Dawn G. Lepore Sells 3,100 Shares of Quotient Technology Inc. (QUOT) Stock
Quotient Technology Inc. (NYSE:QUOT) Director Dawn G. Lepore sold 3,100 shares of Quotient Technology stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $12.01, for a total transaction of $37,231.00. Following the completion of the transaction, the director now directly owns 117,197 shares of the company’s stock, valued at $1,407,535.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Quotient Technology Inc. (NYSE:QUOT) opened at 12.00 on Thursday. The company’s 50-day moving average is $11.55 and its 200 day moving average is $12.46. The company’s market capitalization is $1.06 billion. Quotient Technology Inc. has a 12 month low of $5.00 and a 12 month high of $14.36.
Quotient Technology (NYSE:QUOT) last released its quarterly earnings results on Tuesday, November 1st. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.14. The firm had revenue of $66.47 million for the quarter, compared to analysts’ expectations of $66.17 million. Quotient Technology had a negative net margin of 9.88% and a negative return on equity of 5.14%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) earnings per share. On average, equities research analysts anticipate that Quotient Technology Inc. will post $0.08 earnings per share for the current year.
QUOT has been the subject of several recent analyst reports. Wedbush lifted their target price on shares of Quotient Technology from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Bank of America Corp. set a $15.00 target price on shares of Quotient Technology and gave the stock a “hold” rating in a report on Wednesday, August 3rd. RBC Capital Markets reaffirmed a “hold” rating on shares of Quotient Technology in a report on Wednesday, August 3rd. Zacks Investment Research raised shares of Quotient Technology from a “hold” rating to a “strong-buy” rating and set a $15.00 target price for the company in a report on Tuesday, August 9th. Finally, Loop Capital began coverage on shares of Quotient Technology in a research note on Wednesday, August 10th. They issued a “buy” rating and a $16.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. Quotient Technology presently has a consensus rating of “Buy” and an average price target of $14.36.
Several hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in Quotient Technology by 30.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 9,643,059 shares of the company’s stock valued at $128,349,000 after buying an additional 2,273,700 shares during the last quarter. Columbia Wanger Asset Management LLC raised its stake in Quotient Technology by 11.9% in the second quarter. Columbia Wanger Asset Management LLC now owns 4,544,706 shares of the company’s stock valued at $60,945,000 after buying an additional 483,905 shares during the last quarter. BlackRock Fund Advisors raised its stake in Quotient Technology by 7.0% in the third quarter. BlackRock Fund Advisors now owns 1,620,619 shares of the company’s stock valued at $21,570,000 after buying an additional 105,492 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Quotient Technology by 4.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,505,632 shares of the company’s stock valued at $20,040,000 after buying an additional 67,972 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Quotient Technology by 43.9% in the third quarter. Northern Trust Corp now owns 1,269,661 shares of the company’s stock valued at $16,898,000 after buying an additional 387,250 shares during the last quarter. 70.82% of the stock is owned by institutional investors and hedge funds.
About Quotient Technology
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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