Quotient Technology (NYSE:QUOT) Sees Large Volume Increase

Quotient Technology Inc (NYSE:QUOT) shares saw unusually-high trading volume on Thursday . Approximately 1,670,613 shares traded hands during mid-day trading, an increase of 160% from the previous session’s volume of 641,592 shares.The stock last traded at $8.31 and had previously closed at $8.03.

QUOT has been the topic of several research reports. First Analysis downgraded shares of Quotient Technology from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from $14.00 to $11.00 in a research note on Wednesday, August 7th. Bank of America downgraded shares of Quotient Technology from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $17.00 to $10.00 in a research note on Wednesday, August 7th. Zacks Investment Research upgraded shares of Quotient Technology from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. Oppenheimer set a $10.00 price objective on shares of Quotient Technology and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, ValuEngine downgraded shares of Quotient Technology from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.63.

The stock has a market capitalization of $703.35 million, a price-to-earnings ratio of -34.63 and a beta of 0.03. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.53. The business’s 50 day simple moving average is $7.70 and its 200-day simple moving average is $9.54.

Quotient Technology (NYSE:QUOT) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $104.69 million for the quarter, compared to the consensus estimate of $103.81 million. Quotient Technology had a negative net margin of 7.12% and a negative return on equity of 7.44%. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) earnings per share. On average, analysts expect that Quotient Technology Inc will post -0.44 earnings per share for the current year.

In other news, insider Jason Young sold 7,500 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $8.16, for a total value of $61,200.00. Following the completion of the transaction, the insider now owns 174,916 shares of the company’s stock, valued at $1,427,314.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Chad Summe sold 10,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $10.24, for a total transaction of $102,400.00. Following the completion of the transaction, the chief operating officer now directly owns 185,147 shares of the company’s stock, valued at approximately $1,895,905.28. The disclosure for this sale can be found here. Insiders sold 17,815 shares of company stock valued at $165,884 in the last three months. Company insiders own 10.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Quotient Technology by 4.2% in the second quarter. BlackRock Inc. now owns 5,781,316 shares of the technology company’s stock worth $62,094,000 after acquiring an additional 231,429 shares during the last quarter. P2 Capital Partners LLC lifted its holdings in shares of Quotient Technology by 1.0% in the second quarter. P2 Capital Partners LLC now owns 3,113,520 shares of the technology company’s stock worth $33,439,000 after acquiring an additional 30,000 shares during the last quarter. Bernzott Capital Advisors lifted its holdings in shares of Quotient Technology by 1.1% in the second quarter. Bernzott Capital Advisors now owns 2,518,045 shares of the technology company’s stock worth $27,044,000 after acquiring an additional 28,310 shares during the last quarter. Trigran Investments Inc. lifted its holdings in shares of Quotient Technology by 138.6% in the second quarter. Trigran Investments Inc. now owns 1,062,264 shares of the technology company’s stock worth $11,409,000 after acquiring an additional 616,967 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Quotient Technology by 247.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 771,582 shares of the technology company’s stock worth $8,241,000 after acquiring an additional 549,206 shares during the last quarter. 70.93% of the stock is owned by hedge funds and other institutional investors.

About Quotient Technology (NYSE:QUOT)

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.

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