State Street Corp raised its holdings in Quotient Technology Inc. (NYSE:QUOT) by 13.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,318,689 shares of the technology company’s stock after purchasing an additional 151,433 shares during the period. State Street Corp owned 1.43% of Quotient Technology worth $15,165,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of QUOT. BNP Paribas Arbitrage SA grew its position in shares of Quotient Technology by 595.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,449 shares of the technology company’s stock worth $109,000 after buying an additional 8,091 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Quotient Technology by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 12,385 shares of the technology company’s stock worth $118,000 after purchasing an additional 474 shares during the period. Stoneridge Investment Partners LLC bought a new position in shares of Quotient Technology in the 2nd quarter worth approximately $125,000. Parametric Portfolio Associates LLC raised its stake in Quotient Technology by 7.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 16,005 shares of the technology company’s stock worth $153,000 after acquiring an additional 1,168 shares during the period. Finally, Balyasny Asset Management LLC bought a new stake in Quotient Technology during the 2nd quarter worth approximately $184,000. 72.26% of the stock is owned by institutional investors.
A number of equities research analysts have commented on QUOT shares. BidaskClub cut shares of Quotient Technology from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Dougherty & Co reaffirmed a “buy” rating and set a $20.00 price objective (up from $16.00) on shares of Quotient Technology in a report on Wednesday, October 4th. First Analysis began coverage on shares of Quotient Technology in a report on Monday, October 9th. They issued an “overweight” rating and a $21.00 target price for the company. ValuEngine upgraded Quotient Technology from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, DA Davidson initiated coverage on Quotient Technology in a research report on Wednesday, September 13th. They issued a “buy” rating and a $18.00 price target for the company. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.88.
In other Quotient Technology news, Director David E. Siminoff sold 8,000 shares of Quotient Technology stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $15.76, for a total value of $126,080.00. Following the transaction, the director now directly owns 3,000 shares in the company, valued at approximately $47,280. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew J. Gessow purchased 5,000 shares of Quotient Technology stock in a transaction dated Thursday, November 16th. The stock was acquired at an average cost of $12.25 per share, with a total value of $61,250.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 946,783 shares of company stock valued at $15,808,792. Corporate insiders own 11.46% of the company’s stock.
Shares of Quotient Technology Inc. (NYSE QUOT) traded down $0.15 during mid-day trading on Thursday, hitting $11.40. The stock had a trading volume of 1,427,701 shares, compared to its average volume of 486,258. Quotient Technology Inc. has a 1-year low of $9.10 and a 1-year high of $17.85.
Quotient Technology (NYSE:QUOT) last issued its earnings results on Wednesday, November 1st. The technology company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.10). Quotient Technology had a negative net margin of 5.17% and a negative return on equity of 4.96%. The firm had revenue of $81.95 million during the quarter, compared to analysts’ expectations of $83.24 million. During the same quarter in the prior year, the company earned ($0.13) EPS. Quotient Technology’s quarterly revenue was up 23.3% on a year-over-year basis. research analysts forecast that Quotient Technology Inc. will post -0.14 EPS for the current fiscal year.
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Quotient Technology Profile
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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