Quotient Technology jumps on speculation it is exploring options including a sale

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Quotient Technology jumps on speculation it is exploring options including a sale
Credit: © Reuters.

By Sam Boughedda

Quotient Technology Inc (NYSE: QUOT ) jumped Tuesday on speculation that the parent of Coupons.com is exploring options that include a sale.

Reuters said its sources told them that the company, which is dealing with a collapse in advertising revenue, is working with investment bank Houlihan Lokey (NYSE: HLI ) on a sale process.

The process is said to have been underway for several weeks, although Reuters sources warned there is no certainty that Quotient will clinch any deal.

Quotient shares are up over 15% at the time of writing, although the stock is down over 40% in the last 12 months.

Last month the company reported revenue of $70.7 million for the fourth quarter, missing the consensus estimate of $83.66M. Its revenue fell from $521.5M in 2021 to $288.8M in 2022. For the full year 2023, the company expects revenue to be between $275M and $305M. 

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