Quotient Technology Inc (NYSE:QUOT) Director Andrew J. Gessow purchased 50,000 shares of Quotient Technology stock in a transaction dated Friday, August 9th. The shares were bought at an average price of $7.66 per share, for a total transaction of $383,000.00. Following the acquisition, the director now owns 29,727 shares in the company, valued at $227,708.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of QUOT opened at $7.63 on Friday. The firm has a market cap of $664.32 million, a P/E ratio of -31.79 and a beta of -0.13. Quotient Technology Inc has a 12-month low of $6.92 and a 12-month high of $15.98. The company’s 50-day moving average price is $10.39 and its 200 day moving average price is $10.16. 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 (NYSE:QUOT) last issued its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03. The firm had revenue of $104.69 million for the quarter, compared to analyst estimates of $103.81 million. Quotient Technology had a negative net margin of 7.12% and a negative return on equity of 7.11%. Quotient Technology’s revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) EPS. Equities research analysts forecast that Quotient Technology Inc will post -0.32 earnings per share for the current year.
Several research analysts have recently commented on the company. Craig Hallum reduced their price target on Quotient Technology from $20.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. ValuEngine lowered shares of Quotient Technology from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Dougherty & Co lowered shares of Quotient Technology from a “buy” rating to a “neutral” rating in a report on Wednesday, August 7th. Bank of America lowered shares of Quotient Technology from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $17.00 to $10.00 in a report on Wednesday, August 7th. Finally, TheStreet lowered shares of Quotient Technology from a “c-” rating to a “d” rating in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Quotient Technology presently has an average rating of “Hold” and an average target price of $12.63.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in Quotient Technology by 247.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 771,582 shares of the technology company’s stock worth $8,241,000 after acquiring an additional 549,206 shares in the last quarter. Geode Capital Management LLC grew its position in Quotient Technology by 13.2% during the fourth quarter. Geode Capital Management LLC now owns 846,375 shares of the technology company’s stock valued at $9,039,000 after buying an additional 98,945 shares during the period. Bank of America Corp DE grew its position in Quotient Technology by 22.3% during the fourth quarter. Bank of America Corp DE now owns 784,652 shares of the technology company’s stock valued at $8,379,000 after buying an additional 143,238 shares during the period. Jane Street Group LLC bought a new stake in Quotient Technology during the fourth quarter valued at approximately $217,000. Finally, Legal & General Group Plc grew its position in Quotient Technology by 25.0% during the fourth quarter. Legal & General Group Plc now owns 15,535 shares of the technology company’s stock valued at $166,000 after buying an additional 3,103 shares during the period. Hedge funds and other institutional investors own 70.00% of the company’s stock.
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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