Insider Buying: Quotient Technology Inc. (QUOT) Director Buys $61,250.00 in Stock
Quotient Technology Inc. (NYSE:QUOT) Director Andrew J. Gessow purchased 5,000 shares of the stock in a transaction on Thursday, November 16th. The shares were purchased at an average cost of $12.25 per share, with a total value of $61,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Quotient Technology Inc. (QUOT) opened at $12.05 on Monday. Quotient Technology Inc. has a 1 year low of $9.10 and a 1 year high of $17.85.
Quotient Technology (NYSE:QUOT) last issued its earnings results on Wednesday, November 1st. The technology company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.10). Quotient Technology had a negative return on equity of 4.96% and a negative net margin of 5.17%. The company had revenue of $81.95 million during the quarter, compared to analysts’ expectations of $83.24 million. During the same period in the previous year, the company earned ($0.13) EPS. Quotient Technology’s quarterly revenue was up 23.3% on a year-over-year basis. equities research analysts predict that Quotient Technology Inc. will post -0.14 EPS for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in QUOT. Senvest Management LLC acquired a new position in shares of Quotient Technology in the second quarter worth about $30,620,000. Teachers Advisors LLC lifted its stake in shares of Quotient Technology by 258.2% in the second quarter. Teachers Advisors LLC now owns 762,904 shares of the technology company’s stock worth $8,773,000 after acquiring an additional 549,948 shares in the last quarter. Lyon Street Capital LLC lifted its stake in shares of Quotient Technology by 109.1% in the second quarter. Lyon Street Capital LLC now owns 794,339 shares of the technology company’s stock worth $9,135,000 after acquiring an additional 414,400 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Quotient Technology by 7.1% in the second quarter. Vanguard Group Inc. now owns 5,688,612 shares of the technology company’s stock worth $65,419,000 after acquiring an additional 378,031 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Quotient Technology in the third quarter worth about $3,958,000. Institutional investors and hedge funds own 72.89% of the company’s stock.
A number of equities research analysts have issued reports on the company. Bank of America Corporation reissued a “neutral” rating and set a $20.00 price target (up previously from $15.00) on shares of Quotient Technology in a research report on Tuesday, October 10th. First Analysis began coverage on Quotient Technology in a research report on Monday, October 9th. They set an “overweight” rating and a $21.00 price target for the company. Dougherty & Co reaffirmed a “buy” rating and issued a $20.00 target price (up previously from $16.00) on shares of Quotient Technology in a research report on Wednesday, October 4th. BidaskClub downgraded Quotient Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th. Finally, DA Davidson began coverage on Quotient Technology in a research report on Wednesday, September 13th. They issued a “buy” rating and a $18.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.88.
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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