Insider Selling: Quotient Technology Inc. (QUOT) Director Sells 8,000 Shares of Stock
Quotient Technology Inc. (NYSE:QUOT) Director David E. Siminoff sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $15.52, for a total transaction of $124,160.00. Following the completion of the sale, the director now owns 3,000 shares in the company, valued at $46,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Quotient Technology (NYSE:QUOT) last released its earnings results on Wednesday, November 1st. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The firm had revenue of $81.95 million during the quarter, compared to analysts’ expectations of $83.24 million. Quotient Technology had a negative return on equity of 5.05% and a negative net margin of 5.17%. The business’s revenue was up 23.3% on a year-over-year basis. During the same period last year, the business earned ($0.13) earnings per share.
Several analysts have recently commented on QUOT shares. BidaskClub lowered shares of Quotient Technology from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $17.00 price target on shares of Quotient Technology in a research report on Friday, September 1st. DA Davidson started coverage on shares of Quotient Technology in a research report on Wednesday, September 13th. They issued a “buy” rating and a $18.00 price target on the stock. Bank of America Corporation reiterated a “neutral” rating and issued a $20.00 price target (up from $15.00) on shares of Quotient Technology in a research report on Tuesday, October 10th. Finally, ValuEngine upgraded shares of Quotient Technology from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Quotient Technology presently has a consensus rating of “Buy” and a consensus price target of $17.88.
Several institutional investors have recently added to or reduced their stakes in QUOT. Senvest Management LLC purchased a new position in shares of Quotient Technology in the second quarter worth approximately $30,620,000. Teachers Advisors LLC increased its position in shares of Quotient Technology by 258.2% in the second quarter. Teachers Advisors LLC now owns 762,904 shares of the technology company’s stock worth $8,773,000 after acquiring an additional 549,948 shares in the last quarter. Lyon Street Capital LLC increased its position in shares of Quotient Technology by 109.1% in the second quarter. Lyon Street Capital LLC now owns 794,339 shares of the technology company’s stock worth $9,135,000 after acquiring an additional 414,400 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Quotient Technology by 7.1% in the second quarter. Vanguard Group Inc. now owns 5,688,612 shares of the technology company’s stock worth $65,419,000 after acquiring an additional 378,031 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in shares of Quotient Technology in the third quarter worth approximately $3,958,000. 71.39% of the stock is currently owned by institutional investors and hedge funds.
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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