Quotient Technology Inc. (QUOT) Chairman Steven R. Boal Sells 80,000 Shares of Stock
Quotient Technology Inc. (NYSE:QUOT) Chairman Steven R. Boal sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $15.94, for a total value of $1,275,200.00. Following the completion of the sale, the chairman now owns 408,823 shares in the company, valued at $6,516,638.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Quotient Technology Inc. (QUOT) traded up 1.032% during trading on Thursday, hitting $17.125. The stock had a trading volume of 223,801 shares. Quotient Technology Inc. has a 52 week low of $9.10 and a 52 week high of $17.25. The stock’s 50 day moving average is $15.36 and its 200 day moving average is $12.33. The stock’s market capitalization is $1.58 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, topping the consensus estimate of ($0.04) by $0.03. Quotient Technology had a negative return on equity of 2.92% and a negative net margin of 5.61%. The firm had revenue of $74.49 million for the quarter, compared to the consensus estimate of $73.72 million. During the same quarter in the prior year, the business earned ($0.04) EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, equities research analysts expect that Quotient Technology Inc. will post $0.24 earnings per share for the current fiscal year.
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Large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA lifted its holdings in Quotient Technology by 595.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,449 shares of the technology company’s stock worth $109,000 after buying an additional 8,091 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new position in Quotient Technology during the 2nd quarter worth $125,000. Airain ltd acquired a new position in Quotient Technology during the 1st quarter worth $110,000. Koch Industries Inc. acquired a new position in Quotient Technology during the 1st quarter worth $114,000. Finally, Principal Financial Group Inc. lifted its holdings in Quotient Technology by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 12,385 shares of the technology company’s stock worth $118,000 after buying an additional 474 shares in the last quarter. 71.27% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently commented on QUOT. Dougherty & Co restated a “buy” rating and issued a $20.00 target price (up from $16.00) on shares of Quotient Technology in a research report on Wednesday. BidaskClub upgraded Quotient Technology from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. TheStreet upgraded Quotient Technology from a “d+” rating to a “c-” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada restated a “buy” rating and issued a $17.00 target price on shares of Quotient Technology in a research report on Friday, September 1st. Finally, ValuEngine upgraded Quotient Technology from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $17.00.
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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