Quotient Technology Inc (NYSE:QUOT) Director Andrew J. Gessow acquired 50,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of $7.66 per share, with a total value of $383,000.00. Following the transaction, the director now owns 29,727 shares of the company’s stock, valued at $227,708.82. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

QUOT traded up $0.09 during trading on Tuesday, hitting $7.59. 655,552 shares of the company’s stock were exchanged, compared to its average volume of 655,433. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 0.46. Quotient Technology Inc has a 1 year low of $6.92 and a 1 year high of $15.98. The stock’s 50 day moving average is $10.57. The stock has a market capitalization of $699.61 million, a price-to-earnings ratio of -31.79 and a beta of -0.13.

Quotient Technology (NYSE:QUOT) last posted its earnings results on Tuesday, August 6th. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. Quotient Technology had a negative net margin of 7.12% and a negative return on equity of 7.11%. The business had revenue of $104.69 million for the quarter, compared to analysts’ expectations of $103.81 million. During the same period in the previous year, the company posted ($0.05) earnings per share. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. Sell-side analysts forecast that Quotient Technology Inc will post -0.32 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aperio Group LLC acquired a new position in shares of Quotient Technology during the second quarter worth $49,000. Bank of Montreal Can acquired a new position in shares of Quotient Technology during the second quarter worth $71,000. Advisor Group Inc. lifted its position in shares of Quotient Technology by 16.9% during the second quarter. Advisor Group Inc. now owns 6,704 shares of the technology company’s stock worth $72,000 after purchasing an additional 967 shares in the last quarter. Quantamental Technologies LLC lifted its position in shares of Quotient Technology by 328.1% during the first quarter. Quantamental Technologies LLC now owns 7,568 shares of the technology company’s stock worth $75,000 after purchasing an additional 5,800 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Quotient Technology during the first quarter worth $95,000. 70.00% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on the stock. TheStreet lowered shares of Quotient Technology from a “c-” rating to a “d” rating in a research report on Monday, May 13th. Dougherty & Co lowered shares of Quotient Technology from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 7th. First Analysis lowered shares of Quotient Technology from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $14.00 to $11.00 in a research report on Wednesday, August 7th. Zacks Investment Research raised shares of Quotient Technology from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, Bank of America downgraded shares of Quotient Technology from a “buy” rating to an “underperform” rating and lowered their target price for the company from $17.00 to $10.00 in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.00.

About Quotient Technology

Quotient Technology Inc, a digital marketing company, provides technology and services that offers integrated digital promotions and media programs for consumer packaged goods (CPGs) brands and retailers. The company offers programs across its network, including its flagship consumer brand Coupons.com and retail partners' properties.

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