Quotient Technology Inc (NYSE:QUOT) CEO Steven R. Boal sold 60,105 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $11.39, for a total transaction of $684,595.95. Following the transaction, the chief executive officer now owns 1,208,823 shares of the company’s stock, valued at approximately $13,768,493.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Quotient Technology Inc (NYSE:QUOT) traded down 0.224% on Friday, reaching $11.125. 126,676 shares of the company traded hands. The company’s market capitalization is $1.01 billion. Quotient Technology Inc has a 12 month low of $9.10 and a 12 month high of $14.36. The company has a 50-day moving average price of $10.54 and a 200-day moving average price of $11.08.
Quotient Technology (NYSE:QUOT) last issued its quarterly earnings data on Tuesday, May 2nd. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $72.58 million for the quarter, compared to analysts’ expectations of $71.95 million. Quotient Technology had a negative return on equity of 3.81% and a negative net margin of 7.08%. Equities research analysts expect that Quotient Technology Inc will post $0.29 EPS for the current year.
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A number of hedge funds have recently modified their holdings of QUOT. Columbia Wanger Asset Management LLC boosted its stake in shares of Quotient Technology by 29.1% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 3,366,499 shares of the technology company’s stock worth $36,190,000 after buying an additional 758,327 shares during the period. Granite Investment Partners LLC boosted its stake in shares of Quotient Technology by 91.5% in the third quarter. Granite Investment Partners LLC now owns 1,125,219 shares of the technology company’s stock worth $14,976,000 after buying an additional 537,696 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Quotient Technology by 43.3% in the first quarter. Loomis Sayles & Co. L P now owns 1,286,861 shares of the technology company’s stock worth $12,290,000 after buying an additional 388,871 shares during the period. Lyon Street Capital LLC bought a new stake in shares of Quotient Technology during the first quarter worth about $3,628,000. Finally, TCS Capital Management LLC bought a new stake in shares of Quotient Technology during the fourth quarter worth about $3,601,000. 69.88% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on QUOT shares. Royal Bank of Canada boosted their price target on shares of Quotient Technology to $17.00 in a research report on Friday, February 10th. Wedbush reissued an “outperform” rating and issued a $16.00 price target on shares of Quotient Technology in a research report on Friday, February 10th. Maxim Group set a $15.00 price target on shares of Quotient Technology and gave the company a “buy” rating in a research report on Tuesday, April 25th. TheStreet raised shares of Quotient Technology from a “d+” rating to a “c” rating in a research report on Monday, March 6th. Finally, Zacks Investment Research raised shares of Quotient Technology from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Friday, February 17th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $15.50.
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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