Tudor Investment Corp ET AL lowered its stake in Quotient Technology Inc. (NYSE:QUOT) by 22.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,602 shares of the technology company’s stock after selling 6,877 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Quotient Technology were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of QUOT. Senvest Management LLC purchased a new position in Quotient Technology in the 2nd quarter worth about $30,620,000. Teachers Advisors LLC increased its stake in Quotient Technology by 258.2% in the 2nd quarter. Teachers Advisors LLC now owns 762,904 shares of the technology company’s stock worth $8,773,000 after purchasing an additional 549,948 shares in the last quarter. Lyon Street Capital LLC purchased a new position in Quotient Technology in the 1st quarter worth about $3,628,000. Vanguard Group Inc. increased its stake in Quotient Technology by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,688,612 shares of the technology company’s stock worth $65,419,000 after purchasing an additional 378,031 shares in the last quarter. Finally, Marshall Wace North America L.P. increased its stake in Quotient Technology by 1,172.4% in the 2nd quarter. Marshall Wace North America L.P. now owns 219,267 shares of the technology company’s stock worth $2,632,000 after purchasing an additional 202,034 shares in the last quarter. 71.19% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Steven R. Boal sold 80,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $16.01, for a total transaction of $1,280,800.00. Following the completion of the transaction, the insider now directly owns 488,823 shares of the company’s stock, valued at $7,826,056.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dawn G. Lepore sold 4,800 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $12.01, for a total value of $57,648.00. Following the transaction, the director now directly owns 100,797 shares of the company’s stock, valued at $1,210,571.97. The disclosure for this sale can be found here. Insiders have sold 1,055,523 shares of company stock valued at $16,199,995 over the last ninety days. 11.99% of the stock is owned by insiders.
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Shares of Quotient Technology Inc. (QUOT) opened at 17.45 on Monday. Quotient Technology Inc. has a 12 month low of $9.10 and a 12 month high of $17.85. The firm’s market capitalization is $1.61 billion. The firm’s 50-day moving average price is $16.02 and its 200-day moving average price is $12.71.
Quotient Technology (NYSE:QUOT) last announced its quarterly earnings results on Tuesday, August 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. Quotient Technology had a negative return on equity of 2.92% and a negative net margin of 5.61%. The company had revenue of $74.49 million during the quarter, compared to the consensus estimate of $73.72 million. During the same period in the prior year, the company earned ($0.04) earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, equities analysts anticipate that Quotient Technology Inc. will post $0.24 earnings per share for the current year.
A number of brokerages recently weighed in on QUOT. Bank of America Corporation reissued a “neutral” rating and issued a $20.00 price target (up previously from $15.00) on shares of Quotient Technology in a research note on Tuesday, October 10th. First Analysis began coverage on Quotient Technology in a research note on Monday, October 9th. They issued an “overweight” rating and a $21.00 price target on the stock. Dougherty & Co reissued a “buy” rating and issued a $20.00 price target (up previously from $16.00) on shares of Quotient Technology in a research note on Wednesday, October 4th. BidaskClub raised Quotient Technology from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 16th. Finally, DA Davidson began coverage on Quotient Technology in a research note on Wednesday, September 13th. They issued a “buy” rating and a $18.00 price target on the stock. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.88.
About Quotient Technology
Quotient Technology Inc is a provider of digital platform that enables consumer packaged goods (CPG) brands and retailers to engage shoppers through personalized and targeted promotions and media. Through the Company’s platform, CPGs and retailers are able to use online and in-store point-of-sale (POS) shopper data and analytics.
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