Quotient Technology Inc. (QUOT) Director Sells $126,080.00 in Stock
Quotient Technology Inc. (NYSE:QUOT) Director David E. Siminoff sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $15.76, for a total transaction of $126,080.00. Following the completion of the transaction, the director now owns 3,000 shares in the company, valued at approximately $47,280. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Quotient Technology Inc. (NYSE QUOT) traded up 4.98% during trading on Tuesday, reaching $16.85. 549,890 shares of the company traded hands. Quotient Technology Inc. has a 12 month low of $9.10 and a 12 month high of $16.85. The stock’s 50 day moving average price is $15.28 and its 200-day moving average price is $12.30. The stock’s market cap is $1.56 billion.
Quotient Technology (NYSE:QUOT) last posted its quarterly earnings data on Tuesday, August 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. The company had revenue of $74.49 million for the quarter, compared to the consensus estimate of $73.72 million. Quotient Technology had a negative net margin of 5.61% and a negative return on equity of 2.92%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company earned ($0.04) earnings per share. On average, equities research analysts expect that Quotient Technology Inc. will post $0.24 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in QUOT. California State Teachers Retirement System increased its stake in Quotient Technology by 3.4% in the 2nd quarter. California State Teachers Retirement System now owns 130,502 shares of the technology company’s stock valued at $1,501,000 after buying an additional 4,268 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Quotient Technology by 15.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 57,385 shares of the technology company’s stock worth $660,000 after buying an additional 7,819 shares in the last quarter. Osterweis Capital Management Inc. bought a new stake in Quotient Technology during the 2nd quarter worth about $1,540,000. State Street Corp lifted its position in Quotient Technology by 13.0% during the 2nd quarter. State Street Corp now owns 1,318,689 shares of the technology company’s stock worth $15,165,000 after buying an additional 151,433 shares in the last quarter. Finally, Lyon Street Capital LLC lifted its position in Quotient Technology by 109.1% during the 2nd quarter. Lyon Street Capital LLC now owns 794,339 shares of the technology company’s stock worth $9,135,000 after buying an additional 414,400 shares in the last quarter. 71.27% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on QUOT shares. BidaskClub raised shares of Quotient Technology from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. TheStreet upgraded shares of Quotient Technology from a “d+” rating to a “c-” rating in a report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $17.00 price target on shares of Quotient Technology in a research note on Friday, September 1st. ValuEngine raised shares of Quotient Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Wedbush reaffirmed an “ourperform” rating and issued a $16.00 price target on shares of Quotient Technology in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $16.00.
About Quotient Technology
Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.
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