Quotient Technology Inc (NYSE:QUOT) insider Steven R. Boal sold 50,000 shares of Quotient Technology stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $12.64, for a total value of $632,000.00. Following the sale, the insider now owns 3,068,672 shares of the company’s stock, valued at approximately $38,788,014.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of QUOT stock opened at $11.94 on Wednesday. The company has a quick ratio of 6.27, a current ratio of 6.27 and a debt-to-equity ratio of 0.40. Quotient Technology Inc has a fifty-two week low of $10.35 and a fifty-two week high of $15.98. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -91.85 and a beta of 0.17.

Quotient Technology (NYSE:QUOT) last announced its quarterly earnings data on Wednesday, November 7th. The technology company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04). Quotient Technology had a negative net margin of 5.27% and a negative return on equity of 3.11%. The company had revenue of $103.60 million during the quarter, compared to the consensus estimate of $102.99 million. During the same quarter in the previous year, the firm posted ($0.12) EPS. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. On average, equities analysts predict that Quotient Technology Inc will post -0.27 EPS for the current year.

A number of hedge funds have recently made changes to their positions in QUOT. Sei Investments Co. bought a new stake in Quotient Technology in the second quarter valued at approximately $150,000. BB&T Securities LLC bought a new stake in Quotient Technology in the second quarter valued at approximately $193,000. Glenmede Trust Co. NA lifted its position in Quotient Technology by 55.3% in the third quarter. Glenmede Trust Co. NA now owns 13,840 shares of the technology company’s stock valued at $213,000 after purchasing an additional 4,930 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in Quotient Technology by 119.1% in the third quarter. Public Employees Retirement Association of Colorado now owns 13,847 shares of the technology company’s stock valued at $215,000 after purchasing an additional 7,528 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in Quotient Technology by 39.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 16,978 shares of the technology company’s stock valued at $222,000 after purchasing an additional 4,823 shares during the last quarter. Hedge funds and other institutional investors own 75.29% of the company’s stock.

A number of analysts have recently issued reports on QUOT shares. Royal Bank of Canada downgraded Quotient Technology from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, August 1st. Zacks Investment Research downgraded Quotient Technology from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 15th. Finally, ValuEngine downgraded Quotient Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Quotient Technology currently has an average rating of “Buy” and a consensus price target of $17.00.

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About Quotient Technology

Quotient Technology Inc provides digital marketing platform that offers digital coupons and media solutions to consumer packaged goods (CPGs) brands, retailers, and shoppers in the United States. The company operates its platform across various distribution networks, reaching approximately 60 million shoppers, including the app and Website of its flagship consumer brand, Coupons.com, other owned and operated properties, and various publisher partners.

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Insider Buying and Selling by Quarter for Quotient Technology (NYSE:QUOT)

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