Quotient Technology Inc (NYSE:QUOT) Director Andrew J. Gessow purchased 50,000 shares of Quotient Technology stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average cost of $7.66 per share, for a total transaction of $383,000.00. Following the purchase, the director now directly owns 29,727 shares in the company, valued at $227,708.82. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Quotient Technology stock opened at $7.63 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.94 and a quick ratio of 3.94. Quotient Technology Inc has a 1 year low of $6.92 and a 1 year high of $15.98. The firm’s 50-day moving average is $10.39 and its two-hundred day moving average is $10.16. The stock has a market cap of $664.32 million, a price-to-earnings ratio of -31.79 and a beta of -0.13.
Quotient Technology (NYSE:QUOT) last issued its earnings results on Tuesday, August 6th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $104.69 million for the quarter, compared to analysts’ expectations of $103.81 million. During the same period in the prior year, the business earned ($0.05) EPS. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. On average, equities analysts expect that Quotient Technology Inc will post -0.32 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the business. Nuveen Asset Management LLC purchased a new position in shares of Quotient Technology during the 2nd quarter valued at approximately $6,620,000. Price T Rowe Associates Inc. MD grew its stake in Quotient Technology by 5.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 120,214 shares of the technology company’s stock valued at $1,291,000 after acquiring an additional 6,147 shares during the period. UBS Asset Management Americas Inc. grew its stake in Quotient Technology by 12.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 84,362 shares of the technology company’s stock valued at $906,000 after acquiring an additional 9,294 shares during the period. P2 Capital Partners LLC grew its stake in Quotient Technology by 1.0% in the 2nd quarter. P2 Capital Partners LLC now owns 3,113,520 shares of the technology company’s stock valued at $33,439,000 after acquiring an additional 30,000 shares during the period. Finally, Ellington Management Group LLC acquired a new stake in Quotient Technology in the 2nd quarter valued at $164,000. Institutional investors own 70.00% of the company’s stock.
Several research analysts recently commented on QUOT shares. Bank of America downgraded shares of Quotient Technology from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $17.00 to $10.00 in a research note on Wednesday, August 7th. Zacks Investment Research raised shares of Quotient Technology from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. Craig Hallum reduced their price target on shares of Quotient Technology from $20.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. First Analysis downgraded shares of Quotient Technology from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $14.00 to $11.00 in a research note on Wednesday, August 7th. Finally, TheStreet downgraded shares of Quotient Technology from a “c-” rating to a “d” rating in a research note on Monday, May 13th. One investment 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 has an average rating of “Hold” and a consensus price target of $12.63.
Quotient Technology Company Profile
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.
Read More: What are the most popular ETFs
Receive News & Ratings for Quotient Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quotient Technology and related companies with MarketBeat.com's FREE daily email newsletter.