume of 149,243 shares. The company has a 50-day moving average price of $12.88 and a 200-day moving average price of $12.41. The stock’s market cap is $1.00 billion. Quotient Technology Inc. has a 52 week low of $5.00 and a 52 week high of $14.36.
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Quotient Technology (NYSE:QUOT) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. Quotient Technology had a negative return on equity of 7.52% and a negative net margin of 9.68%. The company had revenue of $67.20 million for the quarter, compared to the consensus estimate of $63.52 million. During the same quarter last year, the company posted ($0.11) EPS. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. Equities analysts expect that Quotient Technology Inc. will post $0.07 EPS for the current year.
Several research firms recently weighed in on QUOT. Zacks Investment Research raised shares of 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. 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. Bank of America Corp. set a $15.00 target price on shares of Quotient Technology and gave the company a “hold” rating in a research note on Wednesday, August 3rd. TheStreet cut shares of Quotient Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Finally, Dougherty & Co raised Quotient Technology from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a report on Wednesday, September 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Quotient Technology presently has an average rating of “Buy” and an average price target of $14.00.
Large investors have recently made changes to their positions in the company. Teacher Retirement System of Texas increased its stake in shares of 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 period. Zacks Investment Management acquired a new position in shares of Quotient Technology during the second quarter worth about $166,000. Parametric Portfolio Associates LLC acquired a new position in shares of Quotient Technology during the second quarter worth about $174,000. Bayesian Capital Management LP acquired a new position in shares of Quotient Technology during the first quarter worth about $171,000. Finally, Suntrust Banks Inc. acquired a new position in shares of Quotient Technology during the second quarter worth about $256,000. 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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