Published On: Thu, Sep 8th, 2016

Quotient Technology Inc. (QUOT) Insider Sells $45,967.28 in Stock

Quotient Technology Inc. (NYSE:QUOT) insider Connie Chen sold 3,464 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $13.27, for a total value of $45,967.28. Following the transaction, the insider now owns 12,989 shares in the company, valued at approximately $172,364.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Quotient Technology Inc. (NYSE:QUOT) traded up 0.15% during midday trading on Wednesday, hitting $13.26. The stock had a trading volume of 284,268 shares. The stock’s market cap is $1.11 billion. The firm has a 50 day moving average price of $13.27 and a 200 day moving average price of $11.69. Quotient Technology Inc. has a one year low of $5.00 and a one year high of $14.36.
Quotient Technology (NYSE:QUOT) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm earned $67.20 million during the quarter, compared to analyst estimates of $63.52 million. The firm’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.11) earnings per share. On average, equities analysts forecast that Quotient Technology Inc. will post $0.07 earnings per share for the current fiscal year.

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Several brokerages have recently commented on QUOT. Loop Capital began coverage on Quotient Technology in a research note on Wednesday, August 10th. They set a “buy” rating and a $16.00 price target on the stock. RBC Capital Markets restated a “hold” rating on shares of Quotient Technology in a research note on Wednesday, August 3rd. Bank of America Corp. set a $15.00 target price on Quotient Technology and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Wedbush lifted their target price on Quotient Technology from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. Finally, Zacks Investment Research upgraded Quotient Technology from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, August 9th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Quotient Technology presently has a consensus rating of “Buy” and an average target price of $13.57.
Quotient Technology Inc, formerly Incorporated, is a provider of digital promotions and media solutions. The Company connects consumer packaged goods (CPG) brands and retailers with shoppers by offering digital promotions and media to shoppers through mobile, Web and social channels. The Company’s platform is used by brands, as well as retailers in the grocery, drug, dollar, club and mass merchandise channels to engage shoppers at the critical moments when they are choosing what products to buy and where to shop.

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