Sunday, June 26, 2022

Checking in on Quotient Technology Inc. (QUOT) after recent insiders movement

In a filing, Quotient Technology Inc. revealed its Director GESSOW ANDREW J acquired Company’s shares for reported $0.1 million on Jun 02. In the deal valued at $4.08 per share,25,000 shares were bought. As a result of this transaction, GESSOW ANDREW J now holds 335,108 shares worth roughly $ 1.28 million.

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Then, MCDONALD ROBERT A bought 20,336 shares, generating $150,000 in total proceeds. Upon buying the shares at $7.38, the Director now owns 95,847 shares.

Before that, GESSOW ANDREW J bought 7,000 shares. Quotient Technology Inc. shares valued at $50,788 were divested by the Director at a price of $7.26 per share. As a result of the transaction, GESSOW ANDREW J now holds 310,108 shares, worth roughly $1.19 million.

Taking this into account, BofA/Merrill upgraded its Quotient Technology Inc. [QUOT] rating to a Buy from a an Underperform in a research note published on Tuesday. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid December with a ‘”an Underweight”‘ rating. Dougherty & Company also remained covering QUOT and has increased its forecast on November 18, 2019 with a “Buy” recommendation from previously “Neutral” rating. Dougherty & Company revised its rating on November 18, 2019. It rated QUOT as “a Buy” which previously was an “a Neutral”.

Price Performance Review of QUOT

On Tuesday, Quotient Technology Inc. [NYSE:QUOT] saw its stock jump 2.68% to $3.83. On the same session, the stock had its day’s lowest price of $3.77, but rose to a high of $4.00. Over the last five days, the stock has gained 0.79%. Quotient Technology Inc. shares have fallen nearly -48.38% since the year began. Nevertheless, the stocks have fallen -65.68% over the past one year. While a 52-week high of $11.65 was reached on 01/12/22, a 52-week low of $3.42 was recorded on 06/16/22. SMA at 50 days reached $4.74, while 200 days put it at $6.20. A total of 1.25 million shares were traded, compared to the trading of 1.37 million shares in the previous session.

Levels Of Support And Resistance For QUOT Stock

The 24-hour chart illustrates a support level at 3.73, which if violated will result in even more drops to 3.64. On the upside, there is a resistance level at 3.96. A further resistance level may holdings at 4.10. The Relative Strength Index (RSI) on the 14-day chart is 42.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.35%. Stochastics %K at 29.86% indicates the stock is a holding.

Quotient Technology Inc. [QUOT] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 8,344,883 shares, or roughly 8.78% of the outstanding QUOT shares. In other words, the investor’s shares have risen by 516,053 from its previous 13-F filing of 7828830.0. Additionally, Trigran Investments, Inc. decreased 0.00% of its stake after which the total value it holdings stand at $30,712,011, while Engaged Capital LLC reduced 0.00% of its stake to hold $25.53 million in the firm. Over the last quarter, Lynrock Lake LP sold 0 shares of Quotient Technology Inc., while Grassi Investment Management LLC sold 0 shares. At present, BlackRock Fund Advisors is holding 4,676,167 shares valued at $19.55 million. Coliseum Capital Management LLC owned 4,586,442 shares of the company at the time of its most recent 13F filing, worth $19.17 million.

According to FactSet, Quotient Technology Inc.’s share price will average $7.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 87.67 percent from its previous closing price of $3.73. Analysts expect Quotient Technology Inc. stock to reach the higher price of $10.00, while the lowest price estimate is $4.00. However, 2 analysts have rated QUOT stock as a Hold in their predictions for 2022.

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